Cryptocurrency 

Western Union | Testing Ripple’s Blockchain, Will It Take on Crypto Next?

According to the president of Western Union Global Money Transfer, the company is “ready to adopt any kind of currency.” And interestingly, this includes cryptocurrencies. Western Union Ready to Adopt Odilon Almeida held an interview with Reuters Plus yesterday. Here he stated that there was no big difference between cryptocurrencies and regular digital payments, of which the Western Union has handled for years now. The president stated further: “We already operate with 130 currencies. If one day we feel like it is the right strategy to introduce cryptocurrencies to our platform, technology-wise,…

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Blockchain 

State Farm | Testing Blockchain Technology for Auto Insurance Claims

US automotive and life insurance group State Farm is now testing blockchain technology to potentially speed up auto claims. The company announced the new pilot for its blockchain-based subrogation platform on its website yesterday. State Farm Testing Blockchain Technology According to the company’s website, the company processes just over 38,000 claims per day and has 519,000 accounts in mutual funds. “Today, subrogation is a relatively manual, time-consuming process often requiring physical checks to be mailed on a claim-by-claim basis between insurers,” said Mike Fields, innovation executive of State Farm. “You can imagine…

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