Thursday, February 14, 2008

is Western Union a digital currency?

The Western Union Company (NYSE: WU) is a financial services and communications company based in the United States. Western Union has a number of divisions, with products such as person-to-person money transfer, money orders, and commercial services. As of June 9, 2006, the company has 270,000 Western Union agent locations in over 200 countries and territories. Reported revenues top $3 billion annually.

So is Western Union middlemen, ecurrency or bank facility? They're a money transfer service. ie: a facility for people to move money from one person to another globally. WU is basically a cross country money transfer facilitating organisation, that helps you to send/recieve money from friends/relatives/clients abroad...