Moneygram CEO: ‘The More We Know About You, The Easier It Is to Send Money’
Moneygram, a major money transfer company based in the US, recently attended the Money 20/20 conference to offer innovative insights on the growth of the international remittance market. In an interview with Cointelegraph, Alex Holmes, Moneygram CEO, cited importance of KYC (Know Your Customer) regulations and user verification.
One merit of Bitcoin and other cryptocurrencies like Monero and Litecoin is its ability to enable any user on the network to send payments without boundaries. For instance, a user from the Philippines can easily send a Bitcoin transaction to a friend in South Korea, regardless of the amount.
In early 2009, Satoshi Nakamoto introduced Bitcoin as a peer-to-peer cryptocurrency network that is capable of handling payments without the presence of a mediator.
This post was published at Coin Telegraph on 2016-10-28.