Recently, the crypto community had became overtly excited at the fact Western Union announced it’s teamed up with Thunes and will be using Stellar’s blockchain.

However, this is not the case.

Thunes, the company that provides cross-border payment solutions, took to twitter to clarify all the fake news being spread around.

For clarity, The announced partnership between Thunes and Western Union will be solely powered by Thunes API network.

Western Union Seeks to Make Money Transfer Services More Accessible

Sobia Rahman, Global Head of Account Payout Network for Western Union stated recently:

“We are continuously expanding and enhancing our account payout portfolio, providing customers with multiple payout options including bank accounts, cards or mobile wallets.”

“Our goal is to make digital money transfer services more accessible, with a specific focus on enabling mobile transactions.”

Through collaboration with Thunes, consumers who lack traditional financial services will now be given greater financial access via alternative payment solutions. Mobile wallets will ultimately allow these “unbanked” to get access financial services.

Steve Vickers, CEO at Thunes, stated recently:

“We are delighted to be working with Western Union to provide global reach for their customers.”

“Our payments platform seamlessly interconnects payment providers globally and enables interoperability between diverse payment systems, and by utilizing our vast networks, Western Union customers will now have more flexibility when sending money across borders.”