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Morningstar sees a risk to money transfer services from Facebook’s Libra

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While Facebook‘s cryptocurrency Libra faces regulatory challenges, its potential to upend some legacy payment providers merits consideration, according to a recent report from Morningstar. “The most at-risk company in our payments coverage might be Western Union, as Libra could prove to be an effective vehicle for international money transfers,” Morningstar analysts Eric Compton and Brett […]

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