Western Union has invested bitcoin accelerator Digital Currency Group (DGC) in a move simplifying its increasing interesting in bitcoin and blockchain technologies and a future in bitcoin remittances.
Other investors include Beijing-based HCM International Company, and a number of family offices, investment managers, and funds including Gibraltar Ventures, OMERS Ventures, Horizon Kinetics, Kingsbridge Wealth Management, and Wood Investment Partners.
DCG’S investors now span various segments of the financial industry, from banks to insurance companies to global money transfer and payments companies who see the potential of digital currencies and their many applications, manufacturing companies and media companies.