Express
Western Union Plans to Integrate Stablecoins into Its Digital Wallet Products
Summary: In an interview with Bloomberg's 'The Close' program on Monday, Western Union CEO Devin McGranahan stated that the company sees stablecoins as an opportunity. Western Union is actively adjusting its infrastructure and expanding partnerships to integrate related technologies into its global payment network. McGranahan highlighted three key opportunities facing the 175-year-old Western Union: cross-border remittances, ...
In an interview with Bloomberg's 'The Close' program on Monday, Western Union CEO Devin McGranahan stated that the company sees stablecoins as an opportunity. Western Union is actively adjusting its infrastructure and expanding partnerships to integrate related technologies into its global payment network. McGranahan highlighted three key opportunities facing the 175-year-old Western Union: cross-border remittances, stablecoin and fiat currency exchange, and providing customers with value storage tools. He added, 'We believe stablecoins are indeed an opportunity, not a threat.' McGranahan revealed that the company is testing a new settlement system in South America and Africa to speed up remittance processes, while also exploring providing stablecoin services in its digital wallet through partnerships.
Tags:
Link: Western Union Plans to Integrate Stablecoins into Its Digital Wallet Products [Copy]
