Western Union CEO: Western Union is Uniquely Ready to Adopt Cryptocurrency

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The world’s leading global remittance provider, Western Union has signaled its intention through a video that it’s evaluating the use of cryptocurrencies and is “ready” to add them to its platform when necessary.

President Odilon Almeida doesn’t think the industry has made it yet. Almeida explains that if there is any firm that is well placed to make the most out of blockchain and cryptocurrencies, then it would have to be Western Union due to the business actively moving payments across different countries and have “deep knowledge” of its nature.

“Cryptocurrency might become one more option for a way for assets to be exchanged between people and countries. If that happens we would be ready to launch,” he said.

Western Union’s has the unique ability to operate as an “on-ramp and...

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