Western Union joined the Stablecoin race after the end of the historic “encryption week” and approved the last major legislation. According to what was reported, the company was appointed to take advantage of the digital assets of the cross -border payments faster.
The eyes of the Western Federation “an opportunity to innovate”
On Monday, the CEO of Western Union Devin McGranahan said that the company explores a way to integrate Stablecoins into its services all over the world as this sector continues.
in interview With Bloomberg, McGranahan stressed that Stablecoins is not a threat to the company, but it is an “other opportunity for innovation”, adding that the sector provides three “real” opportunities for Western Union customers and its customers.
According to the CEO, the merging of these assets provides a faster round -boundary pathway. It also provides an opportunity to convert between FIAT and Stablecoins currencies, especially in countries where local currency transfers are more difficult. In addition, the company can provide Stablecoins as a valuable store for its customers all over the world.
McGranahaan detailed that the company is already adopting new settlements “to move money faster and transfer more easily into a local currency” in different places, including South America and Africa.
Moreover, Western Union explores partnerships with infrastructure companies to enable the purchase and sale of these digital assets through their platform and how can Stablecoin products be provided in their digital portfolios to their customers:
We also explore other partnerships with people who want the slopes and slopes in different parts of the world and how we can enable Western Union and wander to enable people to buy and sell Stablecoins.
More companies prepare Stablecoin
McGranohan’s comments come a few days after US President Donald Trump signed to direct and create national innovation for the benefit of the United States (genius) in law last Friday.
The legislation is scheduled to create a clear regulatory framework for Stablecoins, allowing symbols such as USDT and USDC to decrease under federal reserve bases and empower the sector’s growth in the United States.
Standard Charterd estimated that the 268 billion dollars, Standard Charterd, could expand to $ 2 trillion by 2028. Likewise, the White House encryption expected Caesar David Sachs that the sector could reach an evaluation of $ 3 trillion in the coming years once the legislation is passed.
Farid Thil, CEO of Mara, considers that the United States is taking a leading position worldwide after the Genius has passed, adding that it will be “very useful to provide confidence” for the sector and allow the market to “move a lot.”
It is worth noting that many major American banks, including Bank of America (Bofa) and Citibank, also explore the sector amid the organizational transformation of the United States. BOFA CEO, BONN, BRIN Moinhan, recently confirmed that the bank is developing Stablecoin.
In January, Mounehan confirmed that the American banking industry was ready to embrace digital asset payments and that banks would “come strongly” if the American organizational scene allows this.
Bitcoin (BTC) is trading at $119,100 in the one-week chart. Source: BTCUSDT on TradingView
Distinctive photo of Unsplash.com, Chart from Tradingview.com
Editing process For Bitcoinist, it is focused on providing accurate, accurate and non -biased content. We support strict resource standards, and each page is subject to a diligent review by our team of senior technology experts and experienced editors. This process guarantees the integrity of our content, importance and value of our readers.
The post Wester Union Exploring Stablecoin Integration, CEO Reveals first appeared on Investorempires.com.
