Western Union Playing with the Idea of Cryptocurrencies

American financial payment processing service, Western Union, is ready to enter the crypto world. The President of Western Union, Odilon Almeida, said that the company has been researching and evaluating how they can use cryptocurrencies. Western Union is also looking into how they can implement blockchain technologies. They believe that their users will utilize the option of changing digital currencies to fiat currencies. One of the reasons why Western Union has not adopted cryptocurrencies yet, is because of the volatility of the market. Almeida believes that using Ripple will be great for cross-border payments.

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