RATE Group | Cryptocurrency May Become “One More Option”
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Cryptocurrency May Become “One More Option”

18 Dec Cryptocurrency May Become “One More Option”

Posted at 15:14h in Cryptocurrency News by

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Western Union: Cryptocurrency May Become "One More Option" 101
Odilon Almeida. Source: A video screenshot.

American financial services giant Western Union (WU) says they “will be ready” to add cryptocurrencies if crypto garners enough interest as they already boast more than 130 currencies. However, Western Union Global Money Transfer President Odilon Almeida doesn’t think the industry is there yet.

In a video published by WU, Almeida considers the company is in the perfect position to benefit from the cryptocurrency movement in the long-term compared to any startup, given that they have “deep knowledge” about international money transfer, as well as millions of users. “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.

He also explains that cryptocurrencies have so far failed to achieve mass adoption because they have yet to master three things: governance, compliance and volatility. However, in his opinion, WU…

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