Western Union began to look close to cryptocomp

The international financial intermediary Western Union is considering the possibility of adding operations with cryptocurrent to the list of services provided if customers will be interested in this.

In the video interview of Reuters Plus, the President of the company Odon Almeida said that cryptocurrency can become an additional option for international exchange of funds or assets between people and enterprises. According to him, Western Union is ready to work with any money, including virtual, as from a technical point of view, this is just one of the varieties of currencies. By adding that if the cryptocurrency becomes sufficient demand, they will be ready for launch.

The main obstacles to the global virtual currency distribution chapter Western Union considers volatility, as well as the lack of regulation and consistency.

He also said that the company continues to study the prospects for implementing the blockchain in its activities to improve efficiency. Recall that earlier WU tested Ripple products, but in July

Large financial companies open more and more advantages of the application of the blockchain and cryptocurrency in their activities. Recently State Bank Brazil and Central Bank Egypt