Close Menu
    X (Twitter)
    Blockchain Journal
    • News
      • Blockchain News
      • Bitcoin News
      • Ethereum News
      • NFT
      • DeFi News
      • Polkadot News
      • Chainlink News
      • Ripple News
      • Cardano News
      • EOS News
      • Litecoin News
      • Monero News
      • Stellar News
      • Tron News
      • Press Releases
      • Opinion
      • Sponsored
    • Price Analisys
    • Learn Crypto
    • Contact
    • bandera
    Facebook X (Twitter) Instagram
    Blockchain Journal
    Home » Western Union announced “full readiness” to work with cryptocurrencies

    Western Union announced “full readiness” to work with cryptocurrencies

    0
    By BlockchainJournal on December 19, 2018 News
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Odilon Almeida, President of Western Union Global Money Transfer, said that Western Union's money transfer platform is “fully ready” to work with cryptocurrencies to secure international payments.

    Almeida said that Western Union is ready to make maximum use of the blockchain and cryptocurrency technology in its work, as it specializes in international payments and “knows well” what it is.

    Yesterday, on its Twitter page, WU published a video stating that the company “is uniquely positioned to connect the monetary and digital world.” It is also reported that at present the service has access to "billions of bank accounts" worldwide, and also works with "more than half a million retail outlets."

    There's a lot of hype around cryptocurrencies.

    Good thing we've been transferring money digitally for nearly two decades. Bring on the #blockchain : https://t.co/Z1fzoH2ujV #WUFintech pic.twitter.com/DFUVYq9vOi

    – Western Union (@WesternUnion) December 17, 2018

    WU President, Odilon Almeida also commented on the possibility of cryptocurrency integration:

    We are ready to accept all types of currencies. Western Union is already working with 130 currencies. Difficulties with the integration of cryptocurrency on our platform should not arise, since from a technological point of view, they are also currencies. I think that cryptocurrencies can become much more popular all over the world, if this happens, we will be ready to work with them.

    It is also reported that the current Western Union money transfer platform does not use blockchain technology . However, the company has been providing reliable and efficient service for many decades. Whether the blockchain will be used to make money transfers does not matter for most users.

    Share your opinion on this issue in the comments below.


    blockchain Featured Twitter Video Western Union Work
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    BlockchainJournal

    Related Posts

    DBS Hong Kong Warns New Stablecoin Regulation Will Limit Derivatives Trading

    September 26, 20252 Mins Read

    SharpLink Gaming Revolutionizes the Market by Tokenizing Its Equity on the Ethereum Network

    September 25, 20253 Mins Read

    Plasma’s XPL Token Bursts onto the Market with a Capitalization Exceeding $2.4B

    September 25, 20253 Mins Read

    Japan Doubles Its Crypto Market Thanks to Tax and Regulatory Reforms, New Report Finds

    September 24, 20252 Mins Read

    Gate Launchpad listed Plasma (XPL) with dual interest in GUSD

    September 23, 20252 Mins Read

    Ethena partners with Flowdesk as USDe reaches $14 billion amid a boom for synthetic dollars

    September 19, 20253 Mins Read

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 Blockchain Journal

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.