Tag: western union

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Western Union is piloting a stablecoin-based settlement system for global remittances

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Western Union is testing stablecoin settlements for faster remittances. The GENIUS Act in the United States has boosted confidence in blockchain-based payment systems. The company plans on/off-ramp partnerships to link crypto and fiat. Global payments leader Western Union is preparing to launch a pilot project that will test a stablecoin-based settlement system aimed at transforming [.] The post Western Union is piloting a stablecoin-based settlement system for global remittances appeared first.

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Western Union Plans Stablecoin Pilot Program for Cross-Border Transfers

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TLDR Western Union will pilot a stablecoin-based settlement system for its 150 million customers to reduce reliance on traditional banking systems CEO Devin McGranahan says the pilot aims to move money faster with greater transparency and lower costs while maintaining compliance The company changed its stance on crypto after passage of the GENIUS Act, which [.] The post Western Union Plans Stablecoin Pilot Program for Cross-Border Transfers appeared first on CoinCentral.