Western Union Reveals the Real Business Behind Its USDPT Stablecoin
Western Union has a costly problem. Billions of dollars can move through its global payment network, but some of its capital must sit idle in bank accounts, waiting for customers to send money. The 175-year-old remittance giant believes stablecoins could change that. Speaking to BeInCrypto at Merge Madrid, Malcolm Clark, Western Union’s head of digital The post Western Union Reveals the Real Business Behind Its USDPT Stablecoin appeared first on BeInCrypto.
Key Takeaways
- Western Union has a costly problem.
- Billions of dollars can move through its global payment network, but some of its capital must sit idle in bank accounts, waiting for customers to send money.
- The 175-year-old remittance giant believes stablecoins could change that.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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