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Western Union CEO Advocates for Stablecoins as Innovation Driver in Cross-Border Payments
Western Union CEO Advocates for Stablecoins as Innovation Driver in Cross-Border Payments
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BTCCSquare news:
Western Union CEO Devin McGranahan has positioned stablecoins as a strategic opportunity rather than a competitive threat to the legacy payments giant. In a Bloomberg interview, McGranahan highlighted how dollar-pegged cryptocurrencies could streamline the company's cross-border infrastructure, reducing settlement times and operational costs.
The executive's remarks signal growing institutional recognition of stablecoins' utility in global remittances. While Western Union processes transactions in 130 currencies, McGranahan noted blockchain-based solutions could enhance efficiency without displacing traditional systems. This stance mirrors increasing corporate experimentation with crypto rails for treasury operations and B2B payments.
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