Western Union Co. CEO Hikmet Ersek said the global money transfer service will not add a cryptocurrency transfer solution to its services anytime soon, MarketWatch reported June 13.
Speaking at the Economic Club of New York, the head of the largest money transfer company in the world explained that customers lean toward fiat money over digital currencies because of the possibility for broader usability of hard assets like cash. He said:
“The consumers tell us what they want. People aren’t paying their hospital bills in cryptos.”
Full article: https://cointelegraph.com/news/western-union-will-not-add-crypto-transfer-support-in-near-future-says-ceo