Western Union to embrace Bitcoin only if fully regulated

Friday 27 June 2014 13:31 CET | News

Hikmet Ersek, CEO Western Union, has informed that the remittances company is planning to adopt Bitcoin use should the crypto-currency be regulated accordingly, reports.

Ersek, in an interview held at Bloomberg TV, cited by the same source, has argued that Western Union offers support for 121 different national currencies.

However, Ersek has recently pointed out that digital currencies incorporate limited practicalities on the receiver-side, a key aspect of Western Union’s business scheme.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Western Union, remittance, Bitcoin, regulation, digital currency, crypto-currency, official currency, online sales
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce