February 18, 2018

Viuly – Watch Out YouTube!

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Western Union Speaks on Coinbase Pilot Integration

David Thompson, the CTO of global remittance giant Western Union, took the stage at MoneyConf 2017 in Madrid, Spain to speak about his outlook on digital currency and announced a pilot program with Coinbase.

Western Union’s view is that digital currencies need to be regulated and integrated into the law before they will be included on their platform. Not long ago, they tried a partnership with Ripple, but broad buy-in from other large institutions didn’t materialize.

Still, Mr. Thompson doesn’t doesn’t believe digital currencies will wipe out the remittance business. Instead, a partnership such as this with Coinbase, could be the future. “Customers have been asking us if digital currency is going to wipe out the remittance business,” he said.