Western Union CEO Devin McGranahan announced during the company’s third quarter earnings call that Western Union is testing stablecoin-enabled solutions in treasury operations, focusing on leveraging blockchain settlement rails to reduce reliance on legacy correspondent banking systems while shortening settlement windows and improving capital efficiency.
„With the passage of the GENIUS Act, we are now seeing potentially interesting opportunities to integrate digital assets into our business in ways that enhance efficiency, reduce friction and improve customer experience,” McGranahan said.
The company is exploring how its global payments network can serve as an on-ramp and off-ramp between fiat and digital currencies, with McGranahan noting „strong interest from potential digital native partners using our infrastructure to bridge these worlds, particularly in regions where access to traditional banking is limited, but crypto adoption is growing.”
Western Union plans to expand partnerships and capabilities allowing customers to move and hold stablecoin digital assets, though McGranahan emphasized the focus is utility rather than speculation. „This is not about speculation. It is about giving our customers more choice and control in how they manage and move their money,” he said.
Banking 4.0 – „how was the experience for you”
„To be honest I think that Sinaia, your conference, is much better then Davos.”
Many more interesting quotes in the video below:
