Home Cryptocurrency Western Union plans stablecoin prepaid card for countries battling inflation

Western Union plans stablecoin prepaid card for countries battling inflation

Western Union is building a stablecoin-backed prepaid card targeting countries with high inflation rates. The money transfer giant plans to offer the product in markets where local currency depreciation erodes purchasing power, CFO Matthew Cagwin told the UBS Global Technology…

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Analyst Says Dogecoin Price Is Ready To Fly, Here’s Why

Dogecoin has been bleeding lower in recent days, grinding back toward the...

Ethereum ETFs record $75.21M outflow with zero inflows as price stalls at $3K

Ethereum spot ETFs recorded $75.21 million in outflows on December 5, with...

‘European SEC’ proposal sparks licensing concerns, institutional ambitions

Legal experts are concerned that transforming ESMA into the “European SEC” may...

Analyst Points To $82,000 As Most Crucial Bitcoin Price Level — Here’s Why

In a not-so-surprising turn of events, the bearish orientation of the Bitcoin...