The prestigious financial firm Western Union integrated its services to the platform of Coinbase, based on a trial alliance, where both companies will drive the trade of criptomonedas.
The initiative was announced during the event MoneyConf2017, held in Madrid, Spain. According to David Thompson, Chief Technology Officer of Wester Union, the leading remittance services company is undergoing integration with the Coinbase platform to offer fiat currency transaction services before discussing possibilities with digital currencies.
Thompson was reticent about the possibility that the crypto-coins have a definite short-term success, especially taking into account the legal implications of transactions and the time it will take to generate a global legal framework to support their adoption. Meanwhile, the traditional system will continue to occupy the market in remittance services.