Western Union won’t work with cryptocurrency

In March, the payment system Mastercard has published its quarterly report, which recognizes loss of customers because of the ban of cryptocurrency transactions. Now on the same path went the Western Union company announced the introduction of restrictions on the use of digital currency. This writes Cointelegraph.

How to pay with cryptocurrency. Not with WU

According to the head of Western Union Hikmet Ersek√ę, customers of the payment system prefer Fiat money to cryptocurrency, so their integration is not necessary.

Clients constantly tell us what they want. While we have not received enough requests to add digital assets to the list of means of payment.

Ersek added that another reason for the restrictions was skeptical of Central banks in relation to cryptocurrencies. Regulators do not intend to relinquish control over the money in favor of decentralized payment systems, he added.

I hope we have such problems will not arise. Legal framework of the cryptocurrency in Russia should adopt in the next few weeks.

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