The post Western Union announced plans to add cryptocurrency on- and off-ramp service appeared on BitcoinEthereumNews.com.

Western Union’s CEO Devin McGranahan said the firm’s new approach to digital innovation has greenlit the launch of a crypto on- and off-ramp service shortly. Speaking live on Bloomberg, McGranahan described what he said was the company’s vision to integrate stablecoins to enhance its cross-border money transfer experience. At the heart of Western Union’s endeavor are stablecoins — digital currencies tethered to fiat currency like the US dollar or the euro. These assets provide the speed and cheap transactional functionality of blockchain technology, but with the currency stability of traditional tender. McGranahan added that stablecoins can also cut costs and improve user service by cutting friction in international remittances. He said the company is also currently seeking relationships with blockchain and fintech companies to support these services. These partnerships allow customers to buy, sell, or redeem stablecoins for local currency in-store or through the company’s digital wallet. Western Union also imagines that customers could enter a Western Union branch, deposit cash, and send it instantly to the other side of the world, or receive it as stablecoins. The company is also considering incorporating stablecoins into its digital wallet products before eventually offering crypto-based financial services more broadly. Crypto users celebrate Western Union’s stablecoin shift Western Union’s announcement was met with excitement across the crypto space, seen as a significant stride toward mainstream adoption. The news spurred lively debate among influencers, developers, and analysts on X. “This is a game changer,” one wrote. “When giants like Western Union enter crypto, you know mainstream adoption is accelerating.” Another message hinted that the company would soon team up with Circle, the issuer of USDC, a stablecoin that is one of the most reputable and regulated in circulation. Others guessed that on-chain payment infrastructure companies like Stellar, Ripple, or Chainlink could be back-end integrators.…

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Filed under: News - @ July 22, 2025 6:24 am