The international money transfer systеm Western Exchange, founded in 1851, plans to integrate stablecoins into its services.
This was stated by the company’s CEO, Devin McGranahan, in an interview with Bloomberg.
He also identified three areas of potential use for stablecoins.:
– Acceleration of international transfers;
– Conversion between fiat and stablecoins;
– Use as a means of saving in countries with unstable economies.
The company is already testing settlement processes using stablecoins in Africa and South America, so apparently there is very little time left before the final implementation of the project.
