the Western Union family is preparing a major transformation in international remittances using crypto technology. Its main goal is to protect people from inflation, especially in countries where money loses value very quickly.
Key points:
They will launch “stable cards,” prepaid cards backed by stablecoins, so that the money sent does not lose value due to inflation.
They are also developing their own stablecoin: WUUSD, which will operate within their ecosystem.
Everything will run on a new platform called Digital Asset Network (DAN), which will connect banks, exchanges, and crypto services.
Western Union chose Solana as the blockchain for its stablecoin, due to its speed and low cost.
The strategy aims to compete with companies like PayPal or Wise and make remittances faster, cheaper, and resistant to inflation.
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