Colorado-based financial services and communications company Western Union may add cryptocurrencies like Bitcoin and Ethereum as payment options in the future, according to comments made by the company’s President Odilon Almeida.

In a recent interview with Reuters Plus, Western Union President Odilon Almeida revealed that the company has been exploring potentially using cryptocurrencies and blockchain to improve its services and stay a step ahead of its competition. In the interview, Almeida blamed cryptocurrency’s notorious volatility, governance, and the wild-west style lack of compliance plaguing the industry as the core reasons preventing mainstream adoption.

As that adoption nears closer, Western Union will be “ready to launch,” Almeida says.

“Western Union is ready today to adopt any kind of currency. We already operate with 130 currencies. If we one day feel like it’s the right strategy to introduce cryptocurrencies to our platform, technology-wise it’s just one more currency. I think cryptocurrency may become one more option of currency, or assets, around the globe to be exchanged between people and businesses. If that happens, we will be ready to launch.”

Western Union is a financial services company that allows users to send money anywhere around the world in minutes – a service that works similarly to most cryptocurrencies, albeit at a much higher fee than what is typically seen with cryptocurrencies. Western Union is also among the more popular services for sending funds to countries with insufficient banking infrastructure, making cryptocurrency an ideal option for its customer base.

Western Union, however, has run a trial with Ripple in the past, but the company suggested the cost savings weren’t enough for the firm to integrate the protocol into the payment technology services it offers.

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