Western Union has big plans for stablecoins

Western Union CEO Devin McGranahan said at the Digital Asset Summit in New York that stablecoins were a great way to earn float revenue on money moving through its network. But the possibilities didn’t end there.

PayPal takes Venmo global

The payment firm’s P2P app, which has only been available in the U.S., will provide a new lane for remittances and other cross-border payments.

Gould wants crypto rules to level the playing field

Speaking at the Digital Asset Summit, the Comptroller of the Currency argued that part of his goal in shifting the agency’s posture toward the crypto industry is to allow smaller financial institutions to engage in novel technologies, which he said will keep banks relevant.