Coinbase Crypto Exchange Wants Western Union’s Bread and Butter

Published by
The Street

By Luc Olinga The bitcoin exchange platform attacks a major source of Western Union revenue. It is an offensive that bodes others to come. For many years banks and mainstream financial-services groups have had a hammerlock on transnational money transfers. This grip, which has been somewhat jostled by financial and fintech startups like Wise and WorldRemit, has enabled the companies to charge comfortable transaction fees. And as the industry feared, all this is about to come crashing down due to the crypto firms. Coinbase (COIN) , one of the most popular crypto exchanges, has said that it is d…

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