The fervor over the digital currency Bitcoin has drawn interest from two of the world’s largest movers of money. And soon we expect them to start offering money transfers in bitcoins!
Western Union Co. WU -1.16% and MoneyGram International Inc. MGI -0.68% are studying ways their customers could use their services to send and receive money transfers denominated in bitcoins, the companies’ executives say.
Both companies run remittance networks commonly used by immigrants to send money to friends and family members in foreign countries. Western Union also operates a business-solutions unit that helps companies send payments to other businesses.