While speaking to Reuters, Kenneth Suchoski, a fintech analyst at the leading independent research firm Autonomous Research, opined that remittance firms were less likely to roll out support for Bitcoin and other cryptos unless there is a demand from customers. He explained:
Meanwhile, MoneyGram International has also voiced the challenges of switching between undeveloped infrastructure enabling ramps between cryptocurrencies and local fiat currencies in developing economies. A representative of the global payments firm told Reuters that:
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Source: Cryptocurrency - investing.com
