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Western Union Would Weigh Using Bitcoin If Regulated, CEO Says

June 25 (Bloomberg) –- Western Union CEO Hikmet Ersek discusses his greatest security concern, the future of Bitcoin and how Western Union will implement new technologies to keep up with the competition. He speaks with Trish Regan from the Clinton Global Initiative in Denver on Bloomberg Television’s “Street Smart.” (Source: Bloomberg)

Western Union, operator of the world’s largest money-transfer business, would consider dealing in bitcoin if it were regulated as a currency, Chief Executive Officer Hikmet Ersek said.

“If bitcoin is regulated and the customer wants that, why not?” Ersek said today in a Bloomberg Television interview.

To contact the reporter on this story: George Rosa Acosta in New York at grosaacosta@bloomberg.net

To contact the editor responsible for this story: Steven Crabill at scrabill@bloomberg.net

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