![Facebook’s Novi, Strike’s Bitcoin App Spell Trouble for Western Union Stock, Analyst Says Facebook’s Novi, Strike’s Bitcoin App Spell Trouble for Western Union Stock, Analyst Says](https://www.coindesk.com/resizer/z1aIayCklN0YQxLgI9sRYpSJeSo=/1200x628/cloudfront-us-east-1.images.arcpublishing.com/coindesk/BG4YIL2ROBH4ZP3DUTOX2EALDE.jpeg)
![Facebook’s Novi, Strike’s Bitcoin App Spell Trouble for Western Union Stock, Analyst Says Facebook’s Novi, Strike’s Bitcoin App Spell Trouble for Western Union Stock, Analyst Says](https://www.coindesk.com/resizer/z1aIayCklN0YQxLgI9sRYpSJeSo=/1200x628/cloudfront-us-east-1.images.arcpublishing.com/coindesk/BG4YIL2ROBH4ZP3DUTOX2EALDE.jpeg)
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BTIG analyst Mark Palmer says traditional money-transfer firms are likely to face increased pressure from crypto projects.
Updated Oct 20, 2021 at 2:43 p.m. UTC
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Western Union (Sean Gallup/Getty Images)
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Western Union (Sean Gallup/Getty Images)
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