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Topic: 2013-10-23 Western Union Says Bitcoin Not Ready For Primetime - page 2. (Read 2355 times)

legendary
Activity: 4466
Merit: 3391
I can see that none of you even looked at the presentation. If you read the presentation, you will see that it is very neutral, and perhaps even a little pro-bitcoin because it acknowledges many of the advantages of Bitcoin. The reasons it gives for saying it is not "ready for prime time" (regarding international money transfer) are accurate:
Quote
Worldwide use of bitcoin is growing
- but there is not sufficient use and liquidity yet for massive adoption
Also, consumer interfaces to bitcoin are not sufficiently mature yet
- ease of use, clarity of transactions, taxation issues, etc.
And…many regulatory issues yet to be adequately addressed
hero member
Activity: 854
Merit: 1000
Wasn't the horse and buggy industry saying the same thing about automobiles?
legendary
Activity: 1722
Merit: 1217
Heh. What else would they say? Bitcoin is their doom.


it sure was nice of the bitcoin foundation to go and rub some salt in those wounds
legendary
Activity: 1190
Merit: 1001
Yeah, better send money with Western Union...

Last time I had to send with them they charged me 4% fees, plus I lost nearly 2h to send it because software was not working at that moment...
Also my partner couldn't take money because they fail entering info, they typed name on surname and surname on name.

Also you can only send and receive 3,000€ every 3 months...

They have nothing to do against bitcoin.
donator
Activity: 784
Merit: 1000
Heh. What else would they say? Bitcoin is their doom.
full member
Activity: 226
Merit: 100
At the eighth annual Western Union Consumer Protection & Compliance Conference held September 18th, 2013, Jay Postma, CAMS, President, MSB Compliance Inc. and  Scott Apodaca, CAMS, Senior Manager, Western Union gave a presentation entitled “Emerging Risk of Digital Currency (E-Currency / Bitcoin / Liberty Reserve) [PDF link].”
http://bitcoinmagazine.com/7692/western-union-says-bitcoin-not-ready-for-primetime/
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