Topic: [2014-02-10] Fortune: Does Western Union need to watch out for bitcoin? (Read 748 times)
February 12, 2014, 09:22:07 AM
WU, Payapl, Visa/Master..... all have become too greedy for their own good. So natural justice will prevail and Bitcoin will replace them. When Bitcoiners get too greedy (by charging 10%+ transaction fee), then something else will replace BTC.
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February 11, 2014, 08:02:47 AM
Of course it's a potential threat as it is to most payment processors, but I think we're a long way off from it being a credible one. I think WU and PP will have to look at how they do business and change their practises though.
February 10, 2014, 11:16:28 PM
February 10, 2014, 10:18:46 PM
Every time I discuss the real value of Bitcoin I always use WU as a perfect example of something inferior to Bitcoin in almost every way. Yes - Bitcoin could put WU out of business in the long run.
And obv. the opposers always rant on with AML laws, AML laws, AML laws... "Governments will never allow it!" Bla bla blah! Does anyone remember CASH? That doesn't get banned for the ability to circumvent AML laws... Or wait.. Maybe it will be :/
And obv. the opposers always rant on with AML laws, AML laws, AML laws... "Governments will never allow it!" Bla bla blah! Does anyone remember CASH? That doesn't get banned for the ability to circumvent AML laws... Or wait.. Maybe it will be :/
February 10, 2014, 10:01:07 PM
Western Union needs to start letting their customers buy and sell bitcoins before the USPS does. They should already have all of the required licenses and know how to navigate all of the regulatory hurdles.
February 10, 2014, 06:02:13 PM
Yes 
(but don't tell that to WU)
(but don't tell that to WU)
February 10, 2014, 05:59:15 PM
In the midst of the negative press this little gem showed up today. At least Bitcoin is on the radar.
http://finance.fortune.cnn.com/2014/02/10/bitcoin-western-union-zipzap/
At least Bitcoin is on the radar.http://finance.fortune.cnn.com/2014/02/10/bitcoin-western-union-zipzap/
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