Topic: Bitcoin dealing massive blow to Western Union (Read 978 times)
after reading all the posts i just could not get the purpos of this thread ? compairing a currency with a money transfer bussiness ? they are not just the same
The reason why people still stick to the send-over-the-counter practise is mainly because not many people knows about bitcoin existence in the first place especially those who are not tech savvy. This will change in years to come. For the moment, If anybody is willing to help these people by setting up an intermediate btc sending/receiving service... if there is any
I've never understood people comparing Bitcoin to a business. Western Union is a business. Bitcoin is an ACH/EFT replacement system. Western union could decide to use Bitcoin to transfer money tomorrow and it would still be the same business. They would just be using a different transfer method.
What don't you understand? Why would I pay Western Union $50 to send $1000 via bitcoin if I can do it myself for free. Or at worst 2-3% fee if I purchase bitcoin with my CC.
Western Union is a business. Coinbase is a business.
Bitcoin is a method of transferring value. ACH/EFT is a method of transfering value.
They're not the same thing.
Hikmet Ersek is the President and Chief Executive Officer of Western Union. Jack M. Greenberg is the Chairman of Western Unions Board of Directors. Who is the CEO and director of Bitcoin?
Bitcoin is not a company. The flavor of a red apple is not orange.
Obviously, we don't shop at the same Walmart.
I've never understood people comparing Bitcoin to a business. Western Union is a business. Bitcoin is an ACH/EFT replacement system. Western union could decide to use Bitcoin to transfer money tomorrow and it would still be the same business. They would just be using a different transfer method.
What don't you understand? Why would I pay Western Union $50 to send $1000 via bitcoin if I can do it myself for free. Or at worst 2-3% fee if I purchase bitcoin with my CC.
Western Union is a business. Coinbase is a business.
Bitcoin is a method of transferring value. ACH/EFT is a method of transfering value.
They're not the same thing.
Hikmet Ersek is the President and Chief Executive Officer of Western Union. Jack M. Greenberg is the Chairman of Western Unions Board of Directors. Who is the CEO and director of Bitcoin?
Bitcoin is not a company. The flavor of a red apple is not orange.
Well I personally was a customer that happily paid the insane fees with 2k+ dollars monthly transfers. Now I use a local bitcoin exchange and not them anymore. We just need more of my current me and less of my previous me and then WU can go $#@ themselves.
I've never understood people comparing Bitcoin to a business. Western Union is a business. Bitcoin is an ACH/EFT replacement system. Western union could decide to use Bitcoin to transfer money tomorrow and it would still be the same business. They would just be using a different transfer method.
What don't you understand? Why would I pay Western Union $50 to send $1000 via bitcoin if I can do it myself for free. Or at worst 2-3% fee if I purchase bitcoin with my CC.
Western Union is a business. Coinbase is a business.
Bitcoin is a method of transferring value. ACH/EFT is a method of transfering value.
They're not the same thing.
j/k WU profits up 28%.
http://www.marketwatch.com/story/western-unions-profit-rises-28-2015-02-10-164854352
http://www.marketwatch.com/story/western-unions-profit-rises-28-2015-02-10-164854352
you're a douche
How does this relate to Bitcoin in anyway?
Agree, bitcoin is long way to cease WU from existance I've never understood people comparing Bitcoin to a business. Western Union is a business. Bitcoin is an ACH/EFT replacement system. Western union could decide to use Bitcoin to transfer money tomorrow and it would still be the same business. They would just be using a different transfer method.
What don't you understand? Why would I pay Western Union $50 to send $1000 via bitcoin if I can do it myself for free. Or at worst 2-3% fee if I purchase bitcoin with my CC.
Western Union is a business. Coinbase is a business.
Bitcoin is a method of transferring value. ACH/EFT is a method of transfering value.
They're not the same thing.
I've never understood people comparing Bitcoin to a business. Western Union is a business. Bitcoin is an ACH/EFT replacement system. Western union could decide to use Bitcoin to transfer money tomorrow and it would still be the same business. They would just be using a different transfer method.
What don't you understand? Why would I pay Western Union $50 to send $1000 via bitcoin if I can do it myself for free. Or at worst 2-3% fee if I purchase bitcoin with my CC.
I've never understood people comparing Bitcoin to a business. Western Union is a business. Bitcoin is an ACH/EFT replacement system. Western union could decide to use Bitcoin to transfer money tomorrow and it would still be the same business. They would just be using a different transfer method.
if humans really think ... they can replace WU and use BTC instead. 
that it's the subject.
ironically, WU use perhaps BTC (in satoshi mode = 1 BTC = 1 000 000 USD) to transfer freely the cash over country .... and charge with 12% of fee.
that it's the subject.ironically, WU use perhaps BTC (in satoshi mode = 1 BTC = 1 000 000 USD) to transfer freely the cash over country .... and charge with 12% of fee.
How does this relate to Bitcoin in anyway?
j/k WU profits up 28%.
http://www.marketwatch.com/story/western-unions-profit-rises-28-2015-02-10-164854352
http://www.marketwatch.com/story/western-unions-profit-rises-28-2015-02-10-164854352
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