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Topic: BITCOIN IS BETTER THAN WESTERN UNION ? (Read 70016 times)

full member
Activity: 465
Merit: 100
April 02, 2018, 04:51:15 PM
It is obviously that bitcoin surpassed the western union already. In fact, if you are going to check the charge for every transaction bitcoin was  very low cost of charge while in western is vice versa. when it comes for security, it is very safe and secured because we are the one who hold our own private key and the password and many more.
member
Activity: 350
Merit: 10
January 25, 2018, 11:03:03 AM
i think it is good question.....bitcoin always above of all site it is my hope ........and many people knows bitcoin ........bitcoin is better than western union.............
full member
Activity: 238
Merit: 101
Escorting Meets The Sharing Economy
January 25, 2018, 09:55:19 AM
I'm not that familiar with how Western Union works but I'd like to give them both props for providing services which are easily available in the market. I love how Bitcoin is decentralized. However, it would be much better if Western Union will integrate the blockchain on its system and see from there how this fintech would improve their already good service.
member
Activity: 140
Merit: 11
Heya Homies
January 25, 2018, 09:32:10 AM
woah  Shocked this post was way back 2015 and it is good to see that most of these users are now high-ranked. Hero and Legendary
going to the question, Western union or other similar services usually take 1–5% for a transfer of money while by Bitcoin the usual transaction fee is a couple of cents and you can even pay less if you’re not in a hurry. so I think bitcoin transfer is better

Who are you transferring btc with? "a couple of cents".
You may get someone new to buy in with that story but, the txn fees are astronomical and you know it.
newbie
Activity: 21
Merit: 0
January 25, 2018, 09:27:02 AM
woah  Shocked this post was way back 2015 and it is good to see that most of these users are now high-ranked. Hero and Legendary
going to the question, Western union or other similar services usually take 1–5% for a transfer of money while by Bitcoin the usual transaction fee is a couple of cents and you can even pay less if you’re not in a hurry. so I think bitcoin transfer is better

Probably it is better to check how much are current bitcoin fees.

For a WU transfer of 1000EUR between an EU countries towards China or Canada is in the 2-3% area. If you send lower amount, the overall fee is in the 5-7% area

Current fees on bitcoin transfer are higher than WU ones. Probably only for transfer over 5k € bitcoin costs less than WU
newbie
Activity: 98
Merit: 0
January 25, 2018, 06:50:17 AM
That is true, i experience many transactions with WU, and it is super slow transaction, unlike the blockchain of bitcoin very fast.
member
Activity: 296
Merit: 13
January 25, 2018, 06:46:42 AM
Bitcoin is a lot better than Western Union because of several reasons. Bitcoin does not require anymore a centralize system or a middleman to process everything because any transfer can be done direct or straight to the receiver as well as payments can be sent directly to the merchants anytime. It is time efficient and cost efficient also plus the fact that you are sending money from your hard work.
member
Activity: 157
Merit: 10
January 24, 2018, 09:22:52 PM
You cannot really compare Bitcoin with Western Union, they are too different, they basically have nothing in common except the possibility of transferring value. But Bitcoin has ended up BEING the value, Western Union just transfers value.
member
Activity: 266
Merit: 10
January 23, 2018, 09:35:13 PM
Bitcoin is really better than western union because you don't need to stand in queue just to to be serve by the attendant. We can do the transaction at the comfort of our home. So it is saving us time and we can attend to our other investments and chores.
member
Activity: 210
Merit: 26
High fees = low BTC price
January 23, 2018, 09:11:23 PM
woah  Shocked this post was way back 2015 and it is good to see that most of these users are now high-ranked. Hero and Legendary
going to the question, Western union or other similar services usually take 1–5% for a transfer of money while by Bitcoin the usual transaction fee is a couple of cents and you can even pay less if you’re not in a hurry. so I think bitcoin transfer is better

Holly shit batman I knew my computer had a virus when you said " Bitcoin the usual transaction fee is a couple of cents!"  Cheesy Cheesy Cheesy

The forkers have even taken over my calculator and here I was thinking that two weeks ago a single transaction fee just to send
$10.00 to my mum had cost me $37.94  Cheesy Cheesy Cheesy how stupid could I be, you saved my life so let me kiss you  Kiss
member
Activity: 210
Merit: 26
High fees = low BTC price
January 23, 2018, 09:04:02 PM
Between WU and Bitcoin, it is Bitcoin even when the fees were at their highest point. It's just such a massive ripoff, unbelievable.

Yes WU you put money or gold in and you got money or gold out minus fees

Here you put money in and you get tokens out so "massive ripoff, unbelievable" and that just for sending 250 bytes of electronic
data and we know Bitcoin will always be around because today you can walk into any flower shop and still buy a Tulip
full member
Activity: 294
Merit: 102
January 23, 2018, 08:52:35 PM
Bitcoin pass western union is really surprising but i think since bitcoin start it has the potential to surpass WU, WU has a 3rd party in every transaction unlike bitcoin that it is a peer to peer transaction there is no 3rd parties in every transaction you make. But i don't think that it is this soon that bitcoin will surpass WU. But it's okay as long as bitcoin is doing good and we are profiting from it.  Smiley
member
Activity: 322
Merit: 10
January 23, 2018, 08:47:13 PM
woah  Shocked this post was way back 2015 and it is good to see that most of these users are now high-ranked. Hero and Legendary
going to the question, Western union or other similar services usually take 1–5% for a transfer of money while by Bitcoin the usual transaction fee is a couple of cents and you can even pay less if you’re not in a hurry. so I think bitcoin transfer is better
newbie
Activity: 32
Merit: 0
January 23, 2018, 08:41:54 PM
Between WU and Bitcoin, it is Bitcoin even when the fees were at their highest point. It's just such a massive ripoff, unbelievable.
full member
Activity: 168
Merit: 102
January 23, 2018, 08:34:10 PM
Bitcoin is not so good as Western union and also it can't be cause of popularity and also western union trusted. Bitcoin is good for transactions but can't compete western union anyway.
full member
Activity: 352
Merit: 100
January 23, 2018, 07:58:45 PM
Fort sure it WAS better than Western Union, now with the outrageous fees that Bitcoin recently has, I am not so sure any more... Well, let's say that I'd still prefer Bitcoin over Western Union to transfer money, but I hope Bitcoin won't go further on the way of unusability, otherwise Western Union will end up winning this comparison.
member
Activity: 322
Merit: 10
January 22, 2018, 10:02:54 AM
Western union charges high but they take responsibility even if something goes wrong and the money hasn't got credited, also technologically lacking people too can use bitcoin unlike our bitcoin.
full member
Activity: 406
Merit: 100
January 22, 2018, 09:31:36 AM
For now is not necessary better. I mean the fees are smaller but it will be better after people start to recognize it. Not everyone recognize bitcoin
member
Activity: 266
Merit: 10
January 22, 2018, 09:29:58 AM
 Bitcoin is much fewer fees of course but it might does not work with all people as in some countries in order to sell or exchange bitcoin you have to pay some fees which can equal WU fees and you will get the money in a local currency not in dollars like in WU
sr. member
Activity: 686
Merit: 253
January 15, 2018, 03:01:05 AM
Bitcoin is better than any other money remittance like western union.
Because western union is just a way of sending and receiving money but bitcoin is the process by which we earn the money that we send or we will receive. Bitcoin is not a remmitance or just a way of sending and receiving money.

That is correct, even though there are higher transaction fees on bitcoin it is still cheaper to send money overseas with it than western union and the other fiat payment processors around the world. For safety and security i also think bitcoin is better than western union because the transactions are peer to peer basis and so the funds go straight to the beneficiary without going to a third party.
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