BITCOIN IS BETTER THAN WESTERN UNION ? - page 10.

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Quote from: giveen on March 10, 2017, 10:57:07 AM

Quote from: 1Referee on March 10, 2017, 10:49:36 AM

Every time is a good time to send money through WU for people. WU enjoys the advantage that you can walk into whatever WU point and make a deposit, where after that a person can pick up that money from an other WU point anywhere in the world in form of cash basically a few minutes later. It's a premium service that people are willing to pay for. Tell me, what alternative does Bitcoin offer in this case?

you got one thing wrong if you send money through western union you can accept it from any exchange in the world.

What is wrong according to you? I already pointed out that you can send/pick up your money through WU points. WU point can be a WU branded shop where you can walk into, or just a postal office (or whatever other merchant type) that acts as a WU agent.

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Quote from: giveen on March 10, 2017, 10:57:07 AM

Quote from: 1Referee on March 10, 2017, 10:49:36 AM

Quote from: BeGoods on March 10, 2017, 08:13:40 AM

I think this time is not the time to send money through a third party (WU) because at this moment you can use bitcoin and send the money directly to quickly and easily

Every time is a good time to send money through WU for people. WU enjoys the advantage that you can walk into whatever WU point and make a deposit, where after that a person can pick up that money from an other WU point anywhere in the world in form of cash basically a few minutes later. It's a premium service that people are willing to pay for. Tell me, what alternative does Bitcoin offer in this case?

Yeah that's true and you got one thing wrong if you send money through western union you can accept it from any exchange in the world. And ya the problem with bitcoin is in many places to convert to cash it can lot's of time. But yeah use of both depends on the person situation.

Ofcourse it depends upon the condition of the person who want make deals with how much easy and legality .
I don't mean to say that we have any doubt about the Bitcoin legality and trusty , Here I mean what I want to explain through a single example .
Suppose person A want to send money or payment to the person B . But what happened if the person A belong to that country where use of Bitcoin is legally but use of bitcoin is not legal for the that person B ( example like Russia , Bangladesh ) .
So all it depends upon our condition , Here for myself the Bitcoin is more better then the Fiat that is more practical in practical life in my country .

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Quote from: 1Referee on March 10, 2017, 10:49:36 AM

Quote from: BeGoods on March 10, 2017, 08:13:40 AM

I think this time is not the time to send money through a third party (WU) because at this moment you can use bitcoin and send the money directly to quickly and easily

Every time is a good time to send money through WU for people. WU enjoys the advantage that you can walk into whatever WU point and make a deposit, where after that a person can pick up that money from an other WU point anywhere in the world in form of cash basically a few minutes later. It's a premium service that people are willing to pay for. Tell me, what alternative does Bitcoin offer in this case?

Yeah that's true and you got one thing wrong if you send money through western union you can accept it from any exchange in the world. And ya the problem with bitcoin is in many places to convert to cash it can lot's of time. But yeah use of both depends on the person situation.

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Quote from: BeGoods on March 10, 2017, 08:13:40 AM

I think this time is not the time to send money through a third party (WU) because at this moment you can use bitcoin and send the money directly to quickly and easily

Every time is a good time to send money through WU for people. WU enjoys the advantage that you can walk into whatever WU point and make a deposit, where after that a person can pick up that money from an other WU point anywhere in the world in form of cash basically a few minutes later. It's a premium service that people are willing to pay for. Tell me, what alternative does Bitcoin offer in this case?

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Quote from: Rinder on March 10, 2017, 08:46:25 AM

Quote from: DomainMagnate on March 10, 2017, 07:41:52 AM

Quote from: batang_bitcoin on March 09, 2017, 10:51:51 PM

Too bad I feel sorry on saying this that western union is still better than bitcoin nowadays. Because they had a lot of customers throughout the world and those people doesn't have any knowledge when it comes to bitcoin or crypto currency. But I know one day they will be informed about bitcoin and will even try to use it for remittances.

Just because they have lot of customers doesn't make them better than bitcoin.
Western union is older than bitcoin and they have lot of funds to promote their services on audio visual media.
Have you ever seen a bitcoin ad on tv? obviously not.
Technically bitcoin is far better than Western Union.

Knowing the most people doesnt know crypto world, bitcoin has no use for them, and considering the risk that the bitcoin money can be frozen at the banks might be a huge problem when trying to deal with bitcoin, since bitcoin its considered as ilegal, even with some countries trying to make it legal since they know and saw the power it has already.

Western union is legal, you can transfer any amount legally and no one question you and the amount will deposit in fiat currency no need to convert once again. Bitcoin is not like that we have to convert it in the local exchange. And yes many people don't know what is Bitcoin, so we need more publicity for Bitcoin to the compitate western union.

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Quote from: DomainMagnate on March 10, 2017, 07:41:52 AM

Quote from: batang_bitcoin on March 09, 2017, 10:51:51 PM

Too bad I feel sorry on saying this that western union is still better than bitcoin nowadays. Because they had a lot of customers throughout the world and those people doesn't have any knowledge when it comes to bitcoin or crypto currency. But I know one day they will be informed about bitcoin and will even try to use it for remittances.

Just because they have lot of customers doesn't make them better than bitcoin.
Western union is older than bitcoin and they have lot of funds to promote their services on audio visual media.
Have you ever seen a bitcoin ad on tv? obviously not.
Technically bitcoin is far better than Western Union.

Knowing the most people doesnt know crypto world, bitcoin has no use for them, and considering the risk that the bitcoin money can be frozen at the banks might be a huge problem when trying to deal with bitcoin, since bitcoin its considered as ilegal, even with some countries trying to make it legal since they know and saw the power it has already.

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Quote from: instacalm on January 30, 2017, 02:48:40 PM

I am not fond of the idea of constantly comparing Bitcoin with Paypal, Western Union or other money transfer solutions. Bitcoin is on another level, because it is an idea in itself. Bitcoin as we use it is the first implementation of the idea, thus represents the kickstarter of the very future of cryptograhically secure peer to peer transactions that we see unfolding in increasingly widespread use all over the world.

Yup not all we think about in the bitcoin and also the digital currency could become reality. Because in fact, everyone can benefit in the currencies are those who understand the place and also the best way. There are no rich people who can get the richness of the results, be someone who could embody your greatest dreams. Bitcoin, paypal, western union and also have a target and also different vision so that it is not a problem for all of them

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Quote from: Babayega31 on March 10, 2017, 07:29:57 AM

Yes bitcoin is better than western union because it has fast transactions in using online wallet for sending money or payments online. It has a bigger advantage rather than fiat money transfer due to hassle fees and form to fill out during money transactions. This generation of digital currency brings ideal comfort to everyone who wanted convenience on their entire life and of course it have low fees on every transactions made.

I think this time is not the time to send money through a third party (WU) because at this moment you can use bitcoin and send the money directly to quickly and easily

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Quote from: DomainMagnate on March 10, 2017, 07:41:52 AM

Quote from: batang_bitcoin on March 09, 2017, 10:51:51 PM

Too bad I feel sorry on saying this that western union is still better than bitcoin nowadays. Because they had a lot of customers throughout the world and those people doesn't have any knowledge when it comes to bitcoin or crypto currency. But I know one day they will be informed about bitcoin and will even try to use it for remittances.

Just because they have lot of customers doesn't make them better than bitcoin.
Western union is older than bitcoin and they have lot of funds to promote their services on audio visual media.
Have you ever seen a bitcoin ad on tv? obviously not.
Technically bitcoin is far better than Western Union.

I think bitcoin with WU we can not compare dude. Bitcoin is a currency and WU is not money but a place to save and send money. So should not we debated it again, but if questioning the popularity of course WU better known because of them came first before bitcoin, I guess. So whether or not bitcoin and WU it depends on each individual use them. Because we can not impose the will of others. Thank you

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Quote from: batang_bitcoin on March 09, 2017, 10:51:51 PM

Too bad I feel sorry on saying this that western union is still better than bitcoin nowadays. Because they had a lot of customers throughout the world and those people doesn't have any knowledge when it comes to bitcoin or crypto currency. But I know one day they will be informed about bitcoin and will even try to use it for remittances.

Just because they have lot of customers doesn't make them better than bitcoin.
Western union is older than bitcoin and they have lot of funds to promote their services on audio visual media.
Have you ever seen a bitcoin ad on tv? obviously not.
Technically bitcoin is far better than Western Union.

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Quote from: batang_bitcoin on March 09, 2017, 10:51:51 PM

Too bad I feel sorry on saying this that western union is still better than bitcoin nowadays. Because they had a lot of customers throughout the world and those people doesn't have any knowledge when it comes to bitcoin or crypto currency. But I know one day they will be informed about bitcoin and will even try to use it for remittances.

As you said and I could conclude that western union have many customers because of many people still lack knowledge of bitcoin, but, it's have nothing to do with whether which one of bitcoin and WU is better.
There's many services out there that poorly offered and have many customers meanwhile there's good services that only having low customers also exist, the amount of customers have nothing to do with the quality of the service providers.

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Yes bitcoin is better than western union because it has fast transactions in using online wallet for sending money or payments online. It has a bigger advantage rather than fiat money transfer due to hassle fees and form to fill out during money transactions. This generation of digital currency brings ideal comfort to everyone who wanted convenience on their entire life and of course it have low fees on every transactions made.

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Too bad I feel sorry on saying this that western union is still better than bitcoin nowadays. Because they had a lot of customers throughout the world and those people doesn't have any knowledge when it comes to bitcoin or crypto currency. But I know one day they will be informed about bitcoin and will even try to use it for remittances.

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Quote from: asdalani on March 09, 2017, 09:57:10 PM

Bitcoin is better than Western Union because it isn't only reliable on a single company/business. There might be a couple of people in charge of Western Union though it's only used by people who have no knowledge of Bitcoin and the transactions fees. It just doesn't make any sense why anyone with any knowledge on Bitcoin will try to go back and use Western Union.

Bitcoin is better than Western Union in my opinion. Fast payments are where it's at.

If people would able to know bitcoin and sees its benefits and usage he would not surely comeback to use WU ever again since he could directly tell the difference among the two between convenience and speaking of fess. Bitcoin is much more better than WU. Period.

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Bitcoin is better than Western Union because it isn't only reliable on a single company/business. There might be a couple of people in charge of Western Union though it's only used by people who have no knowledge of Bitcoin and the transactions fees. It just doesn't make any sense why anyone with any knowledge on Bitcoin will try to go back and use Western Union.

Bitcoin is better than Western Union in my opinion. Fast payments are where it's at.

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Quote from: xIIImaL on February 28, 2017, 10:49:36 PM

Quote from: Doms on February 28, 2017, 09:12:33 PM

Western Union still caters to a lot of people and I still see a lot of people queueing in their centers. They are also upgrading because it is not only money remittance service that they accept, but also bills payment and other services. I even saw a Western Union that sells lottery tickets and has a reloading center. This might change in the future as people are becoming more aware of all the other ways in which they can do their transactions. Online is the better and more convenient way and digital currencies are going to make everything much easier.

Before i know the bitcoin, I was working in Oman and every month I use to stand in the line exchange my salary and i use to send it to my parent bank account in my home country. After know bitcoins now buying a bitcoins equal to that and exchange it with my country btc traders. It takes too low fees than this WU, UAE exchange and etc.

Yes,when i was working in dubai,i could remember i stood in a large queue in a exchange to send my salary to india.The fees was 20 dirhams which is equal to 3 dollars.Do you know in bitcoin,it took only 0.12 dollars for me to send the money.Exchanges like western union still survive only due to people who dont know about bitcoins.

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It is because Western union's transaction cost is very high than that of bitcoin. Aside from it, bitcoin is very efficient and convenient. Less hassle.

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Quote from: Pattart on March 09, 2017, 08:51:02 PM

Quote from: kazary on February 28, 2017, 11:03:50 PM

BTC is way better than Western Union because of low fees. It's possible to send much lower amounts without fees

and you do not have to go anywhere to send money you only need gadgets and internet then you can send money anywhere in the world. This is far more sophisticated than WU

This is what I have in mind when I saw this post. Bitcoin is pretty easy to transfer and has low transaction fees the only downside is that sometimes the transactions take a long time to be confirmed and some people don't want that, they want instant money. For me, I would still prefer Bitcoin.

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Quote from: kazary on February 28, 2017, 11:03:50 PM

BTC is way better than Western Union because of low fees. It's possible to send much lower amounts without fees

and you do not have to go anywhere to send money you only need gadgets and internet then you can send money anywhere in the world. This is far more sophisticated than WU

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Quote from: BitcoinFutureCoin on March 09, 2017, 04:28:33 PM

Quote from: Zadicar on March 04, 2017, 02:04:38 AM

Quote from: sportis on March 04, 2017, 01:52:48 AM

Quote from: Doamader on March 02, 2017, 01:05:09 PM

With the huge spam attack over bitcoin network, forcing us to raise fees, is making insane to make any transaction using bitcoin, since regular transaction fees are taking a lot time to be confirmed, and with this bitcoin is loosing its huge advantage of low fees and fast transactions, but well it keeps being better then Western but delay and higger fees arent good for bitcoin.

Of course none wants to pay high transaction fees when uses the bitcoin network. Nowadays, with the surge in bitcoin price there is also a surge in fees where many times last days I have seen is about 200-220sat/bytes. That means about 50000 satoshis for a median transaction, so about 0.63 dollars in today's btc/usd conversion rate. Using western union I am pretty sure there is not a so cheap and quick transaction. In my country because I live in Europe from one place to another, into the same country, the fees are 4 Euros + 2.5%(of the amount).

Even bitcoin transactions fees would rise still its much better compared to western union the amount of fee isnt too high but the main problem would be the confirmation times because if theres a lot of transactions then expect pay for a higher fee to be fast confirmed but still we cant be sure because if the network does have traffic your transaction would be still on delay.

I think that this problem will be fixed soon,I dont know much about that transactons but I think that when there are more mining factories then it is faster to get transaction verified or maybe I said wrong I really dont know.

Wrong, the more mining factories will give nothing and they just give decentralized nodes and it makes the bitcoin network is secure. The large of the block size of bitcoin can increase the transaction for every block. With large of the block size and we can send more transaction.

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