BITCOIN IS BETTER THAN WESTERN UNION ? - page 13.

noormcs5

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Quote from: BossMacko on February 04, 2017, 12:52:34 PM

Why are you comparing Bitcoin and Western Union? Not all people are using Bitcoin so they are using Western Union or other remittance center. I am using both if the person use Bitcoin then i send it using my bitcoin wallet, but if the person doesn't have Bitcoin then i used Western Union , Cebuanna or even a bank transfer.

We comparison Bitcoin with Western Union, Because in bitcointalk everyone know about bitcoin, and many members are here who use bitcoin for amount transfer. That's why we are discussion this topic. But also in my view, bitcoin is more better than Western Union, because i have used bitcoin for amount transfer with a less fee. But when i didn't know about bitcoin than i was also used Western Union.

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Quote from: Zadicar on February 04, 2017, 09:18:55 PM

Quote from: iqlimasyadiqa on February 04, 2017, 08:54:44 PM

Quote from: bitbunnny on February 04, 2017, 07:45:23 PM

I think that the main mistake is to compare the Bitcoin as a cryptocurrency with services like Western Union, PayPal or others. You can't compare two totaly different things with different purposes. Western Union is international service for sending money that has its bad sites, like big fees, but in general it's very convenient. Bitcoin is cryptocurrency that can be used as payment method, not a money service and the purpose is completely different.

I agree with you . both are different things. each has differences, advantages and disadvantages.
we can not equate digital currency by means of payment. bitcoin and western union developed in a different era.

Yes we cant compare the two since they are different things but we do compare them on regarding on money transfers which do we could really compare and i could say bitcoin is really much better regarding on the convenience it gave and most of all on the transaction fees its really small compared on those money remitances like WU.

Of course we can compare Western Union and bitcoin in many ways. Whatever which have store of value can be compared.
- global volume of value involve just like what Op mentioned
- money transfer (send and receive in worldwide)

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Quote from: iqlimasyadiqa on February 04, 2017, 08:54:44 PM

Quote from: bitbunnny on February 04, 2017, 07:45:23 PM

I think that the main mistake is to compare the Bitcoin as a cryptocurrency with services like Western Union, PayPal or others. You can't compare two totaly different things with different purposes. Western Union is international service for sending money that has its bad sites, like big fees, but in general it's very convenient. Bitcoin is cryptocurrency that can be used as payment method, not a money service and the purpose is completely different.

I agree with you . both are different things. each has differences, advantages and disadvantages.
we can not equate digital currency by means of payment. bitcoin and western union developed in a different era.

Yes we cant compare the two since they are different things but we do compare them on regarding on money transfers which do we could really compare and i could say bitcoin is really much better regarding on the convenience it gave and most of all on the transaction fees its really small compared on those money remitances like WU.

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Quote from: bitbunnny on February 04, 2017, 07:45:23 PM

I think that the main mistake is to compare the Bitcoin as a cryptocurrency with services like Western Union, PayPal or others. You can't compare two totaly different things with different purposes. Western Union is international service for sending money that has its bad sites, like big fees, but in general it's very convenient. Bitcoin is cryptocurrency that can be used as payment method, not a money service and the purpose is completely different.

I agree with you . both are different things. each has differences, advantages and disadvantages.
we can not equate digital currency by means of payment. bitcoin and western union developed in a different era.

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Quote from: bitbunnny on February 04, 2017, 07:45:23 PM

I think that the main mistake is to compare the Bitcoin as a cryptocurrency with services like Western Union, PayPal or others. You can't compare two totaly different things with different purposes. Western Union is international service for sending money that has its bad sites, like big fees, but in general it's very convenient. Bitcoin is cryptocurrency that can be used as payment method, not a money service and the purpose is completely different.

I think as you know that bitcoin has many functions, including services to send money? so I think bitcoin can be compared to services such as western union, and bitcoin better than western union, paypal, etc

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I think that the main mistake is to compare the Bitcoin as a cryptocurrency with services like Western Union, PayPal or others. You can't compare two totaly different things with different purposes. Western Union is international service for sending money that has its bad sites, like big fees, but in general it's very convenient. Bitcoin is cryptocurrency that can be used as payment method, not a money service and the purpose is completely different.

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Quote from: Osarman on February 04, 2017, 02:38:06 PM

yeah bitcoin is really too much better than Western Union because bitcoin transaction is much more faster and bitcoin transaction fees is very much lower than western union and we can send our bitcoin to anywhere in any amount.

You completely ignore the main purpose of people using Western Union. People walk into a WU point to bring in a certain amount of money, where that same amount of money can be picked up elsewhere in the world by a known person in a matter of minutes. In some cases people also happen to use WU to pay whatever bills with cash money, where they walk into a WU point, deposit the amount to cover the bill and hand over the exact details, and WU takes care of everything. With Bitcoin if you send a certain amount of money, you are subject to the volatility that might lower the initial sending amount. In that regard, the fees of WU aren't that bad after all since you're guaranteed to get what is being sent.

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Quote from: Osarman on February 04, 2017, 02:38:06 PM

yeah bitcoin is really too much better than Western Union because bitcoin transaction is much more faster and bitcoin transaction fees is very much lower than western union and we can send our bitcoin to anywhere in any amount.

or can be more flexible you can send money from anywhere, not having to go out and find work to send money, such as systems belonging to western union.
you only need to use the gadgets and the internet

calkob

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Most bitcoiners already know that and dont need to be told this over and over again...... :)Lol

iMaster

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Seriously what kind of question is this? I checked Western Union rates today.
If you want to send 100$ you have to pay 15$ fee. If you want to send 1000$ then you have to pay 53$ fee. You have to even pay 305$ fee to send 7500$. You can send 7500$ worth of Bitcoin for just less than 1$. Yeah, Bitcoin is better than Western Union, Paypal and all other crooks.

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Not only has it surpassed the Western Union, which is obviously huge, but it is close to passing Discover in activity! That is really nice to see, and I can't wait to see bitcoin rise up on that list until it can look down

on the rest of them and laugh Cheesy

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Quote from: Osarman on February 04, 2017, 02:38:06 PM

yeah bitcoin is really too much better than Western Union because bitcoin transaction is much more faster and bitcoin transaction fees is very much lower than western union and we can send our bitcoin to anywhere in any amount.

Even WU transactions are fast and instant but the only reason why bitcoin holds an upper hand over WU is because of low transaction fees involved in it as WU has a very high fees and users have to pay it as they don't have any other option but when they will be aware about bitcoins I am pretty sure that they will stop using WU and will switch to bitcoins.

Osarman

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yeah bitcoin is really too much better than Western Union because bitcoin transaction is much more faster and bitcoin transaction fees is very much lower than western union and we can send our bitcoin to anywhere in any amount.

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That actually depends on the situation. WU offer money transfer with a very low fees. For domestic transfer, WU offers transfer fees of less than half a dollar. So WU is definitely better for domestic transfer needs.

However, bitcoin is better for international transfer than WU. Even if you have to shell out a good amount in fees and exchange rates, Bitcoin offers faster processing of transactions. But the involvement of third parties for a bitcoin transfer is none. Third party will be involved if you want to convert it to fiat which again attract exchange fees.

BossMacko

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Why are you comparing Bitcoin and Western Union? Not all people are using Bitcoin so they are using Western Union or other remittance center. I am using both if the person use Bitcoin then i send it using my bitcoin wallet, but if the person doesn't have Bitcoin then i used Western Union , Cebuanna or even a bank transfer.

thunderbitz2717

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We have many remittances outlet here in my country, So I think western union can over take by bitcoin when it comes to money transferring. For every transaction charge in bitcoin it is very low, according to the member in cryptocurrency. And I do believed in that matter because it has other features that can be useful sooner or later in our lives.

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Quote from: barnes13 on January 31, 2017, 10:23:02 PM

Wester Union is for people who didn't know Bitcoin or for people who still difficulties with internet access, if they know about Bitcoin they will change the payment to Bitcoin, Bitcoin is more lower fee than other payment method. Bitcoin is better than Western Union in fee transaction.

Absolutely right, people well known by Western Union, but everyone don't know by bitcoin. That's why bitcoin is better for bitcoin's users and Western Union is better for everyone who don't know about bitcoin. But i believe in the coming years, bitcoin's users number will be increased than majority of the people will use bitcoin for amount transfer with less fee.

dearbesz1219

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Here in my country place, I think all the remittances that we had it here will adopt the and accepted bitcoin, many of the families here are working in the other nation as an OFW. There love ones who left here was often wait for the money transfer from the other country, and remittances here was spread out nationwide, But in the near future I do believed Bitcoin will be the best for them to use as money transfer to their families. So western union is possible to be disappear in the long run, this is only my thoughts and opinion.

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Quote from: Fredomago on January 31, 2017, 10:25:56 PM

Quote from: barnes13 on January 31, 2017, 10:23:02 PM

Wester Union is for people who didn't know Bitcoin or for people who still difficulties with internet access, if they know about Bitcoin they will change the payment to Bitcoin, Bitcoin is more lower fee than other payment method. Bitcoin is better than Western Union in fee transaction.

thats the big reason why we need to open their minds allowing them to understand that btc is more lower in terms of service fee and its really more convenient its their own way to transfer money like banks do, more easy if they got some time to understand and also easy if internet is available from their places.

Yes, it can be an easy thing to understand, but those having advantages with western union won't explain to people the bitcoin method to send money easy and simple. I see many citizens of Africa using this method as they don't know bitcoins yet, just now they start discovering this.
Facebook can be a good media to introduce those persons to crypto currency, as I see they asking for donations via western union there.

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Quote from: barnes13 on January 31, 2017, 10:23:02 PM

Wester Union is for people who didn't know Bitcoin or for people who still difficulties with internet access, if they know about Bitcoin they will change the payment to Bitcoin, Bitcoin is more lower fee than other payment method. Bitcoin is better than Western Union in fee transaction.

thats the big reason why we need to open their minds allowing them to understand that btc is more lower in terms of service fee and its really more convenient its their own way to transfer money like banks do, more easy if they got some time to understand and also easy if internet is available from their places.

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