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Topic: BITCOIN IS BETTER THAN WESTERN UNION ? - page 2. (Read 70016 times)

member
Activity: 364
Merit: 11
January 15, 2018, 02:11:45 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.
member
Activity: 266
Merit: 10
January 14, 2018, 09:22:29 PM
Bitcoin is better than western union in a way that you don't need to gout of your house to do the transaction using bitcoin. With western union of course you need to go out and sometimes stand in a queue and wait for your turn. So that means to need to spend longer time with western union.
newbie
Activity: 38
Merit: 0
January 14, 2018, 09:13:11 PM
Depends on what do you want to do, for low transactions I think Western Union is better but for larger bitcoin has the point.
jr. member
Activity: 168
Merit: 3
January 14, 2018, 09:08:35 PM
Yes bitcoin more better than western union in many ways,
- bitcoin no need verification like your national indentity card and ect.
- bitcoin is easy to use.
- the transaction very fast.
-the fee is cheap.
-and it is easly to withdraw.

But still many people using western union because the lack of knowledge about the bitcoin and still many country not make the bitcoin legal.
jr. member
Activity: 203
Merit: 3
January 14, 2018, 09:06:23 PM
Bitcoin has better chances to stay in a long term than Western Union for sure, the thing that WU is already an stablished company sucks.
newbie
Activity: 28
Merit: 0
January 14, 2018, 08:55:56 PM
I'd rather be paid in the western union. Thank you very much.
newbie
Activity: 308
Merit: 0
January 14, 2018, 08:28:10 PM
Bitcoin is far better to say the fact, transactions in bitcoin these days are getting a bit slower though not withstanding am ok with that. The transaction fee is way too better than Western Union.
rfj
full member
Activity: 214
Merit: 100
January 14, 2018, 02:24:14 AM
Bitcoin transfer fees is lower compare to Western Union.
Bitcoin needs lesser effort to do than to Western Union.
But it takes skilled sender and receiver when you do transaction under bitcoin than in Western Union.
newbie
Activity: 238
Merit: 0
January 14, 2018, 01:28:47 AM
when it comes to transferring, Bitcoin has definitely taken over others such as the Western Union and American Express etc.
It is still not that much recognized but soon Bitcoin will overtake others in this business as well.
newbie
Activity: 79
Merit: 0
January 11, 2018, 10:18:00 AM
Bitcoin allows you a effortless union and Bitcoin is easy to access.And though I haven't tried it yet.
newbie
Activity: 21
Merit: 0
January 11, 2018, 10:09:59 AM
I think bitcoin is better because bitcoin paid high interest than western union and bitcoin is easy to access. Bitcoin allows you a effortless and paperless trasaction so it is more convenient.
When your money is invested in bitcoin it will get a high profit than you invest in western union. If you are planning to invest your money I suggest that invest it in bitcoin and when you get your profit stuck it at the bank.

Sorry, but I'm not catching your point

We are talking about a comparison between Bitcoin as a payment method in comparison with Western Union, which is another payment method. We are not talking about "investing" in Western Union or in Bitcoin

Current high volatility of Bitcoin is changing its nature, to be considered more like a "Financial asset" instead of a payment instrument. And, due to current high volatility, the usage of bitcoin as payment method has more problem

If I have to invest my money, I take in consideration bitcoin together with other asset classes. But it's another topic. Here we are talking about payment methods

sr. member
Activity: 699
Merit: 438
January 10, 2018, 09:07:12 AM
I think bitcoin is better because bitcoin paid high interest than western union and bitcoin is easy to access. Bitcoin allows you a effortless and paperless trasaction so it is more convenient.
When your money is invested in bitcoin it will get a high profit than you invest in western union. If you are planning to invest your money I suggest that invest it in bitcoin and when you get your profit stuck it at the bank.
newbie
Activity: 21
Merit: 0
December 29, 2017, 01:23:06 PM
Bitcoin as a payment system is wonderful

Even if in these weeks there are some problems which should be taken in consideration

1. Fees amount, for low amount transfer, are higher than WU
2. Volatility. If I want to send 1000 USD, sender and receiver should be aligned in order to convert Btc in USD or other fiat. Otherwise they will be exposed to FX change and related risk
3. Both sender and receiver should be skilled on how to handle bitcoin

Just IMHO. Open to discuss
full member
Activity: 359
Merit: 100
Reinventing Decentralised Finance on BSC
December 29, 2017, 01:00:34 PM
I think so. Though I haven't tried it yet. But it is better specially when you are sending money internationally. Sending money out of the country is very costly. Because of P2P network, sending Bitcoin is cheaper than sending money thru Money transfer.
newbie
Activity: 11
Merit: 0
December 29, 2017, 12:56:10 PM
Yeah totally better than because no fomarlity and easily to make a transfer.
hero member
Activity: 686
Merit: 502
December 28, 2017, 07:25:02 AM
Bitcoin and other crypto currencies are being won from the banking system of consumers with their money.Money transfer services "Western Union" and others, outlived themselves. They can not successfully compete in the market of P2P payments.
member
Activity: 196
Merit: 10
December 28, 2017, 04:02:54 AM
In my opinion, Bitcoins is better than western union! Western Union was one of the holy grails of international transfers however, its cost too high to be a good alternative. Bitcoin is a cryptocurrency which has its own existence independent of any other currencies. Maybe in the coming years Bitcoin will dominate this remittance market.
newbie
Activity: 322
Merit: 0
December 28, 2017, 03:22:06 AM
Bitcoin is the best transfer method when comparing to Western Union. Bitcoin transfer fee is low & cheaper than WU. Further more bitcoin transfer is very secure & fast method since it became more popular platform.
newbie
Activity: 31
Merit: 0
December 28, 2017, 02:59:19 AM
Western Union settled on a fine of $586 million due to allegations of criminal laundering... which makes me think .. how much money was being laundered?
Therefore for me bitcoin is better
hero member
Activity: 826
Merit: 529
December 27, 2017, 12:39:06 AM
That's the spirit, day by day Bitcoin is becoming a popular platform and that's a probe. I think people are getting engaged in this platform. they are using and collecting Bitcoin for the payment method.
Not only that but also Bitcoin is becoming a profitable currency so that people are getting involved in this system.
Hopefully, Bitcoin will provide better service than any other system in the coming future. Your mentioned chart is enough to prove this prediction that Bitcoin will dominate in the coming monetary platform.
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