BITCOIN IS BETTER THAN WESTERN UNION ? - page 25.

stromma44

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Quote from: 1Referee on May 12, 2016, 02:34:27 AM

Quote from: Cyaren on May 12, 2016, 02:26:52 AM

Quote from: Dekker3D on May 12, 2016, 01:51:59 AM

Yes definitely, lower transaction fees and faster as well. Only that WU is well advertised to common people than bitcoin. If only bitcoin is as well known as WU then most will use it.

WU is advertised everywhere while bitcoin is advertised almost nowhere. I think you're right in that sense.

But once we raise the awareness of BTC then I'm sure people will start adopting it more. Then we'll see WU die.

It won't be that easy. WU has plenty of licenses in each country they operate in to be somewhat of a lone runner when it comes to their type of doing business. You can't permanently make WU vanish, and there is really no need for that. Bitcoin can function perfectly fine alongside WU. Not sure why people want Bitcoin to replace fiat, PayPal, WU, banks, etc. Bitcoin is here and it's working, so use it!!

Yeah people will use with they comfortable are, bitcoin transactions fees is low where as WU has huge fees, once people will get aware about bitcoin, they will surely switch from WU to bitcoin.

delliaerd

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Quote from: ObscureBean on May 12, 2016, 02:26:19 AM

I would consider Bitcoin to be better than Western Union if I could send BTC directly to someone's bank account or PayPal etc ready for them to use in the form of their local currency or if the receiver could cash out instantly in his/her local currency. Right now Western Union is definitely more practical but I'm sure we'll see new services pop up over the next few years that will allow Bitcoin to better compete with these types of services.

I am totally agree with you, i more like bitcoin rather than PayPal. But it doesn't mean i hate PayPal. I just like bitcoin because it more give me many benefits and very profitable to invest.

1Referee

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Quote from: Cyaren on May 12, 2016, 02:26:52 AM

Quote from: Dekker3D on May 12, 2016, 01:51:59 AM

Yes definitely, lower transaction fees and faster as well. Only that WU is well advertised to common people than bitcoin. If only bitcoin is as well known as WU then most will use it.

WU is advertised everywhere while bitcoin is advertised almost nowhere. I think you're right in that sense.

But once we raise the awareness of BTC then I'm sure people will start adopting it more. Then we'll see WU die.

It won't be that easy. WU has plenty of licenses in each country they operate in to be somewhat of a lone runner when it comes to their type of doing business. You can't permanently make WU vanish, and there is really no need for that. Bitcoin can function perfectly fine alongside WU. Not sure why people want Bitcoin to replace fiat, PayPal, WU, banks, etc. Bitcoin is here and it's working, so use it!!

Cyaren

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Quote from: Dekker3D on May 12, 2016, 01:51:59 AM

Yes definitely, lower transaction fees and faster as well. Only that WU is well advertised to common people than bitcoin. If only bitcoin is as well known as WU then most will use it.

WU is advertised everywhere while bitcoin is advertised almost nowhere. I think you're right in that sense.

But once we raise the awareness of BTC then I'm sure people will start adopting it more. Then we'll see WU die.

ObscureBean

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I would consider Bitcoin to be better than Western Union if I could send BTC directly to someone's bank account or PayPal etc ready for them to use in the form of their local currency or if the receiver could cash out instantly in his/her local currency. Right now Western Union is definitely more practical but I'm sure we'll see new services pop up over the next few years that will allow Bitcoin to better compete with these types of services.

Dekker3D

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Yes definitely, lower transaction fees and faster as well. Only that WU is well advertised to common people than bitcoin. If only bitcoin is as well known as WU then most will use it.

xIIImaL

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Quote from: PsursV on May 12, 2016, 01:03:39 AM

i think there is no competition between western union and bitcoin. i think both have their own value. as bitcoin is still not available in every where whereas western union is almost available in every big banks. but we cannot say about future may be in future bitcoin replace by western union

Bitcoin is more and more better than western union, but for the facilities like western union is also required. As even in countries where illiteracy persists, western union is well-known there and everyone use that. Bitcoin must also have to establish like that.

Wendigo

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Quote from: knowhow on May 11, 2016, 04:27:42 PM

Quote from: romero121 on May 04, 2016, 09:17:04 AM

Quote from: LCSociety on May 04, 2016, 06:53:09 AM

It's the worlds most efficient value transmission system, and will become even more valuable when the rate of BTC-to-BTC transactions surpasses BTC-to-FIAT transactions.

Once this happens, we'll begin to experience the 'true' value of the blockchain

Now itself users had understood the real value of Blockchain and truly in days the real transactions which is happening at a reasonable price is expected to go low than the present upon the increasing adoption.

Well one thing is to send bitcoins to other with a low cost another thing is to exchange those bitcoins into fiat,soo the fee you will pay may be bigger then the fee provided by western union,can anyone tell me the fee of a 500 dollars from western to some poor country or not developed country.

If you are sending money to a poor and not developed country it's very likely that they don't use Bitcoin there or if they do it would be hard to find someone to help you with exchanging the Bitcoins back to fiat. I doubt there will be any working Bitcoin exchanges or ATM's or even Localbitcoins users so Western Union would be the only viable way of sending money to such countries. However I do believe that usually the fee to exchange Bitcoins to fiat will still be lower than the fee to send money that Western Union is charging.

By the way there is a fee estimator on the Western Union site for different countries which are listed on the very bottom. You can check out for yourself Wink

PsursV

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i think there is no competition between western union and bitcoin. i think both have their own value. as bitcoin is still not available in every where whereas western union is almost available in every big banks. but we cannot say about future may be in future bitcoin replace by western union

trickytricky

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western union a rip off

darcycooper

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OF COURSE! Grin

Akupuniard

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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 trasactions but can't compete western union anyway.

knowhow

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Quote from: romero121 on May 04, 2016, 09:17:04 AM

Quote from: LCSociety on May 04, 2016, 06:53:09 AM

It's the worlds most efficient value transmission system, and will become even more valuable when the rate of BTC-to-BTC transactions surpasses BTC-to-FIAT transactions.

Once this happens, we'll begin to experience the 'true' value of the blockchain

Now itself users had understood the real value of Blockchain and truly in days the real transactions which is happening at a reasonable price is expected to go low than the present upon the increasing adoption.

Well one thing is to send bitcoins to other with a low cost another thing is to exchange those bitcoins into fiat,soo the fee you will pay may be bigger then the fee provided by western union,can anyone tell me the fee of a 500 dollars from western to some poor country or not developed country.

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Quote from: LCSociety on May 04, 2016, 06:53:09 AM

It's the worlds most efficient value transmission system, and will become even more valuable when the rate of BTC-to-BTC transactions surpasses BTC-to-FIAT transactions.

Once this happens, we'll begin to experience the 'true' value of the blockchain

Now itself users had understood the real value of Blockchain and truly in days the real transactions which is happening at a reasonable price is expected to go low than the present upon the increasing adoption.

BitHodler

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Quote from: avw1982 on April 22, 2016, 11:15:39 AM

Quote from: ekoice on April 22, 2016, 10:10:24 AM

Bit coin is better only because its all online and transactions are smooth and cost effective since no office or money transfer charges are to be beared but on other side western union is better as well service wise and they are the one who introduced fast money transfer phenomena to the people of the world.

Bitcoin is really better than western union. as western union has so high transaction fees.. unlike bitcoin. so cheap. fast and less hassle. so i never use westeern union after i know about bitcoin.

Transaction costs of WU might be much higher than the fees of Bitcoin, but when you send $1000 you know the other person receives the full $1000.

With Bitcoin in just a minute the price can get dumped down 5%. Which means that your $1000 will come through as $950 if the person in question cashes out the coins.

LCSociety

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It's the worlds most efficient value transmission system, and will become even more valuable when the rate of BTC-to-BTC transactions surpasses BTC-to-FIAT transactions.

Once this happens, we'll begin to experience the 'true' value of the blockchain

avw1982

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Quote from: ekoice on April 22, 2016, 10:10:24 AM

Bit coin is better only because its all online and transactions are smooth and cost effective since no office or money transfer charges are to be beared but on other side western union is better as well service wise and they are the one who introduced fast money transfer phenomena to the people of the world.

Bitcoin is really better than western union. as western union has so high transaction fees.. unlike bitcoin. so cheap. fast and less hassle. so i never use westeern union after i know about bitcoin.

delliaerd

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Quote from: Digital_Lord on April 18, 2016, 07:23:39 AM

Quote from: Shinpako09 on April 16, 2016, 07:28:29 PM

Yes bitcoin is better than western union when it comes in other things. We got a lower transaction fee and you can remain anonymous. But you will still use Western union, they are one option to convert your btc into fiat. Still the same or even Western is more ahead of popularity in overseas workers.

we can exchange bitcoin to fiat money with other mathods also. we don't depends on only westren union. we can directly exchange them. we can use paypal also which is connected to our bank account. we can trade bitcoin to fiat. there are lots of method for bitcoins.

That is right, dude .. we can exchange bitcoin in to the fiat by western union. but, usually when i want to sell my bitcoin, i just sent some amount of my bitcoin to him, he i very trusted . So i don't need to use western union to exchange my bitcoin. But western union, still used by me for another activities.

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Quote from: ekoice on April 22, 2016, 10:10:24 AM

Bit coin is better only because its all online and transactions are smooth and cost effective since no office or money transfer charges are to be beared but on other side western union is better as well service wise and they are the one who introduced fast money transfer phenomena to the people of the world.

Indeed, its a lot faster than other currency's and also the fact is that the bitcoin has a much better security, its not limited to any country.
You can use the bitcoin in every country so that is pretty sweet if you ask me, you can easily transfer money to a relative, pretty fast, with western union this is not the case at all..

ekoice

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Bit coin is better only because its all online and transactions are smooth and cost effective since no office or money transfer charges are to be beared but on other side western union is better as well service wise and they are the one who introduced fast money transfer phenomena to the people of the world.

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