BITCOIN IS BETTER THAN WESTERN UNION ? - page 40.

nejibens

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Quote from: tommorisonwebdesign on February 11, 2016, 04:31:23 PM

I would much perfer people sending me money via Bitcoin as opposed to Western Union. WU, PayPal and Visa and MasterCard are afraid of bitcoin and how it could cause those organizations to go bankrupt in a few years. In the future, everything else will be obsolete.

I also prefer using Bitcoin instead western union and banking accounts or cards, because it's easiest with very low fee and also we could support the Bitcoin this way

Anddos

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Quote from: tommorisonwebdesign on February 11, 2016, 04:31:23 PM

I would much perfer people sending me money via Bitcoin as opposed to Western Union. WU, PayPal and Visa and MasterCard are afraid of bitcoin and how it could cause those organizations to go bankrupt in a few years. In the future, everything else will be obsolete.

Oh, I hope that happens. Especially our friend Paypal. It would be a hard blow but in the end it'll be all right.

tommorisonwebdesign

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I would much perfer people sending me money via Bitcoin as opposed to Western Union. WU, PayPal and Visa and MasterCard are afraid of bitcoin and how it could cause those organizations to go bankrupt in a few years. In the future, everything else will be obsolete.

Zeke2345

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Around my way its the Filipino nannies that slave 12+ hours a day 7 days a week that line up to use Western Union and send most of what they make back home.
If we could tap into that alone bitcoin would do amazing things since every dollar counts. Western Union charges them roughly $15 to send but still.

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Quote from: elizabethqueen on February 08, 2016, 09:10:17 PM

yes we all agree with that,bitcoin is better than western union from transaction fee and speed,i just got it. and they both are same,being used for terorist funds,is western union blamed because this?because bitcoin is blamed Sad

We all know that terrorists don't use only bitcoin to raise fund, but petrol, wester union, cash etc. Bitcoin is the smallest piece of the puzzle, and not always bitcoin has a good reputation in the media

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yes we all agree with that,bitcoin is better than western union from transaction fee and speed,i just got it. and they both are same,being used for terorist funds,is western union blamed because this?because bitcoin is blamed Sad

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Quote from: blunderer on February 07, 2016, 06:15:19 PM

Bitcoin is better if you need BTC (for alpaca socks/other legit DNM purchases); WU is better if you need money (gas/food/real, reasonably-drugs).

I LOL'ed, you sir deserve a BTC medal! This thread keeps going on an on with spammers blabbing about the "virtues" of Bitcoin when they've never had to spend them in real life, I doubt 99% of them hold even 1 BTC.

Blazed

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Quote from: ShrykeZ on February 07, 2016, 06:17:07 PM

Quote from: Anddos on February 07, 2016, 05:46:57 PM

Yeah, except that you can put bitcoin in escrow until the transaction is confirmed, but with western union your money is sent and you don't know if the other party will keep their deal.

One of the main reasons I've never had to and never will use WU, Bitcoin is vastly superior.

Currently, they are totally different services when it comes down to it. Give Bitcoin another year or 2 and we will get to the point where it beats it in every way hopefully. If someone is not in a rush for the cash then Bitcoin wrecks WU easy. If you need cash in hand fast then bitcoin is 50/50 depending on where you live. I personally can not get Bitcoin and convert it to cash the same day...only turn it into electronic money.

ShrykeZ

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Quote from: Anddos on February 07, 2016, 05:46:57 PM

Yeah, except that you can put bitcoin in escrow until the transaction is confirmed, but with western union your money is sent and you don't know if the other party will keep their deal.

One of the main reasons I've never had to and never will use WU, Bitcoin is vastly superior.

blunderer

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Bitcoin is better if you need BTC (for alpaca socks/other legit DNM purchases); WU is better if you need money (gas/food/real, reasonably-drugs).

Anddos

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Yeah, except that you can put bitcoin in escrow until the transaction is confirmed, but with western union your money is sent and you don't know if the other party will keep their deal.

mtnsaa

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Quote from: gentlemand on February 07, 2016, 03:38:29 PM

Quote from: Hellacopter on February 07, 2016, 03:34:48 PM

I don't think that there is nowadays a real problem about convert the Bitcoins into fiat anytime, there is any trusted exchange platforms online, and even some famous ewallets (like Payza..) accept the deposit by Bitcoin directly

Western Union - I walk 20 metres in any settlement in the world with a code and walk out with some cash one minute later.

Bitcoin - wait five days to get verified on an exchange. fail verification. Give up. Arrange to meet some sweaty guy from localbitcoins. Chicken out.

WU sucks and sucks your money away. It also just works.

Lol exactly, I've been saying this for months but this thread is just a bunch of spammers going on an on with its trumpet of BS about Bitcoin. Bitcoin may be a great idea and innovative tech but it's far from providing the same service of Western Union, and like I said, it's not just my opinion, it's a fact. Western Union is still in business.

Go ahead create your own company, Bitcoin based and see how much money you lose each week by exchaging fiat to btc back to fiat in an office.

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Quote from: Hellacopter on February 07, 2016, 03:34:48 PM

I don't think that there is nowadays a real problem about convert the Bitcoins into fiat anytime, there is any trusted exchange platforms online, and even some famous ewallets (like Payza..) accept the deposit by Bitcoin directly

Western Union - I walk 20 metres in any settlement in the world with a code and walk out with some cash one minute later.

Bitcoin - wait five days to get verified on an exchange. fail verification. Give up. Arrange to meet some sweaty guy from localbitcoins. Chicken out.

WU sucks and sucks your money away. It also just works.

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Quote from: Daimon88 on February 07, 2016, 12:11:37 PM

Bitcoin is incomparable to bitcoin in the fees and in the simplicity and ease of use, it's fees are small compared to the huge western union fees and it just needs an internet connection rather than going to a western union point etc... however western union ends up with cash directly while the receiver of a bitcoin payment would still need to exchange it to USD.

I don't think that there is nowadays a real problem about convert the Bitcoins into fiat anytime, there is any trusted exchange platforms online, and even some famous ewallets (like Payza..) accept the deposit by Bitcoin directly

mtnsaa

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Quote from: harrymmmm on February 06, 2016, 10:14:21 AM

Specific examples are always better to use to evaluate a premise like this.

In light of rebit.ph partnership with cebuana cashout points recently announced the current comparison for sending money to the Philippines is:
Via western union: 5% commission to WU, 5% commission to cebuana. Total (approx) 10% loss
Via bitcoin/rebit.ph: ~1% commission to rebit, 3% commission to cebuana. Total (approx) 4% loss.

'Course in the bitcoin case there might be an extra 1% to get the bitcoin if you don't already have them.

I think that little extra is what makes or break a business. People here are still babbling about Bitcoin being better but they are comparing apples to oranges. Western Union provides a complete different service that's why it is more "expensive". If you could consider what it takes to provide the same service with Bitcoin it will be much more expensive I guarantee it. The fact that there's no service like this and Western Union (and many others) are still in business is proof enough. If you are unsure and think Bitcoin is better and more profitable, then just go ahead and create your own company Bitcoin based, you will become a instant millionaire right?

Daimon88

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Bitcoin is incomparable to bitcoin in the fees and in the simplicity and ease of use, it's fees are small compared to the huge western union fees and it just needs an internet connection rather than going to a western union point etc... however western union ends up with cash directly while the receiver of a bitcoin payment would still need to exchange it to USD.

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Quote from: Pattart on February 07, 2016, 06:44:15 AM

Quote from: Blazed on February 07, 2016, 01:15:46 AM

Quote from: Zaragota95 on February 07, 2016, 01:11:04 AM

BTC is faster, easier to use and much more convenient IMO, I don't know why people use WU now with BTC being that much better.

Depends on the situation. If someone sends Western Union I can go pick up cash and spend it right away. If someone sends Bitcoin I have to convert it and that adds costs and time. I can not sell Bitcoin for cash in my area...

if bitcoin has been accepted by everyone of course it would be easier. and for now. I think it is not too difficult to convert bitcoin to fiat money, no fee is high in the exchange or withdraw

That's true the credits are instant to your bank accounts when you convert your bitcoins to fiat currency and with least transaction fees, So I believe bitcoin is superior in compare to WU as the fees of WU are too high.

Pattart

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Quote from: Blazed on February 07, 2016, 01:15:46 AM

Quote from: Zaragota95 on February 07, 2016, 01:11:04 AM

BTC is faster, easier to use and much more convenient IMO, I don't know why people use WU now with BTC being that much better.

Depends on the situation. If someone sends Western Union I can go pick up cash and spend it right away. If someone sends Bitcoin I have to convert it and that adds costs and time. I can not sell Bitcoin for cash in my area...

if bitcoin has been accepted by everyone of course it would be easier. and for now. I think it is not too difficult to convert bitcoin to fiat money, no fee is high in the exchange or withdraw

zergenyt09

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Much better IMO, Western Union fees are more comical than serious with a % of the money taken also the difficulty in completing the transaction in specialized places, bitcoin is open and in the internet, easier IMO.

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Quote from: Cyaren on February 05, 2016, 06:20:37 PM

Yeah WU charges a lot of fees for their services also it's not as convenient and it can be used by carders to cashout their CC.

Bitcoin is a lot more convenient, and faster too.

yes bitcoin is better than western union because bitcoin is very faster than from western union and very cheap , more comfortable , very low cheap fees from western union then bitcoin is better than western union

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