BITCOIN IS BETTER THAN WESTERN UNION ? - page 41.

Blazed

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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...

Zaragota95

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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.

BlackPanda

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Quote from: Mitchow on February 06, 2016, 04:01:35 PM

Quote from: BlackPanda on February 06, 2016, 10:28:33 AM

Quote from: heldertb on February 05, 2016, 10:00:43 PM

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.

yeah bitcoin is better than western union. bitcoin charge a lot of fees less but western union charge a lot of fess . when people use bitcoin this time not feel more problem .

yes transaction cost is still a constraint in western union. if we choose bitcoin as a medium of payment of the costs of the transaction fee bitcoin will not be felt at all. bitcoin transaction fee is very cheap.

Yes and people who are into bitcoins will never enter the doorsteps of western union, as the fees are high, and the online transfer process is very time consuming, where as bitcoin transactions are fast with minimum cost and credits are instant.

everyone wants to find the ease, speed and cost. it's all on bitcoin. bitcoin has it all.

BitMaxz

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Happy New year 🤗

Quote from: Scream on February 05, 2016, 09:30:03 PM

Quote from: BitMaxz on February 05, 2016, 07:13:29 PM

For me bitcoin is always better than western union because i have a lots of things that i want in bitcoins than western if you use the bitcoin for transact money to another country you don't need to fillup a paper or to put your all information before you send it or receive it and bitcoin don't need
Identification to claim the money. Here in my country you can instantly withdraw the money without card bank account its instant to withdraw it.
Western i think you need to wait for a days before you claim the money..

The problem in bitcoin transaction is the people who receipt bitcoin is not know how bitcoin work and not interesting to use bitcoin...

sometimes people didn't know anything about bitcoin....then he use Western union

Well its easy if there is a sponsor to advertise it in Television and i think they will understand it easily, we need to have some sponsors for guidance for every country to teach people how to use bitcoins for transaction all over the world.
So we need guide and advertisement just like western union when they starting their business before they do this first guide and advertisement.
So people can understand how bitcoin works..

blunderer

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Quote from: Laosai on February 06, 2016, 04:23:17 PM

Quote from: blunderer on February 06, 2016, 10:38:57 AM

Quote from: CrimBit on October 21, 2015, 01:40:42 AM

...

Obsolete image. Bitcoin tx price went up x4! Shocked

Update plz.

Lol! Yeah! Absolutely obsolete image!

Imagine, price went up 4 times, it means it's no longer 0.01$ but 0.04$!

Is it still worth compared to WU? I guess question can be asked...

But do people actually use WU to send non-emergency money? I used it once in my life, always assumed it was for emergencies, like being stranded in the boonies without any cash/wallet/even gas money (no, don't ask Angry

). You know, like calling mom/dad/friend/ collect type of a thing.
Meaning situations when getting BTC would be pretty pointless.
One of the reasons BTC remittance businesses fold is ...bulk of the costs is actually on the ground/brick/mortar/regulations/bags of filthy fiat etc.

Laosai

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Quote from: blunderer on February 06, 2016, 10:38:57 AM

Quote from: CrimBit on October 21, 2015, 01:40:42 AM

...

Obsolete image. Bitcoin tx price went up x4! Shocked

Update plz.

Lol! Yeah! Absolutely obsolete image!

Imagine, price went up 4 times, it means it's no longer 0.01$ but 0.04$!

Is it still worth compared to WU? I guess question can be asked...

Mitchow

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Quote from: BlackPanda on February 06, 2016, 10:28:33 AM

Quote from: heldertb on February 05, 2016, 10:00:43 PM

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.

yeah bitcoin is better than western union. bitcoin charge a lot of fees less but western union charge a lot of fess . when people use bitcoin this time not feel more problem .

yes transaction cost is still a constraint in western union. if we choose bitcoin as a medium of payment of the costs of the transaction fee bitcoin will not be felt at all. bitcoin transaction fee is very cheap.

Yes and people who are into bitcoins will never enter the doorsteps of western union, as the fees are high, and the online transfer process is very time consuming, where as bitcoin transactions are fast with minimum cost and credits are instant.

blunderer

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Quote from: CrimBit on October 21, 2015, 01:40:42 AM

...

Obsolete image. Bitcoin tx price went up x4! Shocked

Update plz.

BlackPanda

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Quote from: heldertb on February 05, 2016, 10:00:43 PM

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.

yeah bitcoin is better than western union. bitcoin charge a lot of fees less but western union charge a lot of fess . when people use bitcoin this time not feel more problem .

yes transaction cost is still a constraint in western union. if we choose bitcoin as a medium of payment of the costs of the transaction fee bitcoin will not be felt at all. bitcoin transaction fee is very cheap.

harrymmmm

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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.

heldertb

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Blockchain-based Financial Ecosystem

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.

yeah bitcoin is better than western union. bitcoin charge a lot of fees less but western union charge a lot of fess . when people use bitcoin this time not feel more problem .

Scream

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Quote from: BitMaxz on February 05, 2016, 07:13:29 PM

For me bitcoin is always better than western union because i have a lots of things that i want in bitcoins than western if you use the bitcoin for transact money to another country you don't need to fillup a paper or to put your all information before you send it or receive it and bitcoin don't need
Identification to claim the money. Here in my country you can instantly withdraw the money without card bank account its instant to withdraw it.
Western i think you need to wait for a days before you claim the money..

The problem in bitcoin transaction is the people who receipt bitcoin is not know how bitcoin work and not interesting to use bitcoin...

sometimes people didn't know anything about bitcoin....then he use Western union

ajun96

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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.

yeah my friend, use western union to take money from a credit card belonging to someone else. I do not know how it works
true, wu too many transaction costs and that blind people do not like and switch

BitMaxz

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Happy New year 🤗

For me bitcoin is always better than western union because i have a lots of things that i want in bitcoins than western if you use the bitcoin for transact money to another country you don't need to fillup a paper or to put your all information before you send it or receive it and bitcoin don't need
Identification to claim the money. Here in my country you can instantly withdraw the money without card bank account its instant to withdraw it.
Western i think you need to wait for a days before you claim the money..

ftwbtc1

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Bitcoin simply needs that one app or service to simplify the transactions and then it will be far more successful than Western Union or any money remittance system. There are companies working on this innovation everyday and it is only a matter of time.

salinizm

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Quote from: CrimBit on October 21, 2015, 01:40:42 AM

while you know how to use bitcoin, this is so stupid paying commission to western union..

Cyaren

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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.

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Quote from: Nameless Coin on February 05, 2016, 02:37:10 PM

Bitcoin outcompetes every major payment system.
Paypal, Western Union, even the Credit card companies. there is just a lack of promotion to make bitcoin go mainstream.

It doesn't outcompete any one of them because it doesn't provide the same service, not even by a mile. Go and buy Bitcoin with fiat, then send it, then exchange it back to fiat in a window or ATM where you get cash and come back and tell me which service is cheaper and easier. That's why average persons don't care about Bitcoin at all, it's just pointless for them, they would just use Paypal, CCs or even Western Union once in a while.

Nameless Coin

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Bitcoin outcompetes every major payment system.
Paypal, Western Union, even the Credit card companies. there is just a lack of promotion to make bitcoin go mainstream.

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Quote from: lexuz on February 05, 2016, 01:51:40 PM

i guess one factor why bitcoin is better than western union, when you use bitcoin only need 1 hour to send your money to your friend or family. it will help in urgent situation.

Yes the speed is good, but for me the most important thing is that it's having control over your money.
Just transfer your money, no hassle or whatsoever.

Topic: BITCOIN IS BETTER THAN WESTERN UNION ? - page 41. (Read 70016 times)