Finally some words of wisdom in this thread after a cataract of denial, Bitcoin might be an unique technology and disruptive idea but it's not as cheap or easy to work with for most people.
Bottomline is, the numbers just don't work, if they did Western Union would be out of business. Establishing a similar service with Bitcoin would cost much more I'm sure as I detailed in many of my posts. And remember Western Union even has brand recognition, so that's a huge plus.
Topic: BITCOIN IS BETTER THAN WESTERN UNION ? - page 51. (Read 70016 times)
18 pages and counting and you are still debating how Western Union should not exist. It exist because it provides a service that Bitcoin can't. Cash in a window, few questions asked, that's it. Poor, uneducated people will use that for centuries. And there are a lot of them.
Go do your math and establish a local office/exchange with Bitcoins and see how it goes after fees and price volatility.
imo the only thing western union has over bitcoin is the prevention of price volatility. thats a huge reason why people choose not to use bitcoin. Go do your math and establish a local office/exchange with Bitcoins and see how it goes after fees and price volatility.
hugroll
have you ever converted your taive currency using western union where someone the other end receives their native(different) currency.
bitcoin says there are 0 fee's.. but thast just juggling facts and hiding one hand behind your back.. EG the spread of buying bitcoin and selling it, is more than a couple percent. and the native currency conversion is gapped aswell.
and so i dare you to pick 2 countries and do a test (not with real cash, just using WU calculator).. then i want you to do that same 2 country test where bitcoin is the middleman. and show how much native currency the recipient will end up with.
I have never used western union and reading your stories i will propably never use them.
Even for international transfer by bank the fees are just too much.
Bitcon wins every time.
Even for international transfer by bank the fees are just too much.
Bitcon wins every time.
The way Western Union deals with their fees, makes them too expensive. People who make international transfer a lot will and know bitcon will never use them.
It's too much of an hassle, bringing ID going there and initiate a transfer.
Which bitcoin it's just a matter of seconds and it cost only a fraction of the fee.
It's too much of an hassle, bringing ID going there and initiate a transfer.
Which bitcoin it's just a matter of seconds and it cost only a fraction of the fee.
I really believe that western union will be partner with bitcoin converting the bitcoin into fiat with a small fee instead the big one they charge at fiat,that will be a win-win situation soo wester union keep their costumers and bitcoin community can now easy send and receive and convert theri bitcoin into fiat,but well they must have this vision on the next years otherwise ,WU may be closing doors soon.
Either this or they will have to come up with an own version of a blockchain or whatever makes them faster and cheaper.Fact is WU and MG have to do something.
And Bitcoin will definitely take some of their market shares.People would be dumb not to use it. But it will take time and lots of effort to achieve that goal.
I really believe that western union will be partner with bitcoin converting the bitcoin into fiat with a small fee instead the big one they charge at fiat,that will be a win-win situation soo wester union keep their costumers and bitcoin community can now easy send and receive and convert theri bitcoin into fiat,but well they must have this vision on the next years otherwise ,WU may be closing doors soon.
Something is clear, they have to reinvent themselves if they want to stay in business, and getting rid of Bitcoin will not work, so being collaborative is on their own interest. Im afraid they will not tho, and will put on a fight till the end, so interesting times ahead.
Yeah even I believe they will come up with something more realistic and innovative idea to outshine in the market because by now I am sure Bitcoin has become a threat to all these expensive money exchangers and now for WU the situation is either partner with BTC or pack up your old school techniques of looting money and come up with better and cheap exchange rates.
The thing is, most peiple still doesn't know how to use bitcoin nor have some knowledge about the basics of using it, so they would still probably use or utilize WU in order for them to transfer funds from all over the globe. WU is still one of the leading players in money remittance, and people would need to educate themselves first before they can shift to using bitcoins.
Yea since it is easy to send, without giving personal information... but people still using these services (bank transfers, etc)
I really believe that western union will be partner with bitcoin converting the bitcoin into fiat with a small fee instead the big one they charge at fiat,that will be a win-win situation soo wester union keep their costumers and bitcoin community can now easy send and receive and convert theri bitcoin into fiat,but well they must have this vision on the next years otherwise ,WU may be closing doors soon.
Something is clear, they have to reinvent themselves if they want to stay in business, and getting rid of Bitcoin will not work, so being collaborative is on their own interest. Im afraid they will not tho, and will put on a fight till the end, so interesting times ahead.
Yeah even I believe they will come up with something more realistic and innovative idea to outshine in the market because by now I am sure Bitcoin has become a threat to all these expensive money exchangers and now for WU the situation is either partner with BTC or pack up your old school techniques of looting money and come up with better and cheap exchange rates.
I really believe that western union will be partner with bitcoin converting the bitcoin into fiat with a small fee instead the big one they charge at fiat,that will be a win-win situation soo wester union keep their costumers and bitcoin community can now easy send and receive and convert theri bitcoin into fiat,but well they must have this vision on the next years otherwise ,WU may be closing doors soon.
Something is clear, they have to reinvent themselves if they want to stay in business, and getting rid of Bitcoin will not work, so being collaborative is on their own interest. Im afraid they will not tho, and will put on a fight till the end, so interesting times ahead.
I really believe that western union will be partner with bitcoin converting the bitcoin into fiat with a small fee instead the big one they charge at fiat,that will be a win-win situation soo wester union keep their costumers and bitcoin community can now easy send and receive and convert theri bitcoin into fiat,but well they must have this vision on the next years otherwise ,WU may be closing doors soon.
No doubt about it. 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.
all people need instant transactions. people do not want to wait. WU too many rules and complicatedonly with bitcoin we can solve the problem
People use western how many years already they exist?They do a service and just,to they stay alive they must add at their currencies bitcoin,this way they wont lost more and more costumers on the next years.Bitcoin is full advantage againd western union,but the simple fact there is no store to convert bitcoin with a small fee make the bitcoin loose full power and potencial to replace WU.
18 pages and counting and you are still debating how Western Union should not exist. It exist because it provides a service that Bitcoin can't. Cash in a window, few questions asked, that's it. Poor, uneducated people will use that for centuries. And there are a lot of them.
Go do your math and establish a local office/exchange with Bitcoins and see how it goes after fees and price volatility.
imo the only thing western union has over bitcoin is the prevention of price volatility. thats a huge reason why people choose not to use bitcoin. Go do your math and establish a local office/exchange with Bitcoins and see how it goes after fees and price volatility.
I agree that's basically the main issue but it's not a small one. A company that want to establish a competition will have to deal with that without losing money. If you can have several branches where people can go and turn cash from one window to another (and converted into Bitcoin in the process) that would be perfect. The problem is that when you open offices, pay employees, have security guards (in different countries...) guess what you have? Bitcoin Union!
110% better
Western Union employees are mostly stupid, ignorant or both.
They service is even more worse. I've tried to sent money 2 times and both times I stepped out to another bank.
The first time was because of the fees
The second time the woman at the counter was too stupid and i had to explain everything twice.
Western Union employees are mostly stupid, ignorant or both.
They service is even more worse. I've tried to sent money 2 times and both times I stepped out to another bank.
The first time was because of the fees
The second time the woman at the counter was too stupid and i had to explain everything twice.
Bitcoin wins in terms of speed, pricing, anonymity and usage.
I can't believe people are still using Western Union for bank transfers. Their prices/fees are really ridiculous..
I can't believe people are still using Western Union for bank transfers. Their prices/fees are really ridiculous..
18 pages and counting and you are still debating how Western Union should not exist. It exist because it provides a service that Bitcoin can't. Cash in a window, few questions asked, that's it. Poor, uneducated people will use that for centuries. And there are a lot of them.
Go do your math and establish a local office/exchange with Bitcoins and see how it goes after fees and price volatility.
imo the only thing western union has over bitcoin is the prevention of price volatility. thats a huge reason why people choose not to use bitcoin. Go do your math and establish a local office/exchange with Bitcoins and see how it goes after fees and price volatility.
18 pages and counting and you are still debating how Western Union should not exist. It exist because it provides a service that Bitcoin can't. Cash in a window, few questions asked, that's it. Poor, uneducated people will use that for centuries. And there are a lot of them.
Go do your math and establish a local office/exchange with Bitcoins and see how it goes after fees and price volatility.
Go do your math and establish a local office/exchange with Bitcoins and see how it goes after fees and price volatility.
No doubt about it. 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.
yeah LOL even in the county western union now been closed( true story) because there is rarely a customer 
maybe the people in my area already know about bitcoin
Bitcoin can be anywhere from any country all is required is some local exchange to convert the bitcoin into their fiat,till the day we will be able to pay with bitcoin anywhere ,western union and banks will keep loosing their costumers to bitcoin ,slowly.
Of course! The fees on western union are a god damn joke, sooo high. Bitcoin really is an awsome way for paying freelancers, your family abroad and every other thing.
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