Topic: BITCOIN IS BETTER THAN WESTERN UNION ? - page 53. (Read 70016 times)
One good thing that will make bitcoin stand the test of time is the affordability that it is bringing into the entire trading and general economy of the world. Lots of financial institutions have been enjoying the monopoly and all I can say is the time has come to roll the cheapest reliable and safest way to send money. People who are against the bitcoins are aware that it is bringing a big competition to the trading field. Team bitcoins till the end.
i think bitcoin have 2 benefit than Western union,and this make bitcoin better than western union.
1. low fee,of course western union have huge fee on transaction,and bitcoin not.
2. simple to make account,western union must be register on office,but bitcoin not.
Yeah I will agree with this and Bitcoin transactions need just fraction of second to the beneficiary address. But Western union consuming to much charge as well as late transfer. If you need to flash means We have to pay extra country currency. So Bitcoin is Far better than western union as in that logo. 1. low fee,of course western union have huge fee on transaction,and bitcoin not.
2. simple to make account,western union must be register on office,but bitcoin not.
introduce bitcoin to your family then recomend to use bitcoin for transfer money 
Well my mother sometimes send money to me by deposit she deposit at her currency and the bank convert into the fiat the country im present.I would suggest to my brother to buy bitcoin and send me but as the deposit happens its better way for me.Even when i havent made any calculations about how it would be but im pretty sure that bitcoin buy and send to me then i sell them to other person i will loose more then the rates of the banks conversion.
We all know this that bitcoin is better if you send money.
I am trying now the get my mom in to bitcoin that she can give money to my family with very cheap fees.
I am trying now the get my mom in to bitcoin that she can give money to my family with very cheap fees.
Yeah Bitcoin is better for us to use if we send money, but there just a lot of people who don't know about bitcoin so yeah.
Bitcoin is better than western cause its automqtic to pay your bills , and its easy to use
Of course Bitcoin has many advantages, but the crucial disadvantage of it is that Bitcoin is known and trusted much less than WESTERN UNION. As we all know there are some reasons for this now, but I hope that in the future situation will change in favor of our beloved cryptocoin. )
i think bitcoin have 2 benefit than Western union,and this make bitcoin better than western union.
1. low fee,of course western union have huge fee on transaction,and bitcoin not.
2. simple to make account,western union must be register on office,but bitcoin not.
Both benefits ok but still Western Union is very easy for common man specially in developing countries because most of peoples still not know about bitcoin its still need too much time personally I like bitcoin and now using but still many places where I have to send with banks or western union 1. low fee,of course western union have huge fee on transaction,and bitcoin not.
2. simple to make account,western union must be register on office,but bitcoin not.
Yeah some of me friends are starting with bitcoins and they find it kinda difficult to understand.
Well maybe a year of 20 people will know it.
It's not comparable, both of them are recommended.
not right, there is nothing that bitcoin can not substitute, it's a global means of payment after all
why i should pay more when i pay less, i don't mind waiting a bit more for confirmation if this is your concern, you can wait when you do online spending
WU very useful for someone who doesn't know about the technology and bitcoin,
usually if a person works abroad they will be confused, to send money to their parents,
their parents, can not play bitcoin WU is best choice
well if this is another problem about educating themselves for bitcoin, it's more like their fault than bitcoin itself
i can't see how this is a problem of bitcoin, by learning new stuff they can save more, like it was for email vs fax and stuff like that
bitcoin is the natural next step in the future
for now WU is more accepted in society
i think bitcoin have 2 benefit than Western union,and this make bitcoin better than western union.
1. low fee,of course western union have huge fee on transaction,and bitcoin not.
2. simple to make account,western union must be register on office,but bitcoin not.
Both benefits ok but still Western Union is very easy for common man specially in developing countries because most of peoples still not know about bitcoin its still need too much time personally I like bitcoin and now using but still many places where I have to send with banks or western union 1. low fee,of course western union have huge fee on transaction,and bitcoin not.
2. simple to make account,western union must be register on office,but bitcoin not.
i think bitcoin have 2 benefit than Western union,and this make bitcoin better than western union.
1. low fee,of course western union have huge fee on transaction,and bitcoin not.
2. simple to make account,western union must be register on office,but bitcoin not.
1. low fee,of course western union have huge fee on transaction,and bitcoin not.
2. simple to make account,western union must be register on office,but bitcoin not.
At present you need two bitcoin exchanges to send your money from one country to another. It will take some time to do.
Well if you use two bitcoin exchanges then you will end by paying high fees in these exchanges, if the other party accepts bitcoins then that would be the ideal situation, i think that bitcoin is better that western union because of low fee but not faster.
I recently experienced a overseas money transfer with bitcoin debit card at the receiving side and fiat to bitcoin exchange at the sending side and we saved considerable more with bitcoin comparing with our usual WU transfers. All the above, any-time and convenient are the extra benefits we enjoyed.
This is a rare successfully story which makes us happy when we hear this, bitcoin debit cards has a fee but it's little considering if you send/receive lots of money at least 3-5BTC monthly.
IM very thank's with coindesk
release official news about this ads
http://www.coindesk.com/western-union-faces-backlash-removal-spoof-bitcoin-ad/
release official news about this ads
http://www.coindesk.com/western-union-faces-backlash-removal-spoof-bitcoin-ad/
That is why coindesk is my main news for Bitcoin
It is so handy.Bitcointalk is also good for other news.
IM very thank's with coindesk
release official news about this ads
http://www.coindesk.com/western-union-faces-backlash-removal-spoof-bitcoin-ad/
release official news about this ads
http://www.coindesk.com/western-union-faces-backlash-removal-spoof-bitcoin-ad/
If only my parents and other oldies knew and are able to learn about bitcoins then I can say western union and other remittance service centers have chances of shutting down their business.
Yeah if my mother knew about this that all her money was not a waste. Is just a lot of money to just send and you need to pay 20 dollar to send mabe 2000 dollar of money.
If you mean to compare between bitcoin and Western union as a mean of transfering money , bitcoin is much fewer fees of course but it might does not work with all people as in some countries in order to sell or exchange bitcoin you have to pay some fees which can equal WU fees and you will get the money in a local currency not in dollars like in WU
Let's not forget here that the ultimate goal and point for Bitcoin to exists is for merchants to accept Bitcoin so you don't need to convert to any other currency. This is the whole thing and the real deal: Once you are able to get paid in Bitcoin, and once you are able to buy anything you need with Bitcoin anywhere in the world, it will be pointless to convert to fiat currencies. This is where we should be aiming at.
completely understand that.. but thats the utopian dream of the future. not the reality for today, and i just hate it when people confuse reality with dream scenario
If only my parents and other oldies knew and are able to learn about bitcoins then I can say western union and other remittance service centers have chances of shutting down their business.
You are right when it comes to localbitcoins. But what if in many places in the world there are ATM's that support fiat to Bitcoin and vice versa. If you send some one $1000 worth of Bitcoin with a 0.0001 BTC fee, and the receiver can cash out his coins for fiat in a Bitcoin accepted ATM against a 0.1% fee for example, then it is definitely cheaper.
you actually think that ATM's are only 0.1% fee..
seriously check them out and do a example calculation, especially checking out the spread.. as that is always a hidden difference.
for instance
lets say the prices of bitcoin are:
$330 - bitfinex
$320 -btc-e
$325 - coinbase.
an ATM allows you to buys at bitfinex rate and sell your bitcoin at BTC-e rate..remember, spread is not fee.. so they can play with spread and not even mention fee.. but then separately add on a 0.1% fee after
so say you had $330.33 you would get 1bitcoin.. but then sell it from the exact same ATM machine. you would only get $319.68 back ($10.65 loss) and thats before playing with the volatility of different fiat currency valuations
Let's not forget here that the ultimate goal and point for Bitcoin to exists is for merchants to accept Bitcoin so you don't need to convert to any other currency. This is the whole thing and the real deal: Once you are able to get paid in Bitcoin, and once you are able to buy anything you need with Bitcoin anywhere in the world, it will be pointless to convert to fiat currencies. This is where we should be aiming at.
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