Topic: BITCOIN IS BETTER THAN WESTERN UNION ? - page 59. (Read 70016 times)
Western union has their stores to anyone enter and be able to send any ammount to any part of the world,what bitcoin need is the same thing some local stores to test if people will use it ,even knowing that bitcoin were made to us be able to control our money and do anything we wanna.
If my family in the other country knows how Bitcoin work.
Than it is easy to do and cheaper. But they don't so I do other but not wester union and it cost alot of money to send it :/.
Than it is easy to do and cheaper. But they don't so I do other but not wester union and it cost alot of money to send it :/.
Welcome to Bitcoin community!! Now you have a mission - teach your family and spread the word. It is our target. I'm doing this everywhere, where i can. The best is to start with family.. Year ago they was laughing because even when they seen some informations about BTC it was missing them.. Now i see that they asking me about more details.. When your family see that can save money with that, maybe will start using BTC. It is how to begin way to mainstream..
Exactly more and more get into bitcoins it would hit the mainstream for sure, and ofcourse bitcoins is best as compared to western union as western union charges heavily for their transactions where is sending via bitcoins is very cheap and time saving, So I bet bitcoiner's would never get into the door steps of western union for sending money for sure
Did you noticed that the fee is raising year by year?Countries are taking a bigger fee every year,soo why wouldnt happen with bitcoin it must keep alive and with network protect it otherwise would die very fast.Wester union has their costumers and some of them are using bitcoin now and saving those 3% in small ammounts would mean almost nothing now consider something like 10k usd 300 dollars is something to spend at anything for sure.
My second ask
how if bitcoin price hit $50.000 and minimal fee= $5 (10.000 satosi)
how if bitcoin price hit $50.000 and minimal fee= $5 (10.000 satosi)
you just reduce your fee to 1k satoshi or lower, even right now i'm fine with 1k, transaction are confirmed as a planned, there is no need to do a 10k
While we debate about Bitcoin versus Western Union, MoneyGram who is Western Union competitor said bitcoin will fail a week ago 
What do you think about it? I think they afraid bitcoin'll destroy their business
http://www.coindesk.com/moneygram-bitcoin-fail-disrupt-remittances/
What do you think about it? I think they afraid bitcoin'll destroy their business
http://www.coindesk.com/moneygram-bitcoin-fail-disrupt-remittances/
Ofcourse it is just trolling. They are afraid! Not only they.. all banksters are afraid. It will be the end of business like this.. Ofcourse they can exist but like little bar with hamburgers and chips against McDonalds
While we debate about Bitcoin versus Western Union, MoneyGram who is Western Union competitor said bitcoin will fail a week ago
What do you think about it? I think they afraid bitcoin'll destroy their business
http://www.coindesk.com/moneygram-bitcoin-fail-disrupt-remittances/
What do you think about it? I think they afraid bitcoin'll destroy their business
http://www.coindesk.com/moneygram-bitcoin-fail-disrupt-remittances/
If my family in the other country knows how Bitcoin work.
Than it is easy to do and cheaper. But they don't so I do other but not wester union and it cost alot of money to send it :/.
Than it is easy to do and cheaper. But they don't so I do other but not wester union and it cost alot of money to send it :/.
Welcome to Bitcoin community!! Now you have a mission - teach your family and spread the word. It is our target. I'm doing this everywhere, where i can. The best is to start with family.. Year ago they was laughing because even when they seen some informations about BTC it was missing them.. Now i see that they asking me about more details.. When your family see that can save money with that, maybe will start using BTC. It is how to begin way to mainstream..
At present, the price of bitcoin is too volatile. For example, if you want to transfer $500, you buy the bitcoin at $500, and get 1 bitcoin. You then send 1 bitcoin to your family. When they want to cash in, the price has changed to $350. You lost $150 in the process. So application of bitcoin in remittance will only work when the price of bitcoin is more stable.
My second ask
how if bitcoin price hit $50.000 and minimal fee= $5 (10.000 satosi)
how if bitcoin price hit $50.000 and minimal fee= $5 (10.000 satosi)
Firstly, this will not happen in the near future. But even it will happen Bitcoin still will be a better option regarding fees.
If you want to transfer $200 with WESTERN UNION the minimal fee (3 business days) would be $8.00
My second ask
how if bitcoin price hit $50.000 and minimal fee= $5 (10.000 satosi)
how if bitcoin price hit $50.000 and minimal fee= $5 (10.000 satosi)
Western they get their profits from the exchange and the high fees taken on each exchange.They need to readjust their fees to avoid bankrupt,and well when people know and trust that they can send money to family ,making their money worth much more will be one hard way to wester recover the hit they got now and will keep loosing costumers slowly.
If I we're to choose between fee's to pay between Western Union and sending Bitcoins, I'll go for Bitcoins since fees are so minimal, while in terms of accessibility, I'll go for Wester Union, maybe thats the reason why we are paying high fees with those remittance companies like WU.
Western Union has his days numbered. They are not going to adapt, they will fight till the death, till they go bankrupt. They will go against Bitcoin no matter what, because if they adapt they lose money (the money they make on fees).
eventually everyone will lose money if they are going to do a fight against bitcoin and bitcoin will be the winner, i can only see visa and mastercard withstand this, because they are monstrously big
it must be said that in the future fee of bitcoin will increase if we want the price to increase, you can always pay zero fees, but it will slow down everything..
Western Union has his days numbered. They are not going to adapt, they will fight till the death, till they go bankrupt. They will go against Bitcoin no matter what, because if they adapt they lose money (the money they make on fees).
for them bitcoin is a serious threat. that's why you are right with saying they will fight it till they reach out of money. people will stop using western union once they find out bitcoin is far better and cheaper.
Western Union & PayPal are probably the 2 main organisation's who should be worried about bitcoin, even morecso than fiat banks. They are going to be in serious trouble if/when bitcoin achieves mainstream adoption.
Western Union has his days numbered. They are not going to adapt, they will fight till the death, till they go bankrupt. They will go against Bitcoin no matter what, because if they adapt they lose money (the money they make on fees).
Bitcoin is cheaper, faster and more convenient than Western Union. You can do it all from home or any other place you like. No restrictions where you wanna send or when you wanna send. Western Union and Money Gram are Dinosaurs which are going to day the next couple of years imo. Foreign remittances is one of the markets where Bitcoin will have a huge and tremendous impact.Especially when developing countries start to accept Bitcoin as second curreny for instance.Then no conversion needs to take place.
If my family in the other country knows how Bitcoin work.
Than it is easy to do and cheaper. But they don't so I do other but not wester union and it cost alot of money to send it :/.
Than it is easy to do and cheaper. But they don't so I do other but not wester union and it cost alot of money to send it :/.
This why I like bitcoin. It is not that expensive to give money in other country.
I dont use western union but I use other and always I need to fill the form and sign it.
I dont use western union but I use other and always I need to fill the form and sign it.
Western Union has horrible fees compared to Bitcoin. Simply put, Bitcoins is a step ahead of Western Union in a digitized/virtual form, with 10x lesser fees to be paid for remitting large amounts. I'd prefer Bitcoin over Western union any day, considering that the other party also is ready to accept Bitcoins for receipts.
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