Topic: BITCOIN IS BETTER THAN WESTERN UNION ? - page 67. (Read 70016 times)
Western union is definitely much worst than Bitcoin with the fees but in terms of acceptance rate, WU still wins. WU allows the transfer of fiat directly which doesn't require the user to exchange it to fiat before using it. As of now, the adoption rate is still very low for Bitcoin. It can be solved by using a company to send but it would require trust on that company.
It is ridiculous Western Union still exist, they were most expencive 15 years ago and they are still now. Why people don't open eyes and use other ways to send money worldwide? They really dont care, for huge fees?
Convenience. It may cost like a mofo but there really aren't too many other options in certain scenarios.
It is ridiculous Western Union still exist, they were most expencive 15 years ago and they are still now. Why people don't open eyes and use other ways to send money worldwide? They really dont care, for huge fees?
i support bitcoin but this image is bullshit.
you should not ignore the difficulties to exchange bitcoin back to fiat in most of the countries in the current world (even in the western countries), and the bigger is the amount and the bigger are the problems
you should not ignore the difficulties to exchange bitcoin back to fiat in most of the countries in the current world (even in the western countries), and the bigger is the amount and the bigger are the problems
why you should exchange bitcoin to fiat, bitcoin was not meant for that as a final target, it was meant to be used directly, which will help the buyers sustaining the market, because no more dumping will put a pressure on them
Guys don't even get me started on Western Union. I mean banks are something, but these guys are worse than banks, governments and drug dealers together with their insane fees.
Yes. This is what I somewhat also think. WU is very evil, especially when it comes to fees. It doesn't even make sense to use it unless you're really out of options. Luckily with Bitcoin and the start of the cryptocurrency revolution the industry is shifting. WU either needs to adapt or stay behind. High fees should be a think of the past. 
I think it's quite irrational to compare between western union and bitcoin, bitcoin better in most aspect than western union such as transaction time, fees, transaction limit & other else.
Western union still win in few aspect because they send fiat which can be used anywhere.
When bitcoin is commonly used by many people, western union & it's friends will dead
Western union still win in few aspect because they send fiat which can be used anywhere.
When bitcoin is commonly used by many people, western union & it's friends will dead
Yes. Bitcoin is much better and more convenient by all means when we comparing it to Western Union. Bitcoin is border-less. You can send and receive everywhere in the world with very less transaction fees. Bitcoin will replace Western Union kind of physical money transfer services as well Paypal kind of internet services too.
Pretty much everything is better than western union if you have the choice.
i support bitcoin but this image is bullshit.
you should not ignore the difficulties to exchange bitcoin back to fiat in most of the countries in the current world (even in the western countries), and the bigger is the amount and the bigger are the problems
you should not ignore the difficulties to exchange bitcoin back to fiat in most of the countries in the current world (even in the western countries), and the bigger is the amount and the bigger are the problems
I think it's quite irrational to compare between western union and bitcoin, bitcoin better in most aspect than western union such as transaction time, fees, transaction limit & other else.
Western union still win in few aspect because they send fiat which can be used anywhere.
When bitcoin is commonly used by many people, western union & it's friends will dead
Western union still win in few aspect because they send fiat which can be used anywhere.
When bitcoin is commonly used by many people, western union & it's friends will dead
Bitcoin may become better than Western Union for money transfer.
There are reasons why Western Union is still around. We will have to see how Western Union adapts to the changed environment once Bitcoin usage becomes more widespread.
There are reasons why Western Union is still around. We will have to see how Western Union adapts to the changed environment once Bitcoin usage becomes more widespread.
Western Union can either choose to assimilate Bitcoin or fight it if it begins cutting into the remittance business too heavily. If you could use Western Union like a Bitcoin ATM both Western Union and Bitcoin could be mutually beneficial. That would be difficult in places like New York, but half the exchanges simply refuse to do business with New York residents, and Western Union could do the same.
Bitcoin may become better than Western Union for money transfer.
There are reasons why Western Union is still around. We will have to see how Western Union adapts to the changed environment once Bitcoin usage becomes more widespread.
There are reasons why Western Union is still around. We will have to see how Western Union adapts to the changed environment once Bitcoin usage becomes more widespread.
The rates quoted at OP are for US, which is lower than most other countries
I've used WU before during business trips to some countries in Africa and Middle East, the rates were quite outrageous
and some of those countries were amongst the poorest ones
Agreed, for many developed countries there are things like Local Bitcoins, ATMs, btc debit cards and so on.
for the developing ones this is still lacking but I've noticed an ever increasing interest by local businessmen who are starting to see the advantages of bitcoin, hopefully that will translate into more practical usage of btc in those places soon
I've used WU before during business trips to some countries in Africa and Middle East, the rates were quite outrageous
and some of those countries were amongst the poorest onesUntil Bitcoin can be redeemed at countless thousands of street corners around the globe, it most definitely isn't better than WU. It is in concept, and even more so if there wasn't any need to convert it, but it remains a theoretical advantage for now.
Agreed, for many developed countries there are things like Local Bitcoins, ATMs, btc debit cards and so on.
for the developing ones this is still lacking but I've noticed an ever increasing interest by local businessmen who are starting to see the advantages of bitcoin, hopefully that will translate into more practical usage of btc in those places soon
The only plus of Wester Union is that you got your money in a standard you can spend right away, for anything without need of conversion or using exchanges. You can't buy everything directly for bitcoin yet.
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ofcourse im agree, with all of bitcoin benefits, it made transaction simply and take lower fee than any other service, thats why im still using bitcoin as my primary payment proceccor (for now), and dont want to use any shitty service like paypal or western union
Bitcoin is better than western union, its faster, more secure, you don't need to fill lot of documentation id. Western Union also has a very high fee. If you use it to pay a product that you bought in another country it can be that the fee is higher than the product price.
The only problem that bitcoin has against western union or other companies its that people that use it normaly don't use bitcoins in his daily basics or haven't a bitcoin atm near to cash it.
The only problem that bitcoin has against western union or other companies its that people that use it normaly don't use bitcoins in his daily basics or haven't a bitcoin atm near to cash it.
Guys don't even get me started on Western Union. I mean banks are something, but these guys are worse than banks, governments and drug dealers together with their insane fees.
I am telling you, I don't think that Bitcoin need to destroy banks in order to make it but I want that we destroy Western Union. Let it be written in history that we have destroyed WU one day!
I am telling you, I don't think that Bitcoin need to destroy banks in order to make it but I want that we destroy Western Union. Let it be written in history that we have destroyed WU one day!
Until Bitcoin can be redeemed at countless thousands of street corners around the globe, it most definitely isn't better than WU. It is in concept, and even more so if there wasn't any need to convert it, but it remains a theoretical advantage for now.
I've already saw this image last year when I was still a newbie on bitcoin and that picture somehow convinced me to use and spread the word of bitcoin to some of my relatives overseas as they use WU to transfer money to their loved ones here on the Philippines. They loved the less fees, faster transaction feature of bitcoin and until now they still use bitcoin to send money. Bitcoin is no doubt better and maybe the best 
yes i agree bitcoin better than western union. One, bitcoin has a low cost and shipping are easy do not need to stand up from your seat
Governments sometimes say Bitcoin has a bad image because hackers and scammers can ask for payment in it. However Western Union has been used by the Nigerian prince scammers for years and no governments talk about restricting its use, regulating it further, or banning it. IMO the dark side of Western Union is far worse than the dark side of Bitcoin.
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