Great,Switzerland is now very friendly for bitcoin,services like WU or Money Gramm are going away,chinise have bought money gramm i ve been reading something thay will try use digital currencys
Maybe news that SNB is accepting bitoinare around corner and it is reason of price spike
Topic: Western Union is getting destroyed by Bitcoin in Switzerland - page 2. (Read 3203 times)
Side note:
The Seattle city council has voted to divest it's holdings in western union. This yanks $3billion from them. They are standing with the standing rock Sioux tribe against the pipeline.
The Seattle city council has voted to divest it's holdings in western union. This yanks $3billion from them. They are standing with the standing rock Sioux tribe against the pipeline.
if you buy groceries with a credit card then the super market where you buy your stuff know exactly what you bought and when.
Had you bought groceries with silver bucks from your local store a few centuries ago, it would have been just the same. It not the information that is new in the game, it is the automated storage of that information, the communication (information in motion) and the computers to dig into it and deep learn from it that is new.
Every electronic ticket machine in Switzerland sells XBT, and accepts CHF and EUR cash as payment. Apparently people have been using it for remittance purposes instead of Western Union, and WU decided to try to do something about it:
A perfect reason to walk over to the machine and buy Bitcoin
A perfect reason to walk over to the machine and buy Bitcoin
Am I the only one who don't like buying bitcoin in public places or in these places where are lots of camera which does not give privacy to the amount (I mean only for privacy) but if I don't care for privacy then it's ok, a good place to purchase bitcoin and from the picture provided seems the fees are not high as I thought.
Maybe it will destroy western union in switzerland but not huge damage for them. It has positive side, maybe they will try to add bitcoin worldwide transfer and that won't be bad news.
The Swiss mafia is everywhere and I bet they will gradually collapse western union because if they adopt Bitcoin fully and based on their banking history they might be able to hold up the secret and help people store up Bitcoin in Switzerland and help make it stronger than fiat and subsequently make Bitcoin transfers attractive than western union.
Every electronic ticket machine in Switzerland sells XBT, and accepts CHF and EUR cash as payment. Apparently people have been using it for remittance purposes instead of Western Union, and WU decided to try to do something about it:
A perfect reason to walk over to the machine and buy Bitcoin
A perfect reason to walk over to the machine and buy Bitcoin
Am I the only one who don't like buying bitcoin in public places or in these places where are lots of camera which does not give privacy to the amount (I mean only for privacy) but if I don't care for privacy then it's ok, a good place to purchase bitcoin and from the picture provided seems the fees are not high as I thought.
Maybe it will destroy western union in switzerland but not huge damage for them. It has positive side, maybe they will try to add bitcoin worldwide transfer and that won't be bad news.
Every electronic ticket machine in Switzerland sells XBT, and accepts CHF and EUR cash as payment. Apparently people have been using it for remittance purposes instead of Western Union, and WU decided to try to do something about it:
A perfect reason to walk over to the machine and buy Bitcoin
A perfect reason to walk over to the machine and buy Bitcoin
Am I the only one who don't like buying bitcoin in public places or in these places where are lots of camera which does not give privacy to the amount (I mean only for privacy) but if I don't care for privacy then it's ok, a good place to purchase bitcoin and from the picture provided seems the fees are not high as I thought.
Speaking of privacy, your post now resides in the following complex in a special file with your REAL name on it:
Western union is dead it just does not know it yet, its walking dead...... 
Agreed, unless their business model starts to evolve now they will probably be out of business in 5 years. Their only advantage right now is their customers' general lack of education.
https://news.bitcoin.com/bitcoin-companies-legally-operate-switzerland/ 
Yeah bitcoin is growing for good in switzerland. This will be impacting a lot for the other's country.
Yeah bitcoin is growing for good in switzerland. This will be impacting a lot for the other's country.
Swiss banks can use bitcoin to be honest. It would be such a brilliant idea, get peoples Money and store them in bitcoin. When needed just cash it out like this. I believe this is a great example of how to use bitcoin.
I never thought about it this way. What if they do not even needed? What if people can store their own bitcoin!!!
I mean Switzerland is the last country that would want bitcoin to succeed.
I never thought about it this way. What if they do not even needed? What if people can store their own bitcoin!!!
I mean Switzerland is the last country that would want bitcoin to succeed. I always thought that a business like Western Union could use Bitcoin as a way to send money even if the customer didn't know they were using it behind the scenes. It's a good way to use the technology without people having to buy Bitcoins.
WU uses their own accounting system to manage back office tasks, they don't have any use for Bitcoin per se.
WU's strength, like most businesses, is the scope and "stickiness" of its customer network. It's expensive to acquire a customer in terms of both time and money. So when another network comes along that acts as a substitute, that's really something they should be concerned about.
The real question I think is: "how close is WU getting to operating costs?" They still have about $1 Billion of buffer, but it's decreasing each year....
Here's the thing feared by financial institutions such as banks, presence of bitcoin will certainly make financial services, and of course there will be a rejection of many of the parties that will keep campaigning to reject the bitcoin. For us as users of the bitcoin, surely this can we expect.
It definitely ought to have started with Switzerland because of their banking and secret prowess and I have no doubt the financial institutions are shivering to the spine by this news. Western union ought to be innovative enough and be more flexible else they will be destroyed.
Remittance can only work, when people can send money from one destination to another at the same fee. The Swizz WU branch might have zero fees, but what about the person on the other side? How much is he paying on the other end, to receive that money?
WU/MoneyGram still have the advantage that they have on-ramp and off-ramp services globally for Fiat conversion, and this advantage is gradually eroded by the ease of use and user-friendly apps that are being developed to transfer Bitcoin globally. ^smile^
WU/MoneyGram still have the advantage that they have on-ramp and off-ramp services globally for Fiat conversion, and this advantage is gradually eroded by the ease of use and user-friendly apps that are being developed to transfer Bitcoin globally. ^smile^
I always thought that a business like Western Union could use Bitcoin as a way to send money even if the customer didn't know they were using it behind the scenes. It's a good way to use the technology without people having to buy Bitcoins.
That news is very bad one for the Western Union for sure they are going to do anything just to attract their customers and win them back. But we can't blame bitcoin for it as we know that it is more convenient than using WU's service that needs a beautiful teller. Unlike with bitcoin you can just simply send it with your own with cheaper fees or else WU will just simply adopt BTC.
Western union is dead it just does not know it yet, its walking dead......
Every electronic ticket machine in Switzerland sells XBT, and accepts CHF and EUR cash as payment. Apparently people have been using it for remittance purposes instead of Western Union, and WU decided to try to do something about it:
A perfect reason to walk over to the machine and buy Bitcoin
A perfect reason to walk over to the machine and buy Bitcoin
Am I the only one who don't like buying bitcoin in public places or in these places where are lots of camera which does not give privacy to the amount (I mean only for privacy) but if I don't care for privacy then it's ok, a good place to purchase bitcoin and from the picture provided seems the fees are not high as I thought.
Are there bitcoin ATMs in South Africa, Philippenes or Brazil? If there are not, it doesn't work for remittances.
Yes, someone has even gone to the trouble of listing them in English on coinatmradar.com The Philippines has an especially strong ecosystem, it includes rebit.ph and coins.ph
But in most cases people do not visit a machines to receive remittance, they redeem the note/XBT with another person in the village/town.
Every electronic ticket machine in Switzerland sells XBT, and accepts CHF and EUR cash as payment. Apparently people have been using it for remittance purposes instead of Western Union, and WU decided to try to do something about it:
Ummm..
The issue is not changing your CHF into bitcoin. It is the person on the other side having to change their bitcoin into their local currency.
Are there bitcoin ATMs in South Africa, Philippenes or Brazil? If there are not, it doesn't work for remittances.
You might not need ATMs for the receiving person to get their money. I believe we have 2 here in the Philippines but I don't even now where they are but we're doing just fine. It would really depend on what options are available in that country. One local bank here allows cashing-out in their traditional atms. You can also cash out in almost any bank here too, as well as pawnshops.
Here's the thing feared by financial institutions such as banks, presence of bitcoin will certainly make financial services, and of course there will be a rejection of many of the parties that will keep campaigning to reject the bitcoin. For us as users of the bitcoin, surely this can we expect.
Contrary to popular belief, Swiss banks are not against bitcoin at all, they want to embrace it and offer bitcoin banking services, whatever that mean.Local banks shouldn't be worried, but global companies offering only remittance services like Western Union, MoneyGram and Ria are right to be afraid of BTC.
True, banks will always be useful even if everyone start doing most of their transactions in bitcoin. There are still need for loans and traditional banking will still be in business.
Here's the thing feared by financial institutions such as banks, presence of bitcoin will certainly make financial services, and of course there will be a rejection of many of the parties that will keep campaigning to reject the bitcoin. For us as users of the bitcoin, surely this can we expect.
Contrary to popular belief, Swiss banks are not against bitcoin at all, they want to embrace it and offer bitcoin banking services, whatever that mean.Local banks shouldn't be worried, but global companies offering only remittance services like Western Union, MoneyGram and Ria are right to be afraid of BTC.
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