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Topic: Western Union lost 2,000,000+ customers' money to Bitcoin in 2014 (Read 2567 times)

legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
I want to thank the OP. Without this thread I never would have looked seriously at Western Unions financial performance. I just had my portfolio manager buy into WU. Their performance over the last few years has been amazing. Take a look:

http://www.marketwatch.com/investing/stock/wu

http://finance.yahoo.com/q?s=WU

http://ir.westernunion.com/investor-relations/stock-information/default.aspx

What were your ratios I would consider crunching some numbers but I am thinking of their 5 year performance
It's basically back to 2008 levels before the crash like the rest of the market after the recovery so kind of tepid about the market at this time myself.
That said it looks to hit around 18-20 dollars this year so its a nice return for a stock.

Yeah, that's what I'm thinking. +9.25 (12.50%) over 52 weeks is a hell of a return for a common stock. There is no way to predict a long term hold like 5 years from current data because the previous 5 would include the 2008-2012 crash data. Use of WU's service increased dramatically during the crash and historically paints a false positive picture but an anticipated 12 month return like that is hard to pass up.
legendary
Activity: 2884
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
I want to thank the OP. Without this thread I never would have looked seriously at Western Unions financial performance. I just had my portfolio manager buy into WU. Their performance over the last few years has been amazing. Take a look:

http://www.marketwatch.com/investing/stock/wu

http://finance.yahoo.com/q?s=WU

http://ir.westernunion.com/investor-relations/stock-information/default.aspx

What were your ratios I would consider crunching some numbers but I am thinking of their 5 year performance
It's basically back to 2008 levels before the crash like the rest of the market after the recovery so kind of tepid about the market at this time myself.
That said it looks to hit around 18-20 dollars this year so its a nice return for a stock.
full member
Activity: 378
Merit: 100
Collaboration would be good
legendary
Activity: 3766
Merit: 1217
Fake news such as this will only harm the Bitcoin in the long run. Forget 2 million, WU hasn't even lost 2,000 customers because of Bitcoin. It might happen sometime in the future, but right now there is no point in posting shit such as this.
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
I want to thank the OP. Without this thread I never would have looked seriously at Western Unions financial performance. I just had my portfolio manager buy into WU. Their performance over the last few years has been amazing. Take a look:

http://www.marketwatch.com/investing/stock/wu

http://finance.yahoo.com/q?s=WU

http://ir.westernunion.com/investor-relations/stock-information/default.aspx
full member
Activity: 378
Merit: 100
Western has to change their business model soon man, BITCOIN is taking over, period.
sr. member
Activity: 350
Merit: 250
Decentralized thinking
Wrong! I think their customer base has actually increased as there are alot of people who are converting their bitcoins to cash via them.
So western union is not going anywhere anytime soon.
newbie
Activity: 27
Merit: 0
Western Union is a scam. Their insane fees are making them irrelevant. Bitcoin is a far superior option to WU.
I agree that is a horrible company but that doesn't make it a scam.
hero member
Activity: 504
Merit: 500
This def isn't the case, but easily could be in the near future!
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
Take a look at their financial and governance report. They aren't going anywhere soon.

http://ir.westernunion.com/files/doc_financials/2013%20WU%20AR%20FINAL.PDF
hero member
Activity: 560
Merit: 500
★777Coin.com★ Fun BTC Casino!
Western Union is a horrendous company .. can't even pick up a WU for ANY amount in Canada without ID these days.  I seriously doubt they would integrate with Bitcoin either
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
legendary
Activity: 1260
Merit: 1029
Are they scam or not, are their fees high or not doesnt matter. What mater is that they are HUGE company, and them using BTC would be HUGE positive thing for Bitcoin. You can like em or not, you can use em or not, but impact they would have on BTC would be huge!
full member
Activity: 195
Merit: 100
The Skin GURU/We all love the abused trust system
Western Union is a scam. Their insane fees are making them irrelevant. Bitcoin is a far superior option to WU.
You must be retard for calling WU scam... Either you never used it or you are just another brain dead speculator who knows nothing about.
If you expect everything to be cheap or free,then you will remain poor because the peoples are making big company's and they spending money on it,obviously its because they want to earn.
Learn simple economic
legendary
Activity: 1540
Merit: 1029
Western Union is a scam. Their insane fees are making them irrelevant. Bitcoin is a far superior option to WU.
legendary
Activity: 1260
Merit: 1029

Do you think the central banks will one day issue bitcoin?  Do you think any BTCer would support that idea?

How did you connect "central banks" and anything in that video?

All Western Union needs, is legal background (laws) and that's it. It has NOTHING to do with "central banks". And it started with California for example....once it goes far enough, they will jump on it. Central Banks have nothing to do with it. As he said: "if it's regulated as a currency we will use it" As simple as that. Regulated doesn't mean "issued by central bank". It means "there is legal framework that make it legal for use".
If gold was easyer to move around they would transfer it too. There is no "central bank" that issues gold...they do not care. They are transfer service that offers some form of protection to users. Bitcoiners will not use Western union for sure, but we are minority. There are much more ppl that are afraid of tech and would always choose Wester Union before Bitcoin itself.

Let's not forget that Wester Union pays to banks for money transfers too. They can use it internally for transfers all around globe to save on fees etc.....alot of pooprtunity for them, for PayPal for basicly anyone who deal with international payments and money transfers.
legendary
Activity: 1722
Merit: 1000

Do you think the central banks will one day issue bitcoin?  Do you think any BTCer would support that idea?
sr. member
Activity: 476
Merit: 250
typo in the headline.
* customers' money.
sr. member
Activity: 434
Merit: 250
2 million customers, with no citation.. definite bullshit. are there even 2 million bitcoin users at the moment?
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