You aren't missing anything. It just comes down to infrastructure.
The more places you can send money the more useful the network is. A network of merchants willing to do BTC:FIAT conversions in meatspace is very powerful. Maybe even the killer app for Bitcoin.
However a network of 10,000 locations is far more useful than a location of 200 or 12.
Topic: Wire transfers? - page 3. (Read 3748 times)
I was driving down the road and I saw a "Western Union" sign and thought...why do we still have those places around?
Bitcoin could easily replace Western Union all over the world. You just become a Bitcoin exchanger in your store and if someone wants money transferred they just go to an exchanger and send their money to the recipient's Bitcoin address. You go to one of any exchangers and exchange your BTC for your currency and you are all set. The exchangers could charge a fee that is cheaper than sending a wire transfer. Then bam...good-bye Western Union.
Am I missing something here?
Bitcoin could easily replace Western Union all over the world. You just become a Bitcoin exchanger in your store and if someone wants money transferred they just go to an exchanger and send their money to the recipient's Bitcoin address. You go to one of any exchangers and exchange your BTC for your currency and you are all set. The exchangers could charge a fee that is cheaper than sending a wire transfer. Then bam...good-bye Western Union.
Am I missing something here?
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