I can't believe a company like WU is still operating 10 years after the crypto was invented. Are people really that stupid?
I have a slight issue with people who roll out the 'Bitcoin will kill WU' line. Mainly cos as it stands it's crap.
You're paying WU to finish up with spendable cash in someone else's hands in millions of places.
Millions of other places don't have places to spend crypto, or don't have exchanges or might have 2-3 people to sell it to in an entire country on Localbitcoins.
It's a starry eyed comparison that fails to hold up.
Does Western Union meet you at the hotel lobby when you arrive in a new country to personally give you local currency with the click of a button on your phone?
Until they provide that good of service they can't compete with localbitcoins.
Also...it sounds like WU has no clue about their potential role in crypto. They think they would somehow be some sort of company to send crypto to crypto. Their role would be to compete with localbitcoins and provide exchange services worldwide.
They likely won't get it until after they are shuttering their doors.