[2016-04-29] Western Union Invests in Digital Currency Group

[smashbtc]

Western Union, whose business model of money transfer could be under threat from bitcoin, is one of the new investors in Digital Currency Group (DCG). DCG is an investment firm focusing on the bitcoin blockchain technology space.

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[densuj]

I think Western union will never used again by costumers for couple years later because it has big fees, and bitcoin use low fees.

[BellaBitBit]

Of course they are, they know they are toast.  Their fees are exorbitant and cruel to those sending money over seas.  They will be ancient history soon.

[aso118]

I think Western union will never used again by costumers for couple years later because it has big fees, and bitcoin use low fees.

The problem is with last mile connectivity of bitcoins. A recipient of bitcoins will want to convert it to fiat.
In most places in the developing world, it is not easy to do that.