[2016-07-18]Western Union’s WU EDGE B2C Platform Competes with Bitcoin

[BTCBinary]

Western Union’s WU EDGE B2C Platform Competes with Bitcoin

Competition from the digital currency sector has forced Western Union to introduce new fee-free network payment structure called WU EDGE. The new platform is slated to enable transactions between two parties in a matter of minutes. With WU EDGE, Western Union (NYSE : WU) intends to compete with Bitcoin-based remittance and payments platforms that have been offering instant transfers since their introduction. However, there are currency exchange charges applicable for transactions over WU EDGE...

http://www.newsbtc.com/2016/07/18/western-union-wu-edge-b2c-platform-competes-with-bitcoin/

[richardsNY]

Whatever Western Union and other similar services/companies are doing to make the gap between them and Bitcoin smaller, it will not have much effect. Mainly because of the fact that people still depend on a third party in order to complete transactions. With Bitcoin there is no need for a third party when sending money from A to B.