BITCOIN IS BETTER THAN WESTERN UNION ?

[transabox]

Bitcoin is much better than Western Union but it still needs lot more time to gain the trust of common man. The current number of Bitcoin users is climbing up steadily. There are large number of people who can't handle Bitcoin properly and have fear. I think old payment processors have no big immediate threat from Bitcoin though it is more cost effective and faster than those.

I agree with you, many people just do not know the bitcoins. And many still do not trust crypto currency. But the situation is changing day by day. I'm sure that soon many will start using bitcoin in their lives

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[bitllionaire]

Bitcoin is much better than Western Union but it still needs lot more time to gain the trust of common man. The current number of Bitcoin users is climbing up steadily. There are large number of people who can't handle Bitcoin properly and have fear. I think old payment processors have no big immediate threat from Bitcoin though it is more cost effective and faster than those.

I agree with you, many people just do not know the bitcoins. And many still do not trust crypto currency. But the situation is changing day by day. I'm sure that soon many will start using bitcoin in their lives

i think there is a big difference between the two. bitcoin is a currency and Western union is not a currency but only the way of transferring money from one place to another.  currently bitcoin is using as investment and giving chances to people to make money from investing in bitcoin. while in some place bitcoin is also using as currency even in local shops for shopping.

[wuvdoll]

Bitcoin is much better than Western Union but it still needs lot more time to gain the trust of common man. The current number of Bitcoin users is climbing up steadily. There are large number of people who can't handle Bitcoin properly and have fear. I think old payment processors have no big immediate threat from Bitcoin though it is more cost effective and faster than those.

I agree with you, many people just do not know the bitcoins. And many still do not trust crypto currency. But the situation is changing day by day. I'm sure that soon many will start using bitcoin in their lives

i think there is a big difference between the two. bitcoin is a currency and Western union is not a currency but only the way of transferring money from one place to another.  currently bitcoin is using as investment and giving chances to people to make money from investing in bitcoin. while in some place bitcoin is also using as currency even in local shops for shopping.

I think you are wrong, although they might not share the same idea but they are similar in theory, people use bitcoin as a way of sending and receiving money because its value increases every day which makes it an investment, and they also use western union to send and receive money, the chose bitcoin over western union because it is safer and takes less fee and less time.

[giveen]

I think this time is not the time to send money through a third party (WU) because at this moment you can use bitcoin and send the money directly to quickly and easily

Every time is a good time to send money through WU for people. WU enjoys the advantage that you can walk into whatever WU point and make a deposit, where after that a person can pick up that money from an other WU point anywhere in the world in form of cash basically a few minutes later. It's a premium service that people are willing to pay for. Tell me, what alternative does Bitcoin offer in this case?

Yeah that's true and you got one thing wrong if you send money through western union you can accept it from any exchange in the world. And ya the problem with bitcoin is in many places to convert to cash it can lot's of time. But yeah use of both depends on the person situation.

Ofcourse it depends upon the condition of the person who want make deals with how much easy and legality .
I don't mean to say that we have any doubt about the Bitcoin legality and trusty , Here I mean what I want to explain through a single example .
Suppose person A want to send money or payment to the person B . But what happened if the person A belong to that country where use of Bitcoin is legally but use of bitcoin is not legal for the that person B ( example like Russia , Bangladesh ) .
So all it depends upon our condition , Here for myself the Bitcoin is more better then the Fiat that is more practical in practical life in my country .

I didn't understand what do you mean by legality. Many people in my place are also not aware of bitcoin and i don't think most of them will have any interest in it in future but i haven't any place in the world where bitcoin is banned. I believe by banned you meant can't be exchanged to fiat. And also if you think your money is illegal then why don't you use and bitcoin mixing sites out there.

[dearbesz1219]

I think this time is not the time to send money through a third party (WU) because at this moment you can use bitcoin and send the money directly to quickly and easily

Every time is a good time to send money through WU for people. WU enjoys the advantage that you can walk into whatever WU point and make a deposit, where after that a person can pick up that money from an other WU point anywhere in the world in form of cash basically a few minutes later. It's a premium service that people are willing to pay for. Tell me, what alternative does Bitcoin offer in this case?

Yeah that's true and you got one thing wrong if you send money through western union you can accept it from any exchange in the world. And ya the problem with bitcoin is in many places to convert to cash it can lot's of time. But yeah use of both depends on the person situation.

Ofcourse it depends upon the condition of the person who want make deals with how much easy and legality .
I don't mean to say that we have any doubt about the Bitcoin legality and trusty , Here I mean what I want to explain through a single example .
Suppose person A want to send money or payment to the person B . But what happened if the person A belong to that country where use of Bitcoin is legally but use of bitcoin is not legal for the that person B ( example like Russia , Bangladesh ) .
So all it depends upon our condition , Here for myself the Bitcoin is more better then the Fiat that is more practical in practical life in my country .

I didn't understand what do you mean by legality. Many people in my place are also not aware of bitcoin and i don't think most of them will have any interest in it in future but i haven't any place in the world where bitcoin is banned. I believe by banned you meant can't be exchanged to fiat. And also if you think your money is illegal then why don't you use and bitcoin mixing sites out there.

Maybe for what he is trying to say was in other country bitcoin is not that welcome though you had a point about in fiat they can exchange it. Before Russia banned bitcoin but after a period of time they revoked it then in a long run they realized bitcoin can be a big help to their country so the result they adopted it and applied the usage features of bitcoin to their country.

[artows21]

From my point of view, compared to western union, bitcoin has several advantage,
compared to traditional money remittance, western union charges more,
mathematical errors have been made at many instances,
people also experienced having wrong currency exchange,
identification card and a custom transaction number is all that necessary to claim money, so more possible use by scammers.

so bitcoin is always better than western union.

[giveen]

I think this time is not the time to send money through a third party (WU) because at this moment you can use bitcoin and send the money directly to quickly and easily

Every time is a good time to send money through WU for people. WU enjoys the advantage that you can walk into whatever WU point and make a deposit, where after that a person can pick up that money from an other WU point anywhere in the world in form of cash basically a few minutes later. It's a premium service that people are willing to pay for. Tell me, what alternative does Bitcoin offer in this case?

Yeah that's true and you got one thing wrong if you send money through western union you can accept it from any exchange in the world. And ya the problem with bitcoin is in many places to convert to cash it can lot's of time. But yeah use of both depends on the person situation.

Ofcourse it depends upon the condition of the person who want make deals with how much easy and legality .
I don't mean to say that we have any doubt about the Bitcoin legality and trusty , Here I mean what I want to explain through a single example .
Suppose person A want to send money or payment to the person B . But what happened if the person A belong to that country where use of Bitcoin is legally but use of bitcoin is not legal for the that person B ( example like Russia , Bangladesh ) .
So all it depends upon our condition , Here for myself the Bitcoin is more better then the Fiat that is more practical in practical life in my country .

I didn't understand what do you mean by legality. Many people in my place are also not aware of bitcoin and i don't think most of them will have any interest in it in future but i haven't any place in the world where bitcoin is banned. I believe by banned you meant can't be exchanged to fiat. And also if you think your money is illegal then why don't you use and bitcoin mixing sites out there.

Maybe for what he is trying to say was in other country bitcoin is not that welcome though you had a point about in fiat they can exchange it. Before Russia banned bitcoin but after a period of time they revoked it then in a long run they realized bitcoin can be a big help to their country so the result they adopted it and applied the usage features of bitcoin to their country.

That is the future of bitcoin as russia have adopted bitcoin and in some part of it's not far that many more countries ars going to realise the importance of bitcoin in terms of paperless economy. I don't bitcoin is going to replace fiat but it can help countries develop an alternative to a paperless society which is not fully decentralised.

[Subrojit Roy]

Personally I'd recommend using Bitcoin much more than I would WU. Not only is WU a hassle and has additional fees involved, but things just seem to go wrong more often with it for some reason idk.
For buying Bitcoin circle.com is probably the way to go. You might have to get verified, but you just send them a picture of your (real) ID and you're good to go (only takes about a day). If you're worried about opsec or whatever from that just send them to another wallet (coinbase or whatever) and send to g0d from there.
Also when you order from g0d you don't have to worry about BTC price fluctuations. As soon as you place the order he gives you a price in bitcoins, not dollars, so if you have the bitcoins bought already you shouldn't have to worry about coming up short. I would recommend buying and moving the bitcoins to your preferred wallet before you place the order though because your order is cancelled if you don't pay within 30 minutes of ordering.
Also, if the $300 limit on circle is an issue, just have your friend set up a circle account as well. Then each of you should send the coins to the same wallet (coinbase, etc.) and go from there.

[Daniel91]

From my point of view, compared to western union, bitcoin has several advantage,
compared to traditional money remittance, western union charges more,
mathematical errors have been made at many instances,
people also experienced having wrong currency exchange,
identification card and a custom transaction number is all that necessary to claim money, so more possible use by scammers.

so bitcoin is always better than western union.

I can't agree completely with you.
If you want to move your bitcoin funds to paypal, for example, or cashout in your local currency through different echangers, you will also have very high fees.
For bitcoins you need Internet and in some parts of the world people don't have Internet but have WU offices.
Recently, waiting time for bitcoin became very long, sometimes even more than 24 hours.
Through WU you can receive money in a few minutes.
So, in some cases bitcoin will be better choice but in some cases people will choose WU.

[Farma]

Well, it depends on the users. I would argue that bitcoin is still better than western union because I prefer to use bitcoin. Well, basically I have their own reasons about it. probably because I am used to using bitcoin and make a business out of it.

[Harlot]

Well, it depends on the users. I would argue that bitcoin is still better than western union because I prefer to use bitcoin. Well, basically I have their own reasons about it. probably because I am used to using bitcoin and make a business out of it.

Well in terms of popularity or awareness, Western Union wins the round because more people are using Western Union to transfer their money to one place to another. This is because Western Union is a company who can advertise their company to gain popularity. Bitcoin on the other hand is just a currency that has no way of advertising itself except for its users. Also I am pretty sure that if Bitcoin is more well known than Western Union people will not use their service anymore. 

[stripykitteh]

Most of the people that use the computers or live on the internet use Bitcoin as a payment option. I haven't noticed anyone within this day and age asking for Western Union payments unless they are dwelling in 3rd world countries or they're trying to scam someone for money.
I choose Bitcoin as the payment option because it's cool to use when purchasing anything online. You could meet a bunch of people online just from using Bitcoin and they stay around even if Bitcoin isn't around as well.

[bravehearth0319]

Too bad I feel sorry on saying this that western union is still better than bitcoin nowadays. Because they had a lot of customers throughout the world and those people doesn't have any knowledge when it comes to bitcoin or crypto currency. But I know one day they will be informed about bitcoin and will even try to use it for remittances.

As you said and I could conclude that western union have many customers because of many people still lack knowledge of bitcoin, but, it's have nothing to do with whether which one of bitcoin and WU is better.
There's many services out there that poorly offered and have many customers meanwhile there's good services that only having low customers also exist, the amount of customers have nothing to do with the quality of the service providers.

People are comparing almost everything with bitcoin. And expect to see more comparison about bitcoin vs everything. But when it comes to service I do love both, I've got relatives that doesn't have knowledge with bitcoin and I don't have choice but to use WU when remitting and receiving money from abroad.

Yes me too. My relatives and friends that are used to send me or send them using Western Union are ok with them even though the charge are big. I already told me that the fee's are really huge and they should change the payment by using bitcoin. But I guess they don't to used bitcoin because they heard that bitcoin are used for dark webs so I don't force them anymore. The most important thing for them is that the money went to my account without hassle on their side. But from time to time, I tell them all about bitcoin and hope they chance their mind.

Remember they are a remittance center, if they will use bitcoin as a method of payment then they are just dragging themselves into the hole where they digged it alone. Lol, why are you guessing that they aren't using bitcoin, of course they don't because they are a remittance center of fiat.

Agreed, western union is not like bitcoin that can be use as digital payments online in buying goods or stuff. While western union is not a currency but only a remittances unlike bitcoin it can be trade in the exchange site platform.

[bryant.coleman]

There is always a certain degree of risk associated with Bitcoin transactions. With Western Union, your remittance payment is guaranteed to reach the intended person, although the fees is a bit on the higher side. Even if some forgery happens and the money is stolen, WU will reimburse that amount. But if you use Bitcoins for the same purpose, no one will reimburse you the amount, if someone commits fraud or steal the Bitcoins.

[Vaskiy]

There is always a certain degree of risk associated with Bitcoin transactions. With Western Union, your remittance payment is guaranteed to reach the intended person, although the fees is a bit on the higher side. Even if some forgery happens and the money is stolen, WU will reimburse that amount. But if you use Bitcoins for the same purpose, no one will reimburse you the amount, if someone commits fraud or steal the Bitcoins.

With bitcoin transaction small risk is always associated with it. One thing that bitcoin cannot be easily hacked but mistake done by a user is a big failure in transaction. Sometimes a small change in bitcoin address leads to the failed transaction. With Western Union and other servic lenders security on the amount is available which is not available with bitcoin.

[mornabo]

Well, it depends on the users. I would argue that bitcoin is still better than western union because I prefer to use bitcoin. Well, basically I have their own reasons about it. probably because I am used to using bitcoin and make a business out of it.

I think everyone was already convinced of it. western union are too old to be compared with bitcoin. bitcoin certainly been exceeded and more sophisticated than western union

[Bitcoin0916]

Too bad I feel sorry on saying this that western union is still better than bitcoin nowadays. Because they had a lot of customers throughout the world and those people doesn't have any knowledge when it comes to bitcoin or crypto currency. But I know one day they will be informed about bitcoin and will even try to use it for remittances.

As you said and I could conclude that western union have many customers because of many people still lack knowledge of bitcoin, but, it's have nothing to do with whether which one of bitcoin and WU is better.
There's many services out there that poorly offered and have many customers meanwhile there's good services that only having low customers also exist, the amount of customers have nothing to do with the quality of the service providers.

People are comparing almost everything with bitcoin. And expect to see more comparison about bitcoin vs everything. But when it comes to service I do love both, I've got relatives that doesn't have knowledge with bitcoin and I don't have choice but to use WU when remitting and receiving money from abroad.

Yes me too. My relatives and friends that are used to send me or send them using Western Union are ok with them even though the charge are big. I already told me that the fee's are really huge and they should change the payment by using bitcoin. But I guess they don't to used bitcoin because they heard that bitcoin are used for dark webs so I don't force them anymore. The most important thing for them is that the money went to my account without hassle on their side. But from time to time, I tell them all about bitcoin and hope they chance their mind.

Remember they are a remittance center, if they will use bitcoin as a method of payment then they are just dragging themselves into the hole where they digged it alone. Lol, why are you guessing that they aren't using bitcoin, of course they don't because they are a remittance center of fiat.

Agreed, western union is not like bitcoin that can be use as digital payments online in buying goods or stuff. While western union is not a currency but only a remittances unlike bitcoin it can be trade in the exchange site platform.

True, bitcoin different with western union, I think of the speed, security, low cost certainly bitcoin better than western union, I'm sure future day the transaction is bitcoin is larger than western union.

[AIGADS]

 :)Governments sometimes say Bitcoin has a bad image because hackers and scammers can ask for payment in it. However Western Union has been used by the Nigerian prince scammers for years and no governments talk about restricting its use, regulating it further, or banning it. IMO the dark side of Western Union is far worse than the dark side of Bitcoin.

[zeze18]

western union might have a faster transaction but transaction fee is higher than the bitcoin.
so I prefer to use transactions bitcoin and in my opinion better than transactions with western union.

[iamTom123]

Yes, in terms of cost maybe Bitcoin can be better. However, there are places where Western Union can be more practical so both can complimenting actually. In other words, both are good choices for the consuming public. The next question is: Will Bitcoin kill the market being taken cared of by Western Union? Right now, PayPal is feeling the heat caused by Bitcoin and can even be planning to also connect with the popularity of Bitcoin to their advantage.