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BITCOIN IS BETTER THAN WESTERN UNION ?
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Topic: BITCOIN IS BETTER THAN WESTERN UNION ? (Read 70154 times)
newb-dev
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Re: BITCOIN IS BETTER THAN WESTERN UNION ?
January 22, 2018, 02:31:36 PM
#1321
For now is not necessary better. I mean the fees are smaller but it will be better after people start to recognize it. Not everyone recognize bitcoin
It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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unsquidly
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Re: BITCOIN IS BETTER THAN WESTERN UNION ?
January 22, 2018, 03:02:54 PM
#1322
Western union charges high but they take responsibility even if something goes wrong and the money hasn't got credited, also technologically lacking people too can use bitcoin unlike our bitcoin.
BountyX
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Re: BITCOIN IS BETTER THAN WESTERN UNION ?
January 24, 2018, 12:58:45 AM
#1323
Fort sure it WAS better than Western Union, now with the outrageous fees that Bitcoin recently has, I am not so sure any more... Well, let's say that I'd still prefer Bitcoin over Western Union to transfer money, but I hope Bitcoin won't go further on the way of unusability, otherwise Western Union will end up winning this comparison.
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Chainblock
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Re: BITCOIN IS BETTER THAN WESTERN UNION ?
January 24, 2018, 01:34:10 AM
#1324
Bitcoin is not so good as Western union and also it can't be cause of popularity and also western union trusted. Bitcoin is good for transactions but can't compete western union anyway.
MerrickMaverick
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Re: BITCOIN IS BETTER THAN WESTERN UNION ?
January 24, 2018, 01:41:54 AM
#1325
Between WU and Bitcoin, it is Bitcoin even when the fees were at their highest point. It's just such a massive ripoff, unbelievable.
nhoj25
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Re: BITCOIN IS BETTER THAN WESTERN UNION ?
January 24, 2018, 01:47:13 AM
#1326
woah
this post was way back 2015 and it is good to see that most of these users are now high-ranked. Hero and Legendary
going to the question, Western union or other similar services usually take 1–5% for a transfer of money while by Bitcoin the usual transaction fee is a couple of cents and you can even pay less if you’re not in a hurry. so I think bitcoin transfer is better
lvincent
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Re: BITCOIN IS BETTER THAN WESTERN UNION ?
January 24, 2018, 01:52:35 AM
#1327
Bitcoin pass western union is really surprising but i think since bitcoin start it has the potential to surpass WU, WU has a 3rd party in every transaction unlike bitcoin that it is a peer to peer transaction there is no 3rd parties in every transaction you make. But i don't think that it is this soon that bitcoin will surpass WU. But it's okay as long as bitcoin is doing good and we are profiting from it.
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Anti-Cen
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High fees = low BTC price
Re: BITCOIN IS BETTER THAN WESTERN UNION ?
January 24, 2018, 02:04:02 AM
#1328
Quote from: MerrickMaverick on January 24, 2018, 01:41:54 AM
Between WU and Bitcoin, it is Bitcoin even when the fees were at their highest point. It's just such a massive ripoff, unbelievable.
Yes WU you put money or gold in and you got money or gold out minus fees
Here you put money in and you get tokens out so "massive ripoff, unbelievable" and that just for sending 250 bytes of electronic
data and we know Bitcoin will always be around because today you can walk into any flower shop and still buy a Tulip
Mining is CPU-wars and Intel, AMD like it nearly as much as big oil likes miners wasting electricity. Is this what mankind has come too.
Anti-Cen
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High fees = low BTC price
Re: BITCOIN IS BETTER THAN WESTERN UNION ?
January 24, 2018, 02:11:23 AM
#1329
Quote from: nhoj25 on January 24, 2018, 01:47:13 AM
woah
this post was way back 2015 and it is good to see that most of these users are now high-ranked. Hero and Legendary
going to the question, Western union or other similar services usually take 1–5% for a transfer of money while by
Bitcoin the usual transaction fee is a couple of cents
and you can even pay less if you’re not in a hurry. so I think bitcoin transfer is better
Holly shit batman I knew my computer had a virus when you said " Bitcoin the usual transaction fee is a couple of cents!"
The forkers have even taken over my calculator and here I was thinking that two weeks ago a single transaction fee just to send
$10.00 to my mum had cost me $37.94
how stupid could I be, you saved my life so let me kiss you
Mining is CPU-wars and Intel, AMD like it nearly as much as big oil likes miners wasting electricity. Is this what mankind has come too.
Geoll29
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Re: BITCOIN IS BETTER THAN WESTERN UNION ?
January 24, 2018, 02:35:13 AM
#1330
Bitcoin is really better than western union because you don't need to stand in queue just to to be serve by the attendant. We can do the transaction at the comfort of our home. So it is saving us time and we can attend to our other investments and chores.
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Re: BITCOIN IS BETTER THAN WESTERN UNION ?
January 25, 2018, 02:22:52 AM
#1331
You cannot really compare Bitcoin with Western Union, they are too different, they basically have nothing in common except the possibility of transferring value. But Bitcoin has ended up BEING the value, Western Union just transfers value.
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Nylelyn
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Re: BITCOIN IS BETTER THAN WESTERN UNION ?
January 25, 2018, 11:46:42 AM
#1332
Bitcoin is a lot better than Western Union because of several reasons. Bitcoin does not require anymore a centralize system or a middleman to process everything because any transfer can be done direct or straight to the receiver as well as payments can be sent directly to the merchants anytime. It is time efficient and cost efficient also plus the fact that you are sending money from your hard work.
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johnlhy251
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Re: BITCOIN IS BETTER THAN WESTERN UNION ?
January 25, 2018, 11:50:17 AM
#1333
That is true, i experience many transactions with WU, and it is super slow transaction, unlike the blockchain of bitcoin very fast.
DoesNotExist
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Re: BITCOIN IS BETTER THAN WESTERN UNION ?
January 25, 2018, 02:27:02 PM
#1334
Quote from: nhoj25 on January 24, 2018, 01:47:13 AM
woah
this post was way back 2015 and it is good to see that most of these users are now high-ranked. Hero and Legendary
going to the question, Western union or other similar services usually take 1–5% for a transfer of money while
by Bitcoin the usual transaction fee is a couple of cents
and you can even pay less if you’re not in a hurry. so I think bitcoin transfer is better
Probably it is better to check how much are current bitcoin fees.
For a WU transfer of 1000EUR between an EU countries towards China or Canada is in the 2-3% area. If you send lower amount, the overall fee is in the 5-7% area
Current fees on bitcoin transfer are higher than WU ones. Probably only for transfer over 5k € bitcoin costs less than WU
Godwans
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Re: BITCOIN IS BETTER THAN WESTERN UNION ?
January 25, 2018, 02:32:10 PM
#1335
Quote from: nhoj25 on January 24, 2018, 01:47:13 AM
woah
this post was way back 2015 and it is good to see that most of these users are now high-ranked. Hero and Legendary
going to the question, Western union or other similar services usually take 1–5% for a transfer of money while by Bitcoin the usual transaction fee is a couple of cents and you can even pay less if you’re not in a hurry. so I think bitcoin transfer is better
Who are you transferring btc with? "a couple of cents".
You may get someone new to buy in with that story but, the txn fees are astronomical and you know it.
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ardyology
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Re: BITCOIN IS BETTER THAN WESTERN UNION ?
January 25, 2018, 02:55:19 PM
#1336
I'm not that familiar with how Western Union works but I'd like to give them both props for providing services which are easily available in the market. I love how Bitcoin is decentralized. However, it would be much better if Western Union will integrate the blockchain on its system and see from there how this fintech would improve their already good service.
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ridwan99
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Re: BITCOIN IS BETTER THAN WESTERN UNION ?
January 25, 2018, 04:03:03 PM
#1337
i think it is good question.....bitcoin always above of all site it is my hope ........and many people knows bitcoin ........bitcoin is better than western union.............
ooeygooeygold
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Re: BITCOIN IS BETTER THAN WESTERN UNION ?
April 02, 2018, 09:51:15 PM
#1338
It is obviously that bitcoin surpassed the western union already. In fact, if you are going to check the charge for every transaction bitcoin was very low cost of charge while in western is vice versa. when it comes for security, it is very safe and secured because we are the one who hold our own private key and the password and many more.
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