Bitcoin Forum
December 12, 2024, 09:29:40 AM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1] 2 3 4 5 »  All
  Print  
Author Topic: Western Union to begin accepting Bitcoin (WSJ)  (Read 8131 times)
Beauxe (OP)
Newbie
*
Offline Offline

Activity: 20
Merit: 0


View Profile
April 02, 2013, 07:28:31 AM
 #1

This is HUGE!!!!  http://mobile.blogs.wsj.com/cio/2013/04/01/western-union-eyes-digital-currency-services/
lassdas
Legendary
*
Offline Offline

Activity: 3677
Merit: 1496


View Profile
April 02, 2013, 07:34:41 AM
 #2

Quote
April 1, 2013
Stopped reading there.  Cheesy
glub0x
Legendary
*
Offline Offline

Activity: 892
Merit: 1013



View Profile
April 02, 2013, 07:37:58 AM
 #3

ahah funny one

The cost of mediation increases transaction costs, limiting the
minimum practical transaction size and cutting off the possibility for small casual transactions

Satoshi Nakamoto : https://bitcoin.org/bitcoin.pdf
sunnankar
Legendary
*
Offline Offline

Activity: 1031
Merit: 1000



View Profile WWW
April 02, 2013, 07:51:43 AM
 #4

Quote
April 1, 2013
Stopped reading there.  Cheesy

Could be a joke but I doubt it. Would not surprise me if WU were the instigator in getting FinCEN to get some guidelines published.

Severian
Sr. Member
****
Offline Offline

Activity: 476
Merit: 250



View Profile
April 02, 2013, 07:55:26 AM
 #5

Send your bitcoins to WU so they can send them to SR and the transaction will be compliant with money laundering laws?

I'm shorting WU instead.
lucif
Sr. Member
****
Offline Offline

Activity: 462
Merit: 250


Clown prophet


View Profile
April 02, 2013, 07:57:08 AM
 #6

Quote
The company is looking at the use of digital currencies like Bitcoin as well as the role
lebing
Legendary
*
Offline Offline

Activity: 1288
Merit: 1000

Enabling the maximal migration


View Profile
April 02, 2013, 08:09:14 AM
 #7

If this is true..  Shocked

Bro, do you even blockchain?
-E Voorhees
julius
Member
**
Offline Offline

Activity: 82
Merit: 10



View Profile
April 02, 2013, 08:44:46 AM
 #8

I have just sent an email to WU requesting confirmation this is true. Will post answer when I get it.
ManBearPig
Sr. Member
****
Offline Offline

Activity: 350
Merit: 250


"Don't go in the trollbox, trollbox, trollbox"


View Profile WWW
April 02, 2013, 09:51:56 AM
 #9

April.

The 1st.

Put the two together.

Bingo.

I tweet crypto nonsense: https://twitter.com/DunningKruger_
lebing
Legendary
*
Offline Offline

Activity: 1288
Merit: 1000

Enabling the maximal migration


View Profile
April 02, 2013, 10:13:50 AM
Last edit: April 02, 2013, 10:31:52 AM by lebing
 #10

April.

The 1st.

Put the two together.

Bingo.

If it is an april fools joke, its a damn good one. I'm fooled.

Bro, do you even blockchain?
-E Voorhees
oakpacific
Hero Member
*****
Offline Offline

Activity: 784
Merit: 1000


View Profile
April 02, 2013, 10:26:05 AM
 #11

Apparently it's a well-researched article targeted at a serious audience, I doubt it's as simple as an April fool's joke.

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
bootlace
Full Member
***
Offline Offline

Activity: 364
Merit: 100


Justice as a Service Infrastructure


View Profile
April 02, 2013, 10:34:06 AM
 #12

Some serious reading comprehension fail by the OP. If they introduced something, it would be a competitor to Bitcoin, never says they will begin accepting Bitcoin.

              J U R      |      The Justice as a Service Infrastructure      |      JUR ALLIANCE                      ═════════════════
      SMART LEGAL AGREEMENT.  ESCROW.  DECENTRALIZED DISPUTE RESOLUTION.        ║  JOIN JUR PRESALE  ║     
 ●         WHITEPAPER         TECH PAPER         GITHUB         MEDIUM         TELEGRAM                 ═════════════════
kangasbros
Hero Member
*****
Offline Offline

Activity: 812
Merit: 1006



View Profile
April 02, 2013, 10:34:20 AM
 #13

If it is April fool's joke, they should have declared it somewhere/by now?

And even then, I think it would be pretty bad joke. It is not that outrageous thing. And not that funny to 99,9% of the people who don't know what bitcoin is and what's so special about it.

lebing
Legendary
*
Offline Offline

Activity: 1288
Merit: 1000

Enabling the maximal migration


View Profile
April 02, 2013, 10:40:38 AM
Last edit: April 02, 2013, 11:13:52 AM by lebing
 #14

Some serious reading comprehension fail by the OP. If they introduced something, it would be a competitor to Bitcoin, never says they will begin accepting Bitcoin.
goddamnit, youre right.

edit: actually im not so sure. It's really not clear at all either way. I'm going to see if I can track down the journalists email to ask her.

Bro, do you even blockchain?
-E Voorhees
JordanL
Donator
Sr. Member
*
Offline Offline

Activity: 294
Merit: 250



View Profile
April 02, 2013, 10:46:11 AM
 #15

Some serious reading comprehension fail by the OP. If they introduced something, it would be a competitor to Bitcoin, never says they will begin accepting Bitcoin.


Quote
The company is looking at the use of digital currencies like Bitcoin


Sounds like that has not been decided (assuming this is not a joke). We need to be lobbying for them to adopt Bitcoin.
benjamindees
Legendary
*
Offline Offline

Activity: 1330
Merit: 1000


View Profile
April 02, 2013, 11:12:59 AM
 #16

We need to be lobbying for them to adopt Bitcoin.

/facepalm

Civil Liberty Through Complex Mathematics
greyhawk
Hero Member
*****
Offline Offline

Activity: 952
Merit: 1009


View Profile
April 02, 2013, 11:18:58 AM
 #17

We need to be lobbying for them to adopt Bitcoin.

/facepalm

Noooooo, please let him do it. Those are always amusing.

BTC-User: "Hey WU, please take Bitcoins, ok?"
WU: "What is a bitcoin and why should we accept it?"
BTC-User: "It is a new currency that's intended to get rid of banks and other currency transaction providers. It'll be great. Everyone will be one's own bank."
WU: "So what you're saying is we should accept a currency that's specifically built to put us out of business by circumventing us in the first place."
BTC-User: "Yes, exactly. It will be wonderful. Hello? Hellllooooo? SirMadam? Where are you going? FUCKING HATERS. WE'LL SHOW YOU!"
the founder
Sr. Member
****
Offline Offline

Activity: 448
Merit: 251


Bitcoin


View Profile WWW
April 02, 2013, 11:20:55 AM
 #18

Don't laugh they could be a valid exchange If they take that direction

Bitcoin RSS App / Bitcoin Android App / Bitcoin Webapp http://www.ounce.me  Say thank you here:  1HByHZQ44LUCxxpnqtXDuJVmrSdrGK6Q2f
Piper67
Legendary
*
Offline Offline

Activity: 1106
Merit: 1001



View Profile
April 02, 2013, 11:24:06 AM
 #19

Don't laugh they could be a valid exchange If they take that direction

Yes, they could blow everyone else out of the water and make an incredible amount of money in the process, but only if they have the intelligence and the balls to significantly alter their business model. Large corporations don't have a stellar track record when it comes to that, I'm afraid.
kangasbros
Hero Member
*****
Offline Offline

Activity: 812
Merit: 1006



View Profile
April 02, 2013, 11:33:05 AM
 #20

Yes, they could blow everyone else out of the water and make an incredible amount of money in the process, but only if they have the intelligence and the balls to significantly alter their business model. Large corporations don't have a stellar track record when it comes to that, I'm afraid.

I don't really know how much they would have to alter their business model. They could just add bitcoin payment option via bit-pay to allow sending money with bitcoin, that would be fairly trivial. For the receiving end, they could partner with a company such as Bitinstant.

Pages: [1] 2 3 4 5 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!