Time to Short Western Union

[bonker]

Bitcoin should make Western Union obsolete. Bitcoin is free, fast and anonymous, Western Union is now the living dead unless it can either:

1) Radically change its business model and switch to bitcoin
2) Fight Bitcoin in the courts (lol!)

 Remember Kodak, HMV, Jessops.. all were slain by the mighty internet!

[Kluge]

Many people use WU to purchase BTC, so, um...

[tutkarz]

Many people use WU to purchase BTC, so, um...

for now because there is not enough shops that use bitcoins but who knows what future will bring.

[bonker]

Many people use WU to purchase BTC, so, um...

Dude, give it a year and watch Western Union panic. There will be an explosion of new ways to buy bitcoins

[caveden]

Bitcoin should make Western Union obsolete. Bitcoin is free, fast and anonymous, Western Union is now the living dead unless it can either:

1) Radically change its business model and switch to bitcoin

Perhaps they're already getting ready? http://mashable.com/2013/04/02/western-union-bitcoin/

[bonker]

They are very well positioned to make a boatload of money for their shareholders. They just need to add Bitcoin to their list of supported currencies and allow people in every "last mile" location of theirs to pay and get paid with it.

This is very simple binary decision. They either do this and prosper or don't and their stock rightfully goes to 0$. What would it be?

+1

The lesson of recent company history is stark. Adopt new technology, regardless of how painful, or you'll die a rapid death.

Kodak
Kodak
Kodak
Kodak....

[Canaanite]

Well if you are such a believer go short Western union and buy with the money Bitcoin 
sounds a bit risky for me

[bonker]

Well if you are such a believer go short Western union and buy with the money Bitcoin 
sounds a bit risky for me

A fair point. I'll take a speculative short  Western Union on the back of the existential threat from Bitcoin: Short @ $1427