Bitcoin Forum
December 14, 2017, 04:18:00 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 4 [5]  All
  Print  
Author Topic: Why Doesn’t Western Union or Moneygram Use Bitcoin?  (Read 3310 times)
CROYA86
Sr. Member
****
Offline Offline

Activity: 308


Blocklancer - Freelance on the Blockchain


View Profile
March 02, 2017, 04:59:28 PM
 #81

The short answer is that Western Union doesn’t need Bitcoin in its current infantile state. Conversely, if and when Bitcoin reaches adulthood the world would no longer need Western Union.
I really liked the above statement and this is one of the fewest articles that I really enjoyed reading on cointelegraph[1].

[1] https://cointelegraph.com/news/why-doesnt-western-union-or-moneygram-use-bitcoin#

well what you say when western union bitcoin was not necessary anymore, because the transfer system is almost the same,

1513268280
Hero Member
*
Offline Offline

Posts: 1513268280

View Profile Personal Message (Offline)

Ignore
1513268280
Reply with quote  #2

1513268280
Report to moderator
1513268280
Hero Member
*
Offline Offline

Posts: 1513268280

View Profile Personal Message (Offline)

Ignore
1513268280
Reply with quote  #2

1513268280
Report to moderator
1513268280
Hero Member
*
Offline Offline

Posts: 1513268280

View Profile Personal Message (Offline)

Ignore
1513268280
Reply with quote  #2

1513268280
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513268280
Hero Member
*
Offline Offline

Posts: 1513268280

View Profile Personal Message (Offline)

Ignore
1513268280
Reply with quote  #2

1513268280
Report to moderator
1513268280
Hero Member
*
Offline Offline

Posts: 1513268280

View Profile Personal Message (Offline)

Ignore
1513268280
Reply with quote  #2

1513268280
Report to moderator
roadbits
Legendary
*
Offline Offline

Activity: 1078


View Profile
March 02, 2017, 06:11:32 PM
 #82

I think if they enable bitcoin option currency as their transaction , major people will use bitcoin instead fiat since bitcoin provide smaller fee
But in other side , bitcoin still consider as risky investation so let say if they enable bitcoin and bitcoin value suddenly dump , it become major loss for their company
Why they need to allow Bitcoin as their transaction, Bitcoin is not related to western union and money gram, it is a unique cryptocurrency and to use this we don't need any other companies help. People can use this easily without any paperwork and without giving any document. So for me also the Bitcoin is best to compare WU and MG.
sunsilk
Hero Member
*****
Offline Offline

Activity: 588



View Profile
March 03, 2017, 05:55:01 AM
 #83

Because these two types of remittance will certainly break their own business if they are going to accept bitcoin.

And if ever they will accept bitcoin, it means that they surrendered to bitcoin. Just look at PayPal, though they are aware about bitcoin's potential and success.

They still don't adopt it

There may be plenty of reasons why they don't accept or adopt Bitcoin

I have already mentioned it before but it seems to be worth mentioning it again. PayPal just like other remittance companies such as Western Union or MoneyGram is working in many countries across the world, but Bitcoin regulation differs between countries dramatically. In some countries it is perfectly legal and welcome (say, in Switzerland, known for their love toward hard currencies) while in others it is outright prohibited (say, in Iceland), so these services may run into serious legal issues when sending bitcoins to the latter countries. It is like weed in the US, in some states like Washington it is legal, in some others like Indiana it is illegal

Yes I did mentioned that already but you are getting far from the whole topic we are just talking about moneygram and western union only here.

But your comparison seems to be true and I find it right. I really can't see that they will accept bitcoin in the future.

Or else their business will be dead.

.

███████████████████████
███████████████████████████
█████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
█████████████
██████████████
██████████████
██████████████
██████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
█████████
███████████████
████████
████████████████████
█████████
██████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
█████████████████████████████
███████████████████████████
███████████████████████












Przemax
Hero Member
*****
Offline Offline

Activity: 490


View Profile
March 03, 2017, 06:58:09 AM
 #84

Bitcoin is like fully automated WU or Moneygram. For them to use bitcoin they would have to fire most of their workers because they would have no purpose as everything would be automated. Ofcourse they could have some staff but the staff would be a lot lower.

World is really fucked up and all those silly jobs like being a banker or a broker should be completly obsolete. Not only that those jobs are pointless, but to throw a salt to the wound, the people employed there takes a very high salary.

The same shit is with marketing. The marketing people do stuff that should be crowd based. Its the people that should be talking to eachother what is worthwhile to buy not listening to some fucked up manipulating devils.

I can say people deserve what they get. Lets just make a Bitcoinlandia and make our own country and leave those who feed those corporate trolls.
MMA
Hero Member
*****
Offline Offline

Activity: 756



View Profile
March 03, 2017, 05:03:14 PM
 #85

I think if they enable bitcoin option currency as their transaction , major people will use bitcoin instead fiat since bitcoin provide smaller fee
But in other side , bitcoin still consider as risky investation so let say if they enable bitcoin and bitcoin value suddenly dump , it become major loss for their company
Why they need to allow Bitcoin as their transaction, Bitcoin is not related to western union and money gram, it is a unique cryptocurrency and to use this we don't need any other companies help. People can use this easily without any paperwork and without giving any document. So for me also the Bitcoin is best to compare WU and MG.
yes that is right to say that bitcoin has no concern with western union or money gram. bitcoin is a digital currency just like fiat currency, bitcoin can be use for both online ans well as online purposes. but actually the users of bitcoin are currently not present in all over the world and that is the reason that yet bitcoin is not available in all hops for shopping but hope that in future we can expect that bitcoin will be be accepted in all over the world.

.

███████████████████████
███████████████████████████
█████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
█████████████
██████████████
██████████████
██████████████
██████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
█████████
███████████████
████████
████████████████████
█████████
██████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
█████████████████████████████
███████████████████████████
███████████████████████












deisik
Legendary
*
Online Online

Activity: 1414



View Profile
March 04, 2017, 04:30:24 AM
 #86

Because these two types of remittance will certainly break their own business if they are going to accept bitcoin.

And if ever they will accept bitcoin, it means that they surrendered to bitcoin. Just look at PayPal, though they are aware about bitcoin's potential and success.

They still don't adopt it

There may be plenty of reasons why they don't accept or adopt Bitcoin

I have already mentioned it before but it seems to be worth mentioning it again. PayPal just like other remittance companies such as Western Union or MoneyGram is working in many countries across the world, but Bitcoin regulation differs between countries dramatically. In some countries it is perfectly legal and welcome (say, in Switzerland, known for their love toward hard currencies) while in others it is outright prohibited (say, in Iceland), so these services may run into serious legal issues when sending bitcoins to the latter countries. It is like weed in the US, in some states like Washington it is legal, in some others like Indiana it is illegal

Yes I did mentioned that already but you are getting far from the whole topic we are just talking about moneygram and western union only here.

But your comparison seems to be true and I find it right. I really can't see that they will accept bitcoin in the future

Me getting far from the whole topic, wtf?

It was you who first mentioned PayPal, and now you come to reprimand me that I just followed your thought? It is the same with MoneyGram and Western Union as with PayPal. I had been using PayPal in the past and I know for certain that they have to comply with local rules and laws. For example, you can't transact with US dollars directly outside the US. Dollars have to converted to local currencies, and their exchange rates are not very far from being outright extortionate

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

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!