Why Doesn’t Western Union or Moneygram Use Bitcoin?

[CROYA86]

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,

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[roadbits]

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]

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]

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]

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]

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