[2014-02-10] Fortune: Does Western Union need to watch out for bitcoin?

[BitChick]

In the midst of the negative press this little gem showed up today.    At least Bitcoin is on the radar.


http://finance.fortune.cnn.com/2014/02/10/bitcoin-western-union-zipzap/

[PatMan]

Yes  

(but don't tell that to WU)

[shawshankinmate37927]

Western Union needs to start letting their customers buy and sell bitcoins before the USPS does.  They should already have all of the required licenses and know how to navigate all of the regulatory hurdles.

[AndersAA]

Every time I discuss the real value of Bitcoin I always use WU as a perfect example of something inferior to  Bitcoin in almost every way. Yes - Bitcoin could put WU out of business in the long run.

And obv. the opposers always rant on with AML laws, AML laws, AML laws... "Governments will never allow it!" Bla bla blah! Does anyone remember CASH? That doesn't get banned for the ability to circumvent AML laws... Or wait.. Maybe it will be :/

[bitcoinmarketmaker]

(but don't tell that to WU)

 

[hilariousandco]

Of course it's a potential threat as it is to most payment processors, but I think we're a long way off from it being a credible one. I think WU and PP will have to look at how they do business and change their practises though.

[bryant.coleman]

WU, Payapl, Visa/Master..... all have become too greedy for their own good. So natural justice will prevail and Bitcoin will replace them. When Bitcoiners get too greedy (by charging 10%+ transaction fee), then something else will replace BTC.