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Author Topic: Western Union lost 2,000,000+ customers' money to Bitcoin in 2014  (Read 2425 times)
CryptoCurrencyInc.com
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June 26, 2014, 08:51:09 PM
 #1

Western Union lost 2,000,000+ customers' money to Bitcoin in 2014.


Most of western union customers now turning to Bitcoin for their low transaction fee. People can send Bitcoin to their family and friends all over the world instantly for extremely low transaction fee.

Of course: Western Union Is Not Going To Embrace Bitcoin
http://cryptocrimson.com/2014/06/spoiler-alert-western-union-going-embrace-bitcoin/


 
 
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beatljuice
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June 26, 2014, 09:07:32 PM
 #2

You need a citation for a claim like that. Otherwise I'm assuming it's BS.
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June 26, 2014, 09:09:01 PM
 #3

It is bullshit.

Bitcoin is good, but you still have the time and fees of converting to USD
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June 26, 2014, 11:00:41 PM
 #4

Make a claim with no proof. Lol

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June 26, 2014, 11:06:06 PM
 #5

Might have no proof but it is good propaganda  Smiley

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June 26, 2014, 11:54:07 PM
 #6

Unreal! I figured they lost a ton but never imagined 2m+. Yeah, they better start accepting Bitcoin LOL
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June 26, 2014, 11:57:58 PM
 #7

It is bullshit.

Bitcoin is good, but you still have the time and fees of converting to USD

There will always be some sort of fee when it comes to the handling of money.   No service will continue going on being completely free.

Minimizing the fees is about the best that can be done, and BTC has done a phenomenal job at that...
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June 27, 2014, 12:16:59 AM
 #8

Once the family member receives the bit coins for low fees, how do they buy a loaf of bread?
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June 27, 2014, 12:20:31 AM
 #9

You need a citation for a claim like that. Otherwise I'm assuming it's BS.

Assuming bull while I did agree in the other thread that Western Union is falling behind
Didn't say they were dead yet Bitcoin still has a way to make itself user friendly to the average person
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June 27, 2014, 01:38:00 AM
 #10

WU = Bitcoin
I mean, i read some people trying to make tchem use BTC. What for?
BTC is what exactly competes with WU.

CryptoCurrencyInc.com
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June 27, 2014, 01:48:00 AM
 #11

Once the family member receives the bit coins for low fees, how do they buy a loaf of bread?

You missed this discussion thread:
Need volunteers to get big chain Grocery stores to accept bitcoin
https://bitcointalk.org/index.php?topic=636962.msg7102929#msg7102929


 
 
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June 27, 2014, 02:44:54 AM
 #12

Only thing I agree with in the OP is the "of course Western Union isn't going to start accepting bitcoin" part.  I think they will hold off on doing so for as long as possible but will ultimately either be forced to adapt or die.  I suspect there are going to be alotta jobs going away in Western Union over the next 2-3 years.

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June 27, 2014, 02:57:13 AM
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2M+ customers is too many, if it's really happen, we'll see huge drop from WU income
maybe around thousand+ customers who switched to BTC
Only thing I agree with in the OP is the "of course Western Union isn't going to start accepting bitcoin" part.  I think they will hold off on doing so for as long as possible but will ultimately either be forced to adapt or die.  I suspect there are going to be alotta jobs going away in Western Union over the next 2-3 years.
since WU service is head to head with BTC, they must do that or their sevice will loose customers
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June 27, 2014, 03:16:56 AM
 #14

2 million customers, with no citation.. definite bullshit. are there even 2 million bitcoin users at the moment?
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June 27, 2014, 04:59:56 AM
 #15

typo in the headline.
* customers' money.


 
 
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ljudotina
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June 27, 2014, 02:40:35 PM
 #16

What about this?

http://www.bloomberg.com/video/western-union-ceo-we-ll-use-bitcoin-when-regulated-SulUCvcZQEixMGv9Mu~akw.html
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June 27, 2014, 02:46:07 PM
 #17


Do you think the central banks will one day issue bitcoin?  Do you think any BTCer would support that idea?
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June 27, 2014, 04:13:57 PM
 #18


Do you think the central banks will one day issue bitcoin?  Do you think any BTCer would support that idea?

How did you connect "central banks" and anything in that video?

All Western Union needs, is legal background (laws) and that's it. It has NOTHING to do with "central banks". And it started with California for example....once it goes far enough, they will jump on it. Central Banks have nothing to do with it. As he said: "if it's regulated as a currency we will use it" As simple as that. Regulated doesn't mean "issued by central bank". It means "there is legal framework that make it legal for use".
If gold was easyer to move around they would transfer it too. There is no "central bank" that issues gold...they do not care. They are transfer service that offers some form of protection to users. Bitcoiners will not use Western union for sure, but we are minority. There are much more ppl that are afraid of tech and would always choose Wester Union before Bitcoin itself.

Let's not forget that Wester Union pays to banks for money transfers too. They can use it internally for transfers all around globe to save on fees etc.....alot of pooprtunity for them, for PayPal for basicly anyone who deal with international payments and money transfers.
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June 27, 2014, 04:39:01 PM
 #19

Western Union is a scam. Their insane fees are making them irrelevant. Bitcoin is a far superior option to WU.

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June 27, 2014, 05:43:08 PM
 #20

Western Union is a scam. Their insane fees are making them irrelevant. Bitcoin is a far superior option to WU.
You must be retard for calling WU scam... Either you never used it or you are just another brain dead speculator who knows nothing about.
If you expect everything to be cheap or free,then you will remain poor because the peoples are making big company's and they spending money on it,obviously its because they want to earn.
Learn simple economic

Before you think anything bad agaisnt me based on the abused trust system,check out the link which will redirect you to the reasons why i have negative trust.
There is many proofs how the btctalk trust system is abused by trollers for no reason.
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