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

[ljudotina]

Are they scam or not, are their fees high or not doesnt matter. What mater is that they are HUGE company, and them using BTC would be HUGE positive thing for Bitcoin. You can like em or not, you can use em or not, but impact they would have on BTC would be huge!

[1713975370]

1713975370

[LiteCoinGuy]

Make a claim with no proof. Lol

enough for me 

[moriartybitcoin]

Western Union is a horrendous company .. can't even pick up a WU for ANY amount in Canada without ID these days.  I seriously doubt they would integrate with Bitcoin either

[QuestionAuthority]

Take a look at their financial and governance report. They aren't going anywhere soon.

http://ir.westernunion.com/files/doc_financials/2013%20WU%20AR%20FINAL.PDF

[jcoin200]

This def isn't the case, but easily could be in the near future!

[Seretonin]

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

I agree that is a horrible company but that doesn't make it a scam.

[validium]

Wrong! I think their customer base has actually increased as there are alot of people who are converting their bitcoins to cash via them.
So western union is not going anywhere anytime soon.

[rext]

Western has to change their business model soon man, BITCOIN is taking over, period.

[QuestionAuthority]

I want to thank the OP. Without this thread I never would have looked seriously at Western Unions financial performance. I just had my portfolio manager buy into WU. Their performance over the last few years has been amazing. Take a look:

http://www.marketwatch.com/investing/stock/wu

http://finance.yahoo.com/q?s=WU

http://ir.westernunion.com/investor-relations/stock-information/default.aspx

[bryant.coleman]

Fake news such as this will only harm the Bitcoin in the long run. Forget 2 million, WU hasn't even lost 2,000 customers because of Bitcoin. It might happen sometime in the future, but right now there is no point in posting shit such as this.

[rext]

Collaboration would be good

[Swordsoffreedom]

I want to thank the OP. Without this thread I never would have looked seriously at Western Unions financial performance. I just had my portfolio manager buy into WU. Their performance over the last few years has been amazing. Take a look:

http://www.marketwatch.com/investing/stock/wu

http://finance.yahoo.com/q?s=WU

http://ir.westernunion.com/investor-relations/stock-information/default.aspx

What were your ratios I would consider crunching some numbers but I am thinking of their 5 year performance
It's basically back to 2008 levels before the crash like the rest of the market after the recovery so kind of tepid about the market at this time myself.
That said it looks to hit around 18-20 dollars this year so its a nice return for a stock.

[QuestionAuthority]

I want to thank the OP. Without this thread I never would have looked seriously at Western Unions financial performance. I just had my portfolio manager buy into WU. Their performance over the last few years has been amazing. Take a look:

http://www.marketwatch.com/investing/stock/wu

http://finance.yahoo.com/q?s=WU

http://ir.westernunion.com/investor-relations/stock-information/default.aspx

What were your ratios I would consider crunching some numbers but I am thinking of their 5 year performance
It's basically back to 2008 levels before the crash like the rest of the market after the recovery so kind of tepid about the market at this time myself.
That said it looks to hit around 18-20 dollars this year so its a nice return for a stock.

Yeah, that's what I'm thinking. +9.25 (12.50%) over 52 weeks is a hell of a return for a common stock. There is no way to predict a long term hold like 5 years from current data because the previous 5 would include the 2008-2012 crash data. Use of WU's service increased dramatically during the crash and historically paints a false positive picture but an anticipated 12 month return like that is hard to pass up.