Bitcoin Will Fix Remittances With Or Without The Western Unions Of The WorldBut much like Blockbuster’s (and banks’) short-sightedness and defensive posturing in the 2000s, Western Union runs the risk of soon evolving into nothing more than a Wikipedia entry. Bitcoin is a technology like video streaming, not a company like Netflix. It’s not trying to preserve revenue or please shareholders. And it won’t fall victim to leadership pulling it into odd markets on a whim.
Bitcoin is a technology that, other than Internet and mobile, could very well end up being the most important we’ve seen in the last several decades.
http://techcrunch.com/2015/01/16/how-western-union-and-others-can-avoid-becoming-the-blockbuster-video-of-finance/