[2015-01-17] techcrunch: Bitcoin Will Fix Remittances With Or Without WU

[LiteCoinGuy]

Bitcoin Will Fix Remittances With Or Without The Western Unions Of The World

But 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/

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[Chef Ramsay]

Remittances, alone, is where Bitcoin can make its value known in due time. If the alternative is the same old same old, it's a no brainer that those that rely on such transfers will require a switch to the legit side of things before you know it. This is one of the biggest things that developers and business folk should focus on as I think it will be one of the strengths that Bitcoin could showcase sooner rather than later in the overall scheme of things.

[dwdoc]

There will first need to be infrastructure or systems established to permit conversion of bitcoin to local currency before bitcoin remittance can flourish.