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Because it's sort of like an old-time telegraph company saying, "Telephones? Hey, let's get in on this by offering a service where we transcribe telephone conve
by javert 14y ago
Because it's sort of like an old-time telegraph company saying, "Telephones? Hey, let's get in on this by offering a service where we transcribe telephone conversations and send them out to the other party as a telegraph." In other words, totally missing the point.
- betterunix 14y agoDo you actually think there is no need for money services with Bitcoin? I think you need to stop for a moment and think about this: what would Bitcoin be worth if there were no Bitcoin exchanges? Western Union can provide a lot of relevant services: escrow, conversion to obscure currencies (or just general exchange), fraud mitigation, etc.
- olefoo 14y ago> fraud mitigation Ah yes. The fraudsters favorite service for irreversible cash transfers will certainly have an advantage there.
- veidr 14y agoOk fine, fraud facilitation then. Also a lucrative segment.
- javert 14y agoI'm not trying to diss Western Union here, I'm just explaining why the other guy said that. But OK, I'll take the bait :). Yes, Western Union can provide a lot of relevant services, but so can _anybody_, and there are already a number of Bitcoin exchanges. To assume that Western Union ought to provide Bitcoin services is like assuming that a horse-and-buggy company ought to start making cars. I mean, sure, it might be a really good idea, but cars are a _revolution_ of the horse-and-buggy, not an _evolution_. Likewise, Bitcoin is a revolution compared to traditional money transfer, not an evolution.
- kzrdude 14y agoI don't agree. WU has offices all over the world, which can be of a great service to customers, with USD or bitcoin.