Western Union - The Competitor Of Bitcoin - and Coinbase are Working on a Pilot Project
Western Union has kept a close eye on blockchain technology these past few years.
It is always quite interesting to see how financial service providers respond to Bitcoin and cryptocurrency. CEOs of companies such as TransferWise readily dismiss Bitcoin whenever they can. Western Union, on the other hand, is experimenting with Coinbase integration. That is a rather shocking turn of events, considering Western Union and Bitcoin are competitors.
In a rather shocking turn of events, Western Union’s David Thompson addresses the Bitcoin situation. While Bitcoin and other cryptocurrencies compete with global remittance solutions, they have not made a major impact just yet. That situation can change at any given moment, though. Thompson feels cryptocurrecy will not “wipe out” the remittance business as we know it. Not entirely surprising, although things are not black-and-white either.
Read more: https://goo.gl/HWwe5D
I find my self using Western Union a lot to send overseas but I really really hope it fades out, I cant wait for Crypto currency to become easier to cash out and laws allows it worldwide.
Great post! @cryptocentral
@necio Thanks, we really hope for that, too. It is time to end the endless profit of companies passive income, profiting from people just sending money to somewhere else.
hallo,
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