Western Union “blocks” cryptocurrency transactions

in #bitcoin7 years ago

Source: https://cointelegraph.com/news/western-union-blocks-cryptocurrency-related-transactions

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I can’t imagine why Western Union would ban cryptocurrency transactions in their network?

Hmm — what could it be???

Oh that’ right — cryptos will put Western Union out of business in a few years. Now I remember :-)

Ok ...maybe it’s more like 10 yrs before their business model is completely upended.

Why would you spend $10 to send $100 with Western Union when Litecoin will send for less then $.10? You get the picture.

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Right now, btc transaction in coins.ph is $10.
The reason @localsteem was created, a P2P transaction. But not functioning as yet.
Litecoin sounds good.
Have you heard of decent???

Yes...use Litecoin...cheaper and faster :-) I have not heard of decent?

Not connected to transactions☺
But more of anything under the sun social file storage, like combining utube and steemit..only bec. i got some of those..and recommended.

Ok thank you

yw. a bank wants to collaborate with us..any wise advice??? or what do we want from banks with our cryptos?

I can't imagine what they would offer? Maybe they want free publicity or maybe there is a certain charity that you both like. I doubt it ha anything to do with blockchain or crypto promotion. At this point, I would just understand what they seek.

I directly said that crypto-enthusiasts want banks to disappear. I got no clue why.

This is sign of nervousness on the part of traditional financial institutions and is a vain attempt to minimize the growing influence of cryptos.

I would agree. Can you imagine being in that business? It’s just a matter of time.

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