Re:Western Union: Bitcoin isn’t ready for international mone...
by badinker on Sunday November 03, 2013 @09:59PM
(#6666499)
Does anyone expect a company like Western Union to come out and endorse a currency that can be transferred nearly instantly for practically nothing???!!!
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Re:Western Union: Bitcoin isn’t ready for international mone...
by kbaker on Sunday November 03, 2013 @10:42PM
(#6666668)
This is their biggest issue... They have no incentive to bootstrap and provide legitimacy to what would end up becoming their biggest competitor in the future.
They are stuck - they can see the short-term huge benefits and profits from being a trusted middleman, but once it takes off and becomes accepted in the mainstream they would be cut out of the picture (and forced to pivot again...)