I am quite a fan of Andreas Antonopolous. I have seen numerous videos of him on YouTube and his enthusiasm for bitcoin is fantastic. I have heard him say before that bitcoin is a threat to Western union and in the latest video I watched of him (brilliant BTW) he again mentioned Western union.
"We are going to see bitcoin impacting remittances long before we see it impacting retail. We are not going shopping with bitcoin, we are taking out Western union."
https://youtu.be/SEJGFY0iDUwHe mentions that UK to the Philippines is a major remittance route and bitcoin ATMs are facilitating this today and hints at a 1% fee but I believe that bitcoin ATMs have higher margins than this. If this is happening, where is it happening and how can we speed it up?
My site
www.morsecoin.com is up and does exactly this, for only a .5% fee. It is in beta but the basic functionality is there. Private keys are handled locally and are not stored or sent across the internet. The only place they reside is in the form field itself. And there is no risk of sending bitcoin to the wrong address because the recipient must confirm it with their private key. There is no longer any need for Western Union or any wire service for anyone using bitcoin.
If you want to help speed it up I could use help marketing it and would be open to a revenue sharing arrangement. Hit me up at
admin@morsecoin.com