Post
Topic
Board Bitcoin Discussion
Re: extinguishing Western union
by
moni3z
on 19/07/2015, 06:00:19 UTC
Western Union cancels transactions all the time for no reason except "business decision". My last 2 xfers to Africa to pay graduate students for work were cancelled. When I went to go pick them up the girl behind me had her WU that she sent to her parents in Peru cancelled too.

They should die and bitcoin should replace them. If I can't find somebody on localbitcoins I usually then turn to Worldremit, as they have dozens of local payout methods as I need MTN Mobile Money in Rwanda/Uganda often, and MPESA in Kenya. I don't think bitpay or coinbase will allow their services to be used for remittance though or else Worldremit could accept them unfortunately.

A totally decentralized remittance method, that abstracts away all the complexities of bitcoin would be ideal. I like localbitcoins but it's centralized so if they are down everything is down, plus fees are large for small traders in the developing world, should be a free market of exchange fees.