Western Union Revenue Drops amid Rise of P2P Services such as Bitcoin

In a new report by FXCompared, it has become evident the money transfer business is starting to lose momentum. In most cases, sending money around the world remains a very expensive business. Up-and-coming solutions such as cheaper remittance, and even cryptocurrencies, present far cheaper and global options. Mostly Western Union is losing out on a lot of money. Not entirely surprising given their ridiculous fees...

http://www.newsbtc.com/2016/10/19/western-unions-revenue-drops-amid-rise-p2p-services-bitcoin/