Post
Topic
Board Economics
Re: When will Bitcoin take over the money transfer market
by
mcdett
on 18/11/2013, 01:13:49 UTC
If I look at this:
http://coinometrics.com/bitcoin/btix
I think WU (and all competitors) has a serious problem with their core business model. It is no more a question if but more when Bitcoin will take over the market.
My estimate is at the current growth rate (0.59 % per day - that was for the past but now the growth rate seems to escalate) it will take at most one year.
My suggestion to WU would be to turn into a company for Bitcoin ATMs very fast before other companies take over this business.

I agree with this and have thought about it for a few years.  WU is foolish to not be offering this service.  As far as fincen is concerned btc is only a problem once moved into cash, and that is what WU does.... they're a regulated money exchange.

I'll send them more resumes.  I want to think they'll get it soon.