Post
Topic
Board Bitcoin Discussion
Re: Western Union would include bitcoins if they were "regulated"
by
DannyElfman
on 01/07/2014, 04:02:15 UTC
A Bitcoin ATM next to every Western Union in the world would make them obsolete.
Nah. There's a Bitcoin ATM at Hacker Dojo in Mountain View.  15% buy/sell spread, 5% fee. Makes Western Union Money Transfer look cheap.

My client pays 2% fee to send me an international cash transfer via moneygram.
Can Bitcoin ATM beat that?
Bitcoin would more likely then not be less expensive then 2%.

This price does sound low for moneygram transactions. Are they not instant transfers?