Re: Western Union would include bitcoins if they were "regulated"
http://www.coindesk.com/western-union-open-bitcoin-regulated-currency/
So basically...Western Union is whining because they have to follow regulations and want their competition, Bitcoin, regulated too.
Guess what Western Union? You are old news.
A Bitcoin ATM next to every Western Union in the world would make them obsolete.
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Thats the issue with bitcoin. We are a very regulated industry. If bitcoin is regulated and the customer wants that, I mean, why not? [...]
I am not sure bitcoin is a currency. Bitcoin is a system. It is not used as a currency, it is defined as an asset. When the reserve bank issues bitcoin and when it is regulated we would be more than happy.
I am not sure bitcoin is a currency. Bitcoin is a system. It is not used as a currency, it is defined as an asset. When the reserve bank issues bitcoin and when it is regulated we would be more than happy.
So basically...Western Union is whining because they have to follow regulations and want their competition, Bitcoin, regulated too.
Guess what Western Union? You are old news.
A Bitcoin ATM next to every Western Union in the world would make them obsolete.
These are the same people who said:
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This `telephone' has too many shortcomings to be seriously considered as a practical form of communication. The device is inherently of no value to us.
- Western Union internal memo, 1878
- Western Union internal memo, 1878
