George McKinney Adventures in Software Development

August 16, 2020

Western Union and Bitcoin

Filed under: Bitcoin,Blockchain,Western Union — georgemck @ 2:15 pm

Wiley Post’s Mother Sent a Telegram Worth More Than Money


Cryptocurrency counter argument
DECEMBER 5, 2018
“ wouldn’t be a big reach for WU to add a cryptocurrency to its customer options right now because we’ve already been transferring money digitally for two decades.”
“…cryptocurrencies have so far failed to achieve broad acceptance because they have yet to master three things: governance, compliance and volatility.”

Is Bitcoin a Viable Currency? Interview with David Thompson
FEBRUARY 3, 2017
“If you think about a society that wants to completely adopt cryptocurrency for its entire ecosystem—you could take a small country, controlled maybe by a central bank with a set price and a set exchange rate—there could be a real use for cryptocurrency because it would reduce the cost of printing, distribution, security, and many things.”

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