Western Union May Offer Digital Currency Services Similar to Bitcoin

Buying bitcoins is a convoluted process especially outside of USA. Western union certainly has infrastructure to speed-up this process for anyone who is willing to pay their outrageous fees.

It is unclear if this is an April's Fools joke. It's not far-fetched enough to be funny.

With the coverage the Bitcoin exchange rate has been getting, this was just a matter of time.

As in, how can we respond to this competitive threat that undercuts our business model while still maintaining our current revenues?

Where is the appeal in a WU created digital currency?<p>1. This will probably mean WU wants a cut of all transactions in any digital currency they create... for life. 2. No benefit over fiat currency? 3. Not anonymous. 4. All the "coins" are controlled by WU.

Hopefully hackers can bring us sound money again. Sound money as in money not debt money created out of thin air.<p>The FED is privately owned by the big banks, see "The creature from Jekyll Island". The senator Aldrichs daughter who was on the island was married to one of the bankers. The by bank created new debt money out of thin air blows up assets bubbles that the central bankers later ride in and try and save, by saving the debt bubbles losses are socialized ie its burden is put to the people through inflation instead of the bank owners/bond holders taking the losses. Central banks centrally plan the price of new money by controlling the interest rate.<p>It would be good if more viewed the documentary film "The four horsemen".

If bitcoin is going to be here in 2 years then I think it's undervalued. In some exchange it has reached past $111

What is stopping someone from looking at Bitcoin, changing something simple, and competing immediately?