/Bitcoin was supposed to kill Western Union — that hasn't happened

Bitcoin was supposed to kill Western Union — that hasn't happened



Bitcoin was envisioned as a “peer-to-peer electronic cash system” in Satoshi Nakamoto’s original 2008 white paper, and one of its biggest appeals was frictionless international payments. Bitcoin promised shorter transfer times and lower transfer fees than you’d get at Western Union or another money …

Source: Bitcoin was supposed to kill Western Union — that hasn’t happened