“Is bitcoin ready for primetime? Presenters at a recent Western Union conference didn’t think so. At its 2013 Consumer Protection & Compliance Conference last month, executives gave a presentation that said it wasn’t yet suitable for international money transfer. ‘My audience and the discussion for this slide was about retail consumer money transfer – remittances,’ said Jay Postma, president of MSB Compliance Inc, a company that consults on compliance issues for money service businesses. Bitcoin holds great promise for payments and settlement transactions, but it’ll take longer for it to catch on in the remittance market, he maintains.”
http://www.coindesk.com/western-union-bitcoin-international-money-transfer/
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Did RNC "Scripted" Rules Change Start A Civil War In The Republican Party?
Obama Signs Law Gutting Insider Trading Regulations For Congress
Fannie, Freddie Officially Lower Mortgage Down Payment to 3 Percent
Japanese police ask ISPs to block Tor
The U.S. Is Getting “Played” In Syria
LA Businessman Shoots Five Robbers Dead in Four Separate Incidents
Reality of Egypt – Not What You Think?
Jim Rogers on Price Inflation, Investing in Asia and China's Boom
U.S. Admits No Imminent Threat from Syria, No Clear Evidence
India's recycled Gold supply may hit 300 tons in 2013
Israelis can now buy bitcoins in person with Bits of Gold and local exchange bureau
On Target Pressure Points: The Electronic Concentration Camp
Zimbabwe threatening privacy rights with new SIM registration database
China’s Shadow Currency Addiction: ‘The Mother of All Bubbles’
Pocket Enormous Tax Savings in Puerto Rico