“Woo draws up a very bullish comparison between bitcoin and Western Union, MoneyGram, and Euronet, the world’s largest wire transfer companies. He frames it in the context of those companies’ market cap (or enterprise value, which includes debt), and compares it to Bitcoin’s market cap, which is now $13 billion. So bitcoin is technically already worth nearly three-times as much as the average market cap of the big three wire companies. Woo includes a chart comparing bitcoin specifically to Western Union.”
http://www.businessinsider.com/bitcoin-can-be-the-new-western-union-2013-12
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Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
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