Is Bitcoin Really A Threat To Western Union?

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Is Bitcoin Really A Threat To Western Union?
geralt / Pixabay

A recent report from BTIG highlights the fascinating issues that crop up when upstart cryptocurrency Bitcoin interacts with the rest of the world as it moves to center stage.  Some have speculated that Bitcoin could move into the space traditionally occupied by Western Union.  BTIG explores the issue in their report:

As digital currency Bitcoin captured headlines in late November after the value of a single bitcoin rose to above $1,000 – it subsequently reached a record of $1,238 on December 4 – one of the angles the media seized