You've got a company like Western Union, which has been around for longer than most people have been alive, and they trust that method, that's a huge stumbling block for Bitcoin acceptance.

Gareth Grobler

Categorized in : Technology

If I buy Bitcoin and transfer it to another person, the price is very likely to change overtime, so I could send $200 worth of Bitcoin to someone, but as the price fluctuates they actually only get say $150. Bitcoin is really only going to be a better deal for someone who really understands financial markets and watches the price constantly. Further solutions need to be developed for mainstream adoption and tangible financial benefits.

technology