A enterprise proprietor has posted a YouTube video asserting that Western Union inexplicably banned him for life because of his dealings in central Africa. Bitcoin fixes this.
Ban Comes With out Rationalization
Within the video Ben Taylor, a.okay.a. Nice Inexperienced, discusses the institution of a pictures enterprise in Africa that included charity work. He asserts that for over three years he used Western Union to ship cash to Liberia with out incident. Nevertheless, after trying to wire funds elsewhere on the continent, the cash switch agency first blocked his switch after which knowledgeable him that he had been banned for life.
Taylor notes that he went to nice lengths to show to the cash switch enterprise that he was not a scammer, and didn’t work with scammers. Nonetheless, he has been given no rationalization as to why he’s not permitted to make use of its companies.
The writer states:
I didn’t wish to make this video, however I’ve obtained to offer a proof to my people who find themselves gonna begin to marvel why our enterprise is drying up and why I can not make use of them, or assist them. So now I’m going to be trying into issues like Bitcoin and cellular cash to maintain issues going.
In one other video posted two weeks in the past, Taylor discusses the start of the ordeal, which concerned trying to ship cash to an African lady who printed a guide in an try to lift cash for a wanted surgical procedure. On this video, he performs a transcript of his bewildering makes an attempt to get solutions as to why the switch was blocked. He additionally outlines a second equally irritating encounter with MoneyGram.
Bitcoin Is The Reply
Excessive charges and complicated enterprise practices have lengthy been an indicator of cash switch companies. Residents of underdeveloped nations are most burdened by these points, as they most incessantly depend on these firms for monetary companies. It’s for this cause that cryptocurrencies equivalent to Bitcoin are rising quickly in these areas.
Blockchain structure allows Bitcoin to be despatched quickly, and with out the byzantine processes required by firms like Western Union. Bitcoin’s decentralized structure makes it open for anybody to make use of, and transactions can’t be blocked or reversed. Most significantly, Bitcoin may be despatched for a tiny fraction of the price of legacy strategies.
Given their benefits, it is just a matter of time earlier than blockchain property equivalent to Bitcoin obtain mass use. For those who depend on Western Union, that day can’t come quickly sufficient.
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Photos through Bitcoinist Media Library, Nice Inexperienced