YouTuber Gets Banned by Western Union for Life, Bitcoin Fixes This
A enterprise proprietor has posted a YouTube video asserting that Western Union inexplicably banned him for all times because of his dealings in central Africa. Bitcoin fixes this.
Ban Comes With out Clarification
Within the video Ben Taylor, a.ok.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 making an attempt 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 all times.
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 clarification as to why he’s not permitted to make use of its providers.
The creator states:
I didn’t need to make this video, however I’ve obtained to present 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 cell cash to maintain issues going.
In one other video posted two weeks in the past, Taylor discusses the start of the ordeal, which concerned making an attempt to ship cash to an African lady who printed a e book 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 a trademark of cash switch providers. Residents of underdeveloped nations are most burdened by these points, as they most steadily depend on these firms for monetary providers. It is for that reason that cryptocurrencies corresponding to Bitcoin are rising quickly in these areas.
Blockchain structure permits 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 will 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 belongings corresponding to Bitcoin obtain mass use. For those that depend on Western Union, that day can’t come quickly sufficient.
Is Bitcoin the de-facto cost and remittance answer? Tell us your ideas within the feedback under!
Photographs through Bitcoinist Media Library, Nice Inexperienced