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Stock impact report

How Bitcoin Will Reform Money Management [Forbes]

Western Union Company (The) (WU) 
Last western union company (the) earnings: 2/11 04:05 pm Check Earnings Report
Company Research Source: Forbes
The electronic coin that was introduced in January 2009 and now trades and is regulated like oil and gold, has been surging since the start of 2016 to over US$6000. (Photo by studioEAST/Getty Images) Getty Images Everyone knows that Bitcoin represents an entirely new foundation for a new financial system, displacing the old. The legacy financial system knows this, and they are racing to shift their business models, production functions, and human capital onto Bitcoin. Some of this will be straightforward, like Visa operating credit cards on top of Bitcoin, asset managers like Fidelity who allow its clients to custody Bitcoin, and international money transmittal services like Western Union that will integrate with Lightning. Tilting the legacy financial system onto Bitcoin is becoming the new conventional wisdom. But this is not, in my mind, the most radical impact that Bitcoin will have on traditional finance. Rather, it will transform traditional money management. Today, active Show less Read more
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