I happened to see that Western Union has a 11.7% dividend, which is obscenely high for a $2.5B market cap stock. However, the stock price despite this dividend would seem to be a reflection that no one has any faith in Western Union. This makes sense as bank access increases domestically and across emerging markets, and other means of transferring currency (Bitcoin) have risen.
Considering Stacker News is focused on the values of Bitcoin versus fiat, I want to ask you all: Is there a world where Western Union becomes relevant again, or is it cooked?
All it has to do is announce a pivot to AI and it will skyrocket to 100B market cap in no time.
Missed a key opportunity to become a bitcoin treasury stock and say it had a plan to transfer bitcoin in some new way and people would bite
Bruh a day ago they announced that Bybit integrated their stablecoin and were the first major exchange to do so. I was close! (Stock still went down)
https://finance.yahoo.com/markets/crypto/articles/bybit-becomes-first-major-exchange-173300949.html
Or this haha
Yep... that's where we are
Western Uni
onaiMy first look at'WU', had Wu Tang Clan. After I looked twice, I saw it's about Western Union, one of the problems that led me to Bitcoin.
Thanks for the reminder
to be fair, cash rules everything around them too
With ungodly fees
They can always pivot. One would have to listen to their conference calls and hear how the CEO will increase revenues and profits