Western Union would never allow their service to be used for instant buying of bitcoins, if they find out you're using it to trade any kind of digital currency they seize your next transactions and block anything going to your service. This is to prevent scammer MITM auction fraud, credit card fraud on their online transfer sending service, to comply with anti money laundering nonsense and to crush competitors.
MG is the same. To reach critical mass, you'll need to sign up existing stores or prepaid card distributors to sell vouchers for you much like how Ukash works. Then you can walk into a corner store and buy with cash a voucher to plug into the site and get coins immediately. For this not to fail like bitinstant you need a huge amount of VC finance to float between collecting cash revenues and fronting coins to buyers.
Ukash still isn't allowed into the US market, Paysafecard was only allowed in because they sold crippled vouchers that can't be used for online gambling. Bitcoin can be used for anything, so unlikely the feds would greenlight this either and not end up seizing your company and jailing everybody whenever Nevada government complains about your service enabling gambling that doesn't benefit them, or copyright lawyers cry it is being used to pay for one of those automatic torrent download services so you don't reveal your US home IP.
That is not the case. Bitinstant has been using MG for a long time, they still use them today. The fact that Bitinstant itself has gone off the rails doesn't change the MG policy apparently allowing these transactions.
They use ZipZap which is owned by moneygram, it's a different setup where retailers can accept cash payments and isn't available everywhere like Wu or regular MG
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Western Union would never allow their service to be used for instant buying of bitcoins, if they find out you're using it to trade any kind of digital currency they seize your next transactions and block anything going to your service. This is to prevent scammer MITM auction fraud, credit card fraud on their online transfer sending service, to comply with anti money laundering nonsense and to crush competitors.
MG is the same. To reach critical mass, you'll need to sign up existing stores or prepaid card distributors to sell vouchers for you much like how Ukash works. Then you can walk into a corner store and buy with cash a voucher to plug into the site and get coins immediately. For this not to fail like bitinstant you need a huge amount of VC finance to float between collecting cash revenues and fronting coins to buyers.
Ukash still isn't allowed into the US market, Paysafecard was only allowed in because they sold crippled vouchers that can't be used for online gambling. Bitcoin can be used for anything, so unlikely the feds would greenlight this either and not end up seizing your company and jailing everybody whenever Nevada government complains about your service enabling gambling that doesn't benefit them, or copyright lawyers cry it is being used to pay for one of those automatic torrent download services so you don't reveal your US home IP.
That is not the case. Bitinstant has been using MG for a long time, they still use them today. The fact that Bitinstant itself has gone off the rails doesn't change the MG policy apparently allowing these transactions.
They use ZipZap which is owned by moneygram, it's a different setup where retailers can accept cash payments and isn't available everywhere like Wu or regular MG
Yes, ZipZap runs through MG's bill pay service, which is far cheaper than sending a regular MG and is offered at virtually every MG site.