Chapter
The Role of Western Union in Low-Income Areas
05:36 - 12:22 (06:46)
Western Union has hundreds of upper management employees who have worked there for years and is typically located in poor, low-income neighborhoods. The company is known for sending money to countries with poor financial infrastructure and currency controls.
Clips
This podcast discusses the concept of companies having a strong brand and cash flow, yet not possessing a strong technology DNA.
05:36 - 07:41 (02:04)
Summary
This podcast discusses the concept of companies having a strong brand and cash flow, yet not possessing a strong technology DNA. It is exemplified by Subway, the largest food chain in America, that operates with just two people and a simple oven in almost all of its locations.
ChapterThe Role of Western Union in Low-Income Areas
Episode#131 - The Companies We Would Buy and Fix and A Multi-Million Dollar Rapper Snack Business
PodcastMy First Million
Western Union proves to be a great investment opportunity with its growing digital footprint that has strong free cash flow, no growth bets and assets of compliance in 200 countries, a network of 500,000 agents and a billion in cash and three billion in long-term debt.
07:41 - 09:01 (01:20)
Summary
Western Union proves to be a great investment opportunity with its growing digital footprint that has strong free cash flow, no growth bets and assets of compliance in 200 countries, a network of 500,000 agents and a billion in cash and three billion in long-term debt.
ChapterThe Role of Western Union in Low-Income Areas
Episode#131 - The Companies We Would Buy and Fix and A Multi-Million Dollar Rapper Snack Business
PodcastMy First Million
The speaker suggests injecting Bitcoin into Western Union's remittance network gradually to serve the people who need money transfers.
09:01 - 10:54 (01:52)
Summary
The speaker suggests injecting Bitcoin into Western Union's remittance network gradually to serve the people who need money transfers.
ChapterThe Role of Western Union in Low-Income Areas
Episode#131 - The Companies We Would Buy and Fix and A Multi-Million Dollar Rapper Snack Business
PodcastMy First Million
Western Union has upper management personnel who have been with the company for 20 years, making it difficult to adopt new technologies like Bitcoin.
10:54 - 12:22 (01:28)
Summary
Western Union has upper management personnel who have been with the company for 20 years, making it difficult to adopt new technologies like Bitcoin. However, creating an easy on-ramp for Bitcoin usage in countries with poor financial infrastructure could be a potential solution.