Does anyone expect a company like Western Union to come out and endorse a currency that can be transferred nearly instantly for practically nothing???!!!
This is their biggest issue... They have no incentive to bootstrap and provide legitimacy to what would end up becoming their biggest competitor in the future.
They are stuck - they can see the short-term huge benefits and profits from being a trusted middleman, but once it takes off and becomes accepted in the mainstream they would be cut out of the picture (and forced to pivot again...)
They are stuck - they can see the short-term huge benefits and profits from being a trusted middleman, but once it takes off and becomes accepted in the mainstream they would be cut out of the picture (and forced to pivot again...)