OpenRuby.com

25 Jan '13, 6am

Dwolla Begins PayPal-Style Account Suspensions - #Bitcoin

Within the Bitcoin community, payment processor Dwolla was pretty popular in its time. They were the preferred method of getting into and out of Bitcoin from the U.S. Dollar specifically because they claimed zero chance of chargebacks and appeared to be a small business run by decent people who weren’t necessarily Bitcoin-friendly but at least didn’t seem to be Bitcoin hostile. Since those early days, tension has built between Dwolla and Bitcoiners and may have just reached the point of no return: Dwolla has moved beyond closing the accounts of those it can prove are operating unlicensed exchanges and has begun closing the accounts of private individuals based on a mere affiliation. It’s not just some random Bitcoiner they began with, either. On Wednesday, January 23rd Dwolla suspended the account of StompRomp founder Josh Harvey. Here are the circumstances: Josh uses his ...

Full article: http://codinginmysleep.com/dwolla-begins-suspensions/

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