10 Oct '13, 9pm

Dwolla

Dwolla

Dwolla has announced it can no longer work with virtual currency exchanges and other bitcoin-related services. The online payment system provider emailed its customers who operate companies related to bitcoin and other virtual currencies to inform them it is withdrawing its services as of 28th October at 16:00 CT. Dwolla’s reasons for doing so aren’t exactly clear, with the email stating: “Recent interest involving virtual currency and its exchanges has created uncertainty and confusion around virtual currency, and Dwolla’s relationship with a small number of its exchanges. This has forced Dwolla to reassign resources, funds, and services. As Dwolla gears up for a new stage of growth, we recognize that we can no longer sustain this merchant base (0.1 percent of Dwolla merchants) and its unique needs, and that attempting to do so jeopardizes both of our communities’ starkly...

Full article: http://www.coindesk.com/dwolla-bitcoin-companies-virtual-...

Tweets

Payments company Dwolla abruptly announces the ...

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Payment processing company Dwolla is to cease working with virtual currency Bitcoin from the end of this month, in an unex...

Payments company Dwolla abruptly announces the ...

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