11 Oct '13, 9am

Payments company Dwolla abruptly announces the closure of its Bitcoin service by @jonrussell

Payment processing company Dwolla is to cease working with virtual currency Bitcoin from the end of this month, in an unexpected move that is likely to impact a number of Bitcoin startups. In an email to customers (highlighted by Coindesk ) Dwolla, which processes “millions” of dollars in payments per day, says there is “uncertainty and confusion” around Bitcoin and its service is not sustainable — although it could be linked to other factors. Back in May, the US Department of Homeland Security seized $2.9 million in Bitcoin from Dwolla, as part of an investigation into Mt. Gox, the Web’s largest exchange service. Mt. Gox. itself suspended US dollar services on its Bitcoin exchange for two weeks this summer in what may also have been related to the US government investigation. Dwolla’s email to business customers contains no mention of that raid or any other specifics: Rec...

Full article: http://thenextweb.com/insider/2013/10/11/payments-company...

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Payments company Dwolla abruptly announces the ...

thenextweb.com 11 Oct '13, 9am

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

Dwolla kills support for bitcoin

finextra.com 11 Oct '13, 10am

In a vague e-mail to bitcoin exchange BitBox and other merchant customers, Dwoll hints at regulatory concerns, saying that...

Dwolla kills support for bitcoin

finextra.com 11 Oct '13, 12pm

In a vague e-mail to bitcoin exchange BitBox and other merchant customers, Dwoll hints at regulatory concerns, saying that...

Dwolla

Dwolla

coindesk.com 10 Oct '13, 9pm

Dwolla has announced it can no longer work with virtual currency exchanges and other bitcoin-related services. The online ...

Payment Processor Dwolla Unexpectedly Cuts Ties With Bitcoin

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