11 Oct '13, 10am

Dwolla kills support for bitcoin

In a vague e-mail to bitcoin exchange BitBox and other merchant customers, Dwoll hints at regulatory concerns, saying that "recent interest" in virtual currency has created "uncertainty and confusion", including about the firm's "relationship with a small number of its exchanges". The start-up claims that this interest has forced it to "reassign resources, funds, and services" and that it can no longer sustain the bitcoin customer-base and its unique needs. The e-mail sets out a timeline for withdrawing support for these customers by the end of October. Although Dwolla says that bitcoin-related firms account for just 0.1% of its merchant customers, it has not revealed what percentage of its transactions involve the currency. The company has established itself as a major gateway for bitcoin's users to switch between it and dollars. However, the relationship has been tricky:...

Full article: http://www.finextra.com/news/fullstory.aspx?newsitemid=25313

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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...

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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 ...

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...

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