11 Oct '13, 7pm

Payment Processor Dwolla Unexpectedly Cuts Ties With Bitcoin

Payment Processor Dwolla Unexpectedly Cuts Ties With Bitcoin

Image credit: Linda Nylind/Guardian Payment processing company Dwolla is abandoning Bitcoin . In a surprise email to its customers on Thursday, Dwolla announced that it will be phasing out its service with digital currency exchanges and Bitcoin-related businesses, citing the "uncertainty and confusion around virtual currency" as a reason to cut ties. Dwolla will gradually pull away from digital currency businesses during the month of October. As of yesterday, only existing Dwolla users could send money to those businesses. On the 15th, the businesses will lose the ability to receive money. And on the 28th, less than two weeks later, their accounts will be suspended. In the email, Dwolla claims that digital currency businesses comprise only 0.1 percent of merchants using its service, meaning that it won't feel much impact from their loss. "As Dwolla gears up for a new stage...

Full article: http://www.entrepreneur.com/article/229382

Tweets

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...

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, 12pm

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, 10am

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 ...

given your ties to Detroit, can you comment on ...

ace.mu.nu 10 Oct '13, 6pm

« The Nevada ObamaCare Exchanges: A Case Study In Incompetence | Main | Boehner: I'll Give You a Short-Term CR Hike In Exc...

Is Bitcoin the future of money? Not a chance

zdnet.com 11 Oct '13, 2pm

ZDNet's Great Debate asks whether Bitcoin is the future of money. Bitcoin’s appeal lies in being anonymous, untraceable, a...

The Lamassu Bitcoin ATM claims to convert curre...

readwrite.com 11 Oct '13, 8pm

Choosing to use Bitcoin has always been about valuing privacy, innovation or deregulation over the convenience of fiat cur...

Real-time ranking of Bitcoin vs. Leading Global Payment Networks. Beautiful Data. #bitcoin

Real-time ranking of Bitcoin vs. Leading Global...

coinometrics.com 18 Oct '13, 1pm

This is a metric calculating the average daily transaction volume on the Bitcoin protocol in US Dollars. The measure is a ...

Bitcoin recibe otro golpe: Dwolla dejará de per...

omicrono.com 11 Oct '13, 10am

Hay muchas esperanzas puestas en Bitcoin, la moneda virtual que busca ser la gran aliada para las compras anónimas. Sin em...

The Future of Competitive Gaming Has Arrived #b...

leetcoin.com 12 Oct '13, 8pm

The Future of Competitive Gaming Has Arrived LeetCoin allows you to compete in your favorite first-person shooters for bit...

New Ransomware Scam Accepts Bitcoin Payment

New Ransomware Scam Accepts Bitcoin Payment

threatpost.com 21 Oct '13, 3pm

While the move to accept the pseudo-anonymous crypto-currency in malware-ransom payments is certainly new, it also appears...

As regulators circle Bitcoin, virtual money men ante up for the digital currency

As regulators circle Bitcoin, virtual money men...

washingtonpost.com 11 Oct '13, 2pm

Azar started talking about Bitcoin, the digital currency that has gained prominence this year for its wild price swings an...

Ransomware now accepts bitcoin as a payment method

reddit.com 18 Oct '13, 7pm

There were a few posts about Cryptolocker, which encrypts your files and holds them hostage on /r/sysadmin . Redditors did...