26 Nov '12, 4pm

New Post: Payments Startup Balanced Innovates In Wrong Direction - Forbes #payments #VC #bitcoin

New Post: Payments Startup Balanced Innovates In Wrong Direction - Forbes #payments #VC #bitcoin

Each of Balanced’s customers is a potential Bitcoin merchant. Zaarly is using Balanced to provide payments handling for its peer-to-peer task market. Instead of Zaarly having to build its own, it can used Balanced’s API. With Bitcoin there is a little different flow. You can’t pull funds from a Bitcoin user. Bitcoin is push only. But Balanced also handles the payout component. And that is a push transaction. Balanced could just as easily offer Bitcoin payments as it could ACH. But Balanced shows what is needed by the marketplace — a path that a Bitcoin variant could follow. Balanced is offered in the U.S. only. A bitcoin-variant could operate globally.

Full article: http://www.forbes.com/sites/jonmatonis/2012/11/26/payment...

Tweets

What's Balanced's Bitcoin strategy?

news.ycombinator.com 26 Nov '12, 6pm

This article is just, plain, silly. The author criticizes Balanced because they don't support Bitcoin? Yea, so, here's the...

It's turning into a #bitcoin kind of day. More ...

reddit.com 26 Nov '12, 4pm

It's good to see open-ended communication. Pragmatically, there's no way to avoid the traditional financial system right n...

Request for Balanced to support Bitcoin as a pa...

news.ycombinator.com 26 Nov '12, 6pm

Request for Balanced to support Bitcoin as a payout method

Request for Balanced to support Bitcoin as a pa...

github.com 26 Nov '12, 6pm

Interesting to see what the community thinks of Bitcoin as a payout method strategy. Interesting to explore the opportunit...

Thoughts on the #Thailand Startup Ecosystem by Golden Gate Ventures' Jeffrey Paine:

Thoughts on the #Thailand Startup Ecosystem by ...

e27.sg 26 Nov '12, 5am

The market size is large in itself, but because it is still a developing country, many startups are inclined to look outsi...