27 Jul '16, 4pm

TransferWise Blocks Money Transfers To Bitcoin Companies - The Merkle

TransferWise Blocks Money Transfers To Bitcoin Companies - The Merkle

It is not the first money transfers to Bitcoin-related services are blocked by financial institutions. However, it is the first time TransferWise is doing so, even though they have not been overly kind to Bitcoin so far. Cashila and ICONOMI users can no longer receive funds through Transferwise, which is rather annoying when making a deposit. TransferWise Becomes A Roadblock For Bitcoin Services Most people know the TransferWise name as a company making big wave sin the Fintech industry. By targeting the money transfer service, this company attempts to offer much cheaper remittance rates. Moreover, they allow users to send bank transfers to other countries for a very low price. This had made them rather appealing to users of Bitcoin exchange platforms in recent months. That being said, Cashila and ICONOMI users got a nasty surprise when dealing with TransferWise for deposi...

Full article: http://themerkle.com/transferwise-blocks-money-transfers-...

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