Post
Topic
Board Bitcoin Discussion
Re: Dwolla stops support for virtual currencies
by
harposox
on 10/10/2013, 22:35:30 UTC
I don't live in the States and so I am not intimately familiar with how Dwolla works, so what makes them special? How are they different from other payment systems like Paypal? Why can't a Bitcoin company replicate their success?

My understanding is that they operate outside of the traditional banking system – they're essentially in the process of setting up their very own financial payments network. Not sure of the actual nuts and bolts, but part of their mission is to provide super-cheap transactions, because in their most basic form, financial transactions are simply exchanges of data. Anything under $10 is free, and anything over – even millions – is only $.25.

This is really a bummer for those of us in the States. Dwolla rocks.