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This is pretty serious and brings into question all of Dwolla's million-dollar-a-day transaction volume claims. If if it is a million dollars a day--which I fin
by thinkcomp 15y ago
This is pretty serious and brings into question all of Dwolla's million-dollar-a-day transaction volume claims. If if it is a million dollars a day--which I find totally inconceivable having built FaceCash day-by-day for two-plus years--it's clearly not from mobile payments.
Dwolla isn't licensed as a money transmitter anywhere but Iowa to the best of my knowledge. Their management claims that their investors make them exempt, but that's simply not the case. If there were anyway to bring regulatory scrutiny upon oneself, processing a million dollars a day in fraudulent transactions for an unregulated cryptocurrency would be it.
Be careful!