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Some context, since Ben assumes you know who he is, and, more bizarrely, doesn't put a bio anywhere on his site: Ben Milne is a founder of Dwolla. Dwolla was s
by sbierwagen 13y ago
Some context, since Ben assumes you know who he is, and, more bizarrely, doesn't put a bio anywhere on his site:
Ben Milne is a founder of Dwolla. Dwolla was sued by TradeHill in 2012: http://betabeat.com/2012/03/dwolla-was-just-sued-by-bitcoiners-for-2-m/ http://betabeat.com/2012/03/dwolla-was-just-sued-by-bitcoine...
Dwolla also came to the attention of the DHS in 2013: http://pando.com/2013/05/14/dept-of-homeland-security-freezes-accounts-between-dwolla-and-bitcoin-exchange-mt-gox/ http://pando.com/2013/05/14/dept-of-homeland-security-freeze...
- yeldarb 13y agoProbably more useful to HN readers than links to articles about their drama surrounding bitcoin: Dwolla is a payments company that has built their own network to skirt credit card transaction fees. They charge a flat fee of 25 cents for transactions over $10 and transactions under $10 are free. They also raised 16.5MM from Andreesen Horowitz last year: http://techcrunch.com/2013/04/30/payments-network-dwolla-raises-16-5-million-series-c-from-andreessen-horowitz-others-expands-to-san-francisco http://techcrunch.com/2013/04/30/payments-network-dwolla-rai... Also, many involved in Bitcoin dislike them because they were originally one of the only ways to transfer USD to BTC exchanges and stopped allowing that due to problems with fraud and law enforcement. So that will color a lot of the Internet comments you read about them.