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Probably 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 t
by yeldarb 13y ago
Probably 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.