On: This 28-Year-Old Is Making Sure Credit Cards Won't Exist In The Next Few Years

[viggity]

I'm from Des Moines and know a couple of people that work at Dwolla. I haven't heard anything about Dwolla doing a lot (if any) bitcoin transactions. Do you have a source on that?

Dwolla has an API so any point of sale system can integrate with it if they so choose, but I believe that most retail locations that accept Dwolla either check the dwolla website, iphone or androids apps for incoming payments.

[waterlesscloud → viggity]

They're one of the easiest ways to transfer funds into MtGox, the main USD bitcoin trading site.

I don't have any idea what percentage of their transactions are bitcoin related, but it's definite that it accounts for at least some of it.

[thinkcomp → viggity]

Here are some Bitcoin/Dwolla links:

https://en.bitcoin.it/wiki/Dwolla

https://en.bitcoin.it/wiki/MtGox#Dwolla

http://www.siliconprairienews.com/2011/07/as-bitcoin-exchang...

I'm not aware of any POS companies that have actually implemented the Dwolla API, but I could be wrong.

[eslachance → thinkcomp]

I don't see any source that would lead me to believe that "Most" of the Dwalla transactions come from BitCoin, anywhere in your 3 links.

"A portion of" or "part of" does not mean "most of", any way you look at it. So, do you have any concrete sources?

[ebaysucks → viggity]

Both TradeHill and MtGox stated a couple of months ago that they were the two largest clients of Dwolla.

Than Dwolla did chargebacks and SHTF in the Bitcoin world.