UPDATED 15:30 EDT / DECEMBER 12 2011

NEWS

Dwolla Will Unveil Paradigm Shift in Business on December 15th

The now-famous, social media fueled finance network Dwolla is set to entirely change the way that they do business on Dec 15, 2011.

This upcoming celebration and unveiling will be hosted in Des Moines, IA at a location named Vaudeville Mews. If you intend to join them, be sure to register your attendance so that they can properly set their logistics.

For those not able to attend, there will be a virtual attendance available via a live feed delivered by the folks at Silicon Prairie News.

For the Bitcoin community, a finance network that eschews fees and makes an end-run over the necessity of credit cards for online payments, Dwolla became a go-to solution for sending an receiving payments when involved with exchanging bitcoins. As a finance network, Dwolla has also worked tirelessly to develop new and avant-garde forms of payment methods for online and brick-and-mortar retail.

For some time now, Dwolla has been hinting at an instant-transaction mechanics within their finance network. In March 2011, many thought that the service would be brining that with instant ACH bank-to-bank transfers with FiSync.

If the payment network company does come out with instant-transfer finance mechanisms it will bring about a revolution of rapid-liquidity for Bitcoin transactions.

In a recent interview with Business Insider, Ben Milne, founder of Dwolla, spoke about the bumps-and-bruises his tiny startup faced when he began his epic trek into making a payment network. He spoke about how Dwolla intended to compete with credit card companies and PayPal alike by allowing payment transfers with little or no fees. Even today, nearly a year after the company’s debut into the national scene, Dwolla only charges 25 cents for any transaction over $10 and does not charge for microtransactions.

During its rise to popularity, Dwolla has hit an average transaction volume of $5000 dollars. Milne explains, that the network as a whole moves a volume of $30 to $50 million per month.


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