They plan to have an exchange, to help convert dollars into BTC.
Can't get rid of banks that easily.
Can't get rid of banks that easily.
Agreed but with all the talk of regulation in US re: BTC at present it may be easier for them to operate a fully licensed & regulated exchange with a sympathetic banking provider.
At the minute I guess they are cashing out BTC through a 3rd party and dumping the dollar into a standard business / merchant account at a local bank. This is could be where their problems have stemmed from as the paper / audit trail is more convoluted.