What on Earth has happened to Ziggap.com?

[coastermonger]

Ziggap.com was a short-lived BTC seller that offered very quick turnovers for cash deposit.  Being more reliable and quicker than Bitinsant, they were my preferred seller initially.  Then they kept ratcheting up the fees, and then finally they went dark around late March.  Their website at www.ziggap.com describes them being "down for maintenance."

But ziggap was definitely a legit business. Based out of Delaware and registered as an MSB http://howdoyoubuybitcoins.com/from/ziggap/

Does anyone know information related as to what happened?  I understand that the price volatility can wreak havoc with merchants, but a solid business plan should account for this.

TL;DR - We need easy/quick ways to buy BTC.  Ziggap was one of them, sad to see 'em go.

[🏰 TradeFortress 🏰]

They are late on their loans and dividends to shareholders.

[crazy_rabbit]

Does anyone know information related as to what happened?  I understand that the price volatility can wreak havoc with merchants, but a solid business plan should account for this.

Sort of like how a solid business plan should have accounted for the great depression? :-)

Seriously I run buyBTC.cz, the volatility is KILLER for getting anything done. How can you plan around going to $260 in like two weeks, and crashing to $50? Bitpay says they are insulated from volatility, but I don't see how they could have been insulated from a person buying a boat at $260. They guarantee the price for 15 minutes. That's a long time in bitcoin land. :-)

Hopefully this well smooth out in the future.