New Dwolla Real-time payments - Discussion Thread

[hamiltino]

"Pay instantly and get paid instantly. It’s just how payments in the modern world should work."
http://blog.dwolla.com/real-time-payments/


Dwolla recently introduced first truly real-time internet payment system(Dwolla Credit's). Do you think this will have any impact on bitcoin adoption? or is it really insignificant in the grand scheme of things.

Discuss thoughts here.

[davout]

It's not instant payments that's new, it's instant credit.
Dwolla was already doing instant payments.

And yes, nobody cares, and nobody should care.

[meanig]

What does change is that whenever your customer pays with credit, your business gets paid instantly. As a merchant, you won’t wait days on end waiting to get access. The second the consumer makes the purchase you have access to the money inside the Dwolla network.

So the merchant can only spend the credit with another Dwolla merchant. In other words Dwolla has created Dwolla Bux!