Bitcoin Forum
April 26, 2019, 05:05:43 PM *
News: Latest Bitcoin Core release: 0.17.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Neteller Banning BTC (eCurrency)  (Read 1884 times)
Seanzqt
Sr. Member
****
Offline Offline

Activity: 267
Merit: 250


View Profile
July 31, 2014, 02:06:33 AM
 #1

Hey!

Came across this just now, it seems that Neteller is Banning BTC whilst others are embracing it. Personally, I think Neteller has started banning way before 2 days ago, they are really hard to deal with and they refuse to speak about your account when they close your account.

You can get away with this by adding comments that don't stipulate anything relating to BTC or Work since Neteller doesn't allow payments over it's service when it comes to work related activities.

http://guardianlv.com/2014/07/bitcoin-looks-for-foothold-in-gambling-industry/

Quote
As the crypto-currency Bitcoin continues to weather controversy, entrepreneurs are hoping that the use of Bitcoins will gain a foothold in the online gambling industry. On the heels of  a scandal that continues to shake the struggling digital currency, one important e-commerce company has banned Bitcoin, and a U.S. court has stopped the sale of a major Bitcoin trading site. Though shaken, enthusiasts and business people still hope that Bitcoin can find a home in online gaming.

After the February implosion of Bitcoin trading site Mt. Gox, the crypto-currency seemed on the edge of failure. Bitcoin was created in 2009, and by December of 2013, it was worth a record $1,151. In February, Mt.Gox, a website created to sell “Magic: The Gathering” cards that had become one of the largest Bitcoin traders, reported that the trading of Bitcoins had been hacked, and shut down all trading. After that, the value of Bitcoins was more than halved. On February 25, the day that Mt.Gox announced they would halt all transactions, Bitcoins were worth around $534. Their lowest value since the collapse of Mt.Gox was around $360 in April. Today, Bitcoins are worth around $598. Now, an auction of Mt.Gox-related site Bitcoins.com that was scheduled for Thursday has been postponed.

Bitcoins.com, a website owned by Mt.Gox’s former CEO Mark Karpeles, was scheduled to have its domain name auctioned off by Heritage Auctions. The court order halting the sale comes from a lawsuit in which Mt.Gox is involved against former partner company, CoinLab. CoinLab asserts that Mt.Gox still owes money to the company, and by selling this domain name and other assets, Mt.Gox will avoid giving CoinLab the money that is owed. Marsha Pechman, a U.S. federal judge, agrees, and granted an order delaying the auction for 14 days.

Along with the hit that Bitcoin’s popularity took in the wake of the MT.Gox scandal, it has recently been banned by influential internet payment service NETELLER. Located on the Isle of Man, NETELLER is one of the leaders in digital currency transactions, specifically when it comes to the online gambling industry. The Isle of Man itself has become a center for Bitcoin commerce, and while other companies have made no moves to ban Bitcoin, and in fact are embracing it, the island is making moves to regulate the digital currency so the island can capitalize on it.

Though NETELLER has moved to ban Bitcoin, other companies have taken to the digital currency. In the United States, the World Poker Network has joined with Betcoin Poker to create a Bitcoin-dedicated poker room for players. Players deposit Bitcoins into the site’s system, converting them into U.S. dollars immediately and having no trouble withdrawing funds when ready. This could either become a huge problem or a nice boon for the Bitcoin industry. As Bitcoin users lose places to make their digital transactions, they could turn to these poker sites as a method of just changing their Bitcoins to dollars and cashing out of the system. Conversely, this could also bring people into Bitcoins, providing an entry point through these poker sites. Of course, there is a chance that Bitcoin could prove too popular, and paint itself into the corner of being only for gambling, failing to reach the mainstream at all.

As commerce turns increasingly online, the troubled digital currency Bitcoin rests its hopes on online gambling. While the online gambling industry may be Bitcoin’s savior, there is also the chance for online gambling to force Bitcoin into a niche, keeping it out of the mainstream.
1556298343
Hero Member
*
Offline Offline

Posts: 1556298343

View Profile Personal Message (Offline)

Ignore
1556298343
Reply with quote  #2

1556298343
Report to moderator
1556298343
Hero Member
*
Offline Offline

Posts: 1556298343

View Profile Personal Message (Offline)

Ignore
1556298343
Reply with quote  #2

1556298343
Report to moderator
1556298343
Hero Member
*
Offline Offline

Posts: 1556298343

View Profile Personal Message (Offline)

Ignore
1556298343
Reply with quote  #2

1556298343
Report to moderator
100% New Software
PC, Mac, Android, & HTML5 Clients
Krill Rakeback
Low Rake
Bitcoin Poker 3.0
Bad Beat Jackpot
SwC Poker Relaunch
PLAY NOW
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1556298343
Hero Member
*
Offline Offline

Posts: 1556298343

View Profile Personal Message (Offline)

Ignore
1556298343
Reply with quote  #2

1556298343
Report to moderator
1556298343
Hero Member
*
Offline Offline

Posts: 1556298343

View Profile Personal Message (Offline)

Ignore
1556298343
Reply with quote  #2

1556298343
Report to moderator
1556298343
Hero Member
*
Offline Offline

Posts: 1556298343

View Profile Personal Message (Offline)

Ignore
1556298343
Reply with quote  #2

1556298343
Report to moderator
shorena
Copper Member
Legendary
*
Offline Offline

Activity: 1484
Merit: 1288


No I dont escrow anymore.


View Profile WWW
July 31, 2014, 10:16:20 AM
 #2

They can not ban bitcoin. The may not accept bitcoin, which is their choice. They may ban your account if they think you are dealing with bitcoin, which makes it a bad service.

Most likely they are affraid. Same as paypal, fuck them, move on.
Nas
Full Member
***
Offline Offline

Activity: 169
Merit: 100


View Profile
July 31, 2014, 10:36:48 AM
 #3

so, Bitcoin community ban Neteller.
lihuajkl
Legendary
*
Offline Offline

Activity: 1568
Merit: 1000



View Profile
July 31, 2014, 11:08:54 AM
 #4

Should balance pros and cons banning BTC before making any decision. Neteller is operating on many countries which have different policies on BTC. Some countries are banning btc. Banning btc probably won't cause problems to them in such countries.
tutkarz
Hero Member
*****
Offline Offline

Activity: 546
Merit: 500


View Profile
July 31, 2014, 11:24:18 AM
 #5

Should balance pros and cons banning BTC before making any decision. Neteller is operating on many countries which have different policies on BTC. Some countries are banning btc. Banning btc probably won't cause problems to them in such countries.

Yes but wont do any good for them either which means they will die slowly and they wont stop bitcoin anyway.

blatchcorn
Sr. Member
****
Offline Offline

Activity: 546
Merit: 251


View Profile
July 31, 2014, 11:45:41 AM
 #6

Why does everyone love to use the ban hammer when it comes to Bitcoin?  Not accepting Bitcoin is far more accurate.

[
Ron~Popeil
Sr. Member
****
Offline Offline

Activity: 406
Merit: 250



View Profile
July 31, 2014, 01:24:15 PM
 #7

Their loss will be someone else's gain. I can't see a reason not to accept bit coin for any business but it is their prerogative.

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!