[2014-12-18] Future Unclear for Romanian Bitcoin Exchange as Users Withdraw Fund

[zakoliverz]

http://www.coindesk.com/future-unclear-romanian-bitcoin-exchange-users-withdraw-funds/

,000 merchants unaffected

According to statements from Netopia mobilPay, the issues at exchange will not affect its ability to allow merchants to accept bitcoin, since BTCXchange did not handle processing on behalf of retailers. Netopia mobilPay also partnered with bitcoin processor Coinzone at the time to enable this part of its service.

Representatives from Netopia mobilPay declined to comment further on the exchange's latest announcement, although they expressed optimism about their bitcoin program, as well as the prospects for bitcoin adoption in Romania.

"Our plans and interest with bitcoin is bigger than ever. We want to position ourselves in the forefront of the regional bitcoin movement," Netopia mobilPay CEO Antonio Eram told CoinDesk.

One of the largest online payment processors in Romania, Netopia mobilPay has projected that it will process up to €100,000 in bitcoin payments over the first few months of service.

[XCoinCall]

This seems like a setback for sure. It's important to reiterate that adoption is really the only concern here. As long as people want a service, there will economic incentive for it to be there. Which means there's no cause for alarm in the long term.