New eWallet called Coinbase promises 0.5% BTC/USD conversation rate

[Serith]

Simple Bank Transfers
Add and withdraw funds directly to your bank account. We charge just 0.5% when you convert your money into or out of bitcoin. (coming soon)

Does anyone know how this could be possible?

More about Coinbase here.

[BitPay Business Solutions]

Y-Combinator getting into the bitcoin wallet business is great news.  They are the one company with some push to get through Apple.

[Yankee (BitInstant)]

I met the developer last night, it's legit.

How does he plan to mitigate fraud ?

[Serge]

Simple Bank Transfers
Add and withdraw funds directly to your bank account. We charge just 0.5% when you convert your money into or out of bitcoin. (coming soon)

Does anyone know how this could be possible?

More about Coinbase here.

great name and great business concept.
this service would be a killer if it comes through, wishing them best and hoping to enjoy using their service soon

[evoorhees]

Y-Combinator getting into the bitcoin wallet business is great news.  They are the one company with some push to get through Apple.

+1  BTC FTW

[Kris]

The more the merrier.

[ffe]

+1

[Bitcoin Oz]

I wonder if this is the cause of the $200 000 wall on btc-e.com

Glad I bought shitloads of coins recently...