2012-07-12 notioncapital.com: "The Currency Cloud closes £2 million investmen.."

[Spekulatius]

Notion Capital, the entrepreneur-backed venture capital firm with a focus on Cloud Computing and Software-as-a-Service, today announced its first investment from the recently closed $100 million, Fund 2.

About The Currency Cloud www.thecurrencycloud.com Launched to market in 2012, The Currency Cloud is a low cost, transparent, end-to-end cloud based cross currency payments automation service that is changing the face of the global foreign exchange payments industry. The service makes the complexity of international payments processing simple and removes the inefficiencies and costs that are inherent to existing methods of sending and receiving international payments.

http://notioncapital.com/currency-cloud-closes-%C2%A32-million-investment-notion-capital

[Spekulatius]

What's the currency cloud?
Any similarities to bitcoin?
Could someone pls explain, the article is not very specific on it.

[kiba]

What's the currency cloud?
Any similarities to bitcoin?
Could someone pls explain, the article is not very specific on it.

It sounds like they're playing business bingo to me.

[kiba]

Plus, this have nothing to do with bitcoin.

[proudhon]

So, wait, is this like Dwolla, but vaporware?

[kiba]

So, wait, is this like Dwolla, but vaporware?

The site is real but I have no idea what it's supposed to do.

[TraderTimm]

http://connect.thecurrencycloud.com/api-docs/introduction-tcc-connect-api/

Looks like it is a automated currency-exchange service. Didn't see any bitcoin references, so they are probably taking a scoop off the top for operating expenses and just routing money via ABA/Swift/Whatever instead.

How pedestrian.
 

[istar]

Does it matters, as all the worlds currencies are becoming worthless...

[Boussac]

It seems that they might have overlooked bitcoin..
I hope for them that they did not spend too much on legacy systems.

[Yankee (BitInstant)]

It seems that they might have overlooked bitcoin..
I hope for them that they did not spend too much on legacy systems.

They have not overlooked Bitcoin

The CEO of Currency Cloud Mike Laven is a friend of ours, and Bitinstant has already signed a partnership agreement with them to handle Bitcoin business.

I can't say anymore, but you will see an announcement within 2 weeks.

-Caharlie

[rjk]

It seems that they might have overlooked bitcoin..
I hope for them that they did not spend too much on legacy systems.

They have not overlooked Bitcoin

The CEO of Currency Cloud Mike Laven is a friend of ours, and Bitinstant has already signed a partnership agreement with them to handle Bitcoin business.

I can't say anymore, but you will see an announcement within 2 weeks.

-Caharlie

Bad ass and ahead of the curve, as usual.

[Yankee (BitInstant)]

It seems that they might have overlooked bitcoin..
I hope for them that they did not spend too much on legacy systems.

They have not overlooked Bitcoin

The CEO of Currency Cloud Mike Laven is a friend of ours, and Bitinstant has already signed a partnership agreement with them to handle Bitcoin business.

I can't say anymore, but you will see an announcement within 2 weeks.

-Caharlie

Bad ass and ahead of the curve, as usual.

Slowly but surely compliance dep'ts are getting to understand Bitcoin.

Currency Cloud was our hardest since they are owned by a few UK banks.

However, after meetings and such we got the green light about 6 weeks ago.