— Covering digital currencies, precious metals and online payments
Dwolla is an online and mobile payment system, similar to PayPal, however, Dwolla’s fee’s are much lower at $0.25 per transaction over $10, and transactions under $10 free of charge. Like PayPal, Dwolla is based on the US dollar. Un-like PayPal, you can use it to purchase bitcoins at exchanges such as Mt.Gox.
Dwolla has just announced their new mass payment system, appropriately titled MassPay.
Vietnam’s gold ban, ‘ghost inventories’ in China’s steel industry, more community currencies, possibilities for exotic new transaction types with Bitcoin and more.
Earlier in the week this story of a fake 10 Oz gold bar found in Manhattan’s jewelry district hit the web.
If you’re worried about your gold or silver, there is an easier way to spot a fake than drilling into your bars. Ultrasonic gauge thickness testing.
Monetas is a digital finance company run by Johann Gevers and “Fellow Traveler” Chris Odom, the creator of the OpenTransactions open source software. The aim of the business is to build high-end applications using the OT software, and they have just announced two new products.
New stuff from Open Transactions, Bullion Vault and the ever evolving Bitcoin.
I have recently heard, from a seemingly very knowledgeable source, that Bitcoin’s Android client is getting offline abilities. This means a transaction can be completed with only the merchant connected to the internet.
