solex
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May 18, 2013, 11:45:51 AM

The cool thing about this conference is that I got to chat with Brian Armstrong before he went on to Free Talk Live, and I learned why they had so many problems with low daily limits on the number of BTC they could sell. It was because of limitations placed on them by their bank, not anything inherent to their processes or backend capability. Apparently the bank has removed this limit as a result of their success in raising $5 million in additional capital.

Once awareness of this increased capability spreads, I expect it to have the same effect on the price in the medium term that their initial unveiling of ACH purchases had back at the end of January.

Great inside info JR. Interesting.