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Topic: 2013-11-16 Reddit - Coindrawer temporarily suspending all bitcoin buys and sells (Read 790 times)

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http://www.reddit.com/r/Bitcoin/comments/1qrt5u/coindrawer_temporarily_suspending_all_bitcoin/

http://blog.coindrawer.com/post/67170884036/update


Quote
Coindrawer launched in beta a month ago to simplify the bitcoin transaction process. Within that month, we have seen tremendous growth and an overwhelming response to our bitcoin wallet. We are thankful for all of the comments we have received and are pushing out updates daily in response to the suggestions we are getting.

However, despite the quick growth we have encountered, Coindrawer must temporarily suspend all bitcoin buys and sells. While we have been using Bank of America to facilitate ACH transfers, it has recently and abruptly implemented a new policy decision wherein it will no longer process ACH transactions for bitcoin-related companies. We are presently in the process of finding a new bank to complete these ACH transactions for us and welcome any suggestions.

While we secure a new bank, you will not be able to purchase or sell bitcoins through Coindrawer, though currently pending buys and sells will be completed. All other features of Coindrawer remain available and bitcoins stored in your wallet are, as always, secure.

Please feel free to contact us at [email protected] with any questions. We apologize for any inconvenience this may cause.
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