I'm curious on how true this is. Is there any more information available? Perhaps a phone call to those Chase and Wells Fargo branches?

Here is another article:
http://tradewithdave.com/?p=7764

Also see the annoucement thread:
https://bt.irlbtc.com/view/36602.0

This deposit method is working great for us.  Feel free to give it a try: buy a bitcoin or two!


-Arthur

Hi Serge,

Thank you for your concerns.

We are doing everything we can to ensure it remains mutually beneficial for ExchB and any bank that we would partner with.

As you mention, these are very large operations that are well-equipped to help any business that wants to use their services to collect funds. If you need to collect cash you can use their tellers. If you need to receive lots of checks they provide check scanners and PO Boxes....all for a fee.

Time will tell if something comes up that changes what we can do in respect to instant cash deposit, but until then we encourage anyone who wishes to, to give it a try. How else can a large number of people buy Bitcoin the same day?

Thank you,

David (weex)

It is very sad. With the advent of digital money, the banks have handed an opportunity for dramatic expansion of a police state to the politicians who have shown no restraint whatsoever to assume the worst of the citizenry (guilty until proven innocent) and enacted the obnoxious KYC and attendant laws for wholesale invasions of financial privacy. In this respect, digital fiat money as we know it is deficient as money since it it then becomes less fungible than physical cash.

Off shore account, off shore account!

I'm guessing this is already done.  It's not just for the movies kids, if you live in America, you should have a non-American account.  Make sure to review heavily which island and bank you pick