Exchange lets users pay cash for Bitcoin at bank branches.
A Bitcoin exchange has begun letting people buy the virtual currency the old fashioned way, by depositing cash at 15,000 Chase and Wells Fargo bank branches.
Launched in May, US-based ExchB says that “one of the biggest issues for new buyers of Bitcoin is being able to deposit funds quickly”.
To tackle this it is enabling users to walk into bank branches, deposit cash or cheques and e-mail an image of the receipt. Cash clears as soon as the e-mail is verified and cheques usually clear overnight.