Bitmarket.lt Takes Bitcoin’s Fight Against Big Banks to Court

A close look at recent headlines reveals the current reality for the bitcoin industry – that despite the potential world-changing promise of its underlying technology, its businesses are still facing hurdles when attempting to bring their products and services to market.
However, not all startups are taking the indecision of banks lightly.
Lithuania-based bitcoin startup Bitmarket.lt is fighting back against its former bank, Swedish financial services giant Swedbank, after it shut down the company’s accounts. Launched in late 2013, the dispute created headlines in Lithuania, and as of September, it’s still being fought in court.
Speaking to CoinDesk, founder Audrius Ramanauskas said that Bitmarket.lt has since found a stable banking partnership, but that now, he’s carrying on the fight for the greater community good.
Ramanauskas told CoinDesk:

This post was published at Coin Desk on September 18, 2014.