A fixed-price currency where bitcoins can be bought and sold.
The exchange rates are based on the current BTC/USD market rate from MtGox.
The only currency traded for bitcoins by this service is BRL (Brazilian Real).
Payments are sent and received through, MoIP (Money over IP) which transacts using the bank wire network. Transactions are processed manually and may take 24 hours after to be processed. Proceeds from sales will encounter an additional delay.
The service was announced on May 8th, 2011. The site has gone offline during June, 2011.