Beyond Bitcoin: Circle Pivots to Next-Gen Blockchain-Enabled Social Payments
The Wall Street Journal posted a story on December 7, 2017 titled “Bitcoin Powerhouse Will Pull the Plug on Bitcoin.” In fact, “bitcoin bank” Circle Internet Financial announced that, among other developments, it will no longer offer customers the ability to buy and sell bitcoins. "Using bitcoin for speculative trading or people buying and selling....
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Anyone with iOS 10 will soon be able to use blockchain payments app Circle to send and receive payments directly within Apple’s iMessage app. Circle for iMessage represents a major step in the evolution of social message payments in the West, similar to what has already happened in China. Circle for iMessage is available from the App Store. Users updating to iOS 10 will automatically have Circle for iMessage. Send And Receive Within iMessage. Users will be able to send dollars, pound sterling, euro and bitcoin to anyone directly inside of iMessage. They will fund payments and cash out....
Blockchain payments firm Circle has integrated with Apple's iMessage, a move that allows users to send payments in dollars, euro, pound sterling and bitcoin through the popular texting platform. Circle executives said the launch marks the end of preparations that began in June, when Apple announced it would open up iMessage to third-party developers. "We decided to jump on it," Circle CEO Jeremy Allaire said in an interview. "We had been planning to build out a model for app-less payments using Circle that would work in all the places people communicate and interact."....
“Bitcoin Bank” Circle announced that people in the U.K. can now experience social payments over the open Internet in their native currency, pound sterling (GBP), using Circle’s updated apps for Android, iOS and the Web. The company was granted an e-money license by the U.K. Financial Conduct Authority. Circle is extending the ability to hold and pay in U.S. dollars, available in all U.S. states, to Circle account holders in the U.K. British Circle users are now able to hold GBP and make GBP payments instantly, with zero fees. Circle also announced that it’s eliminating transaction and....
Circle, one of the largest venture capital-backed Bitcoin startups in Europe, officially terminated its Bitcoin trading services and has launched a Bitcoin Blockchain-based remittance and messaging application to serve the unbanked. In a customer support briefing, the Circle team stated: “Now we’re making payments more social than ever and diving headfirst into next-gen Blockchain technology, rather than the buying and selling of Bitcoin itself.” Moving from Bitcoin trading to next-gen technology. In a blog post entitled “Spark, New Markets, App Messaging, and Bitcoin Changes,” Circle CEO....
Circle is switching their services to tackling the social payment space. Circle is a company entwined with Bitcoin for quite some years now. The company offers exchange services, as well as a wallet solution and money transmission capabilities. But Circle is halting their Bitcoin exchange services permanently to focus on blockchain-based services. All users can withdraw their funds to a different wallet, but buying or selling cryptocurrency will no longer be possible. It is a sad day for Bitcoin users relying on Circle to buy smaller amounts of cryptocurrency. After multiple years of loyal....