Bitcoin Bank Circle Opens Its Doors
After months of working with customers in an invite-only phase, today Circle opened their initial service to the world. Circle is a new kind of Internet-centric consumer financial service, one that the average person would find enjoyable and powerful, built on the promises of Bitcoin - instant, global, secure, free transactions. The Circle announcement states their objectives: Create an experience that is fast, beautiful, and enjoyable to use. Online banking applications stink. We wanted an elegant design aesthetic that would appeal to digital natives. Reduce the friction that so many....
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For many months now, Bitcoiners have been wondering exactly what services Circle would offer to the fledging Digital Currency community. Since 2013, Circle has been notoriously tight-lipped on the specifics of its operation. Some in the community even went as far as to compare Circle to vaporware. Today, all the speculation is laid to rest. Early 5/16/14, CircleCEO Jeremy Allaire took to Circle's blog to reveal “What We Have Been Up to at Circle.” Circle launches its product today to increase the utility value of Bitcoin by reducing friction. Circle is the first worldwide Bitcoin Bank....
An exciting partnership between Barclays and Bitcoin exchange Circle could lead to a slew of new features and innovations in the digital payment industry. Moreover, this is very positive news for Bitcoin as well, as the European bank is letting Circle use their existing infrastructure to provide real-time conversion from GBP and EUR to Bitcoin, and vice versa. Circle – A New Era Of Bitcoin and Banking? Up until this point, very few banks have been keen on the concept of Bitcoin, although they all seem to see high value in the underpinning blockchain technology. In fact, consumers have had....
Garrett Cassidy joins Circle. Garrett Cassidy, the FinTech leader and former Bank of Ireland director is to join Circle, it has been announced that he will be heading up their European operations. Circle is one of the most important, developing, companies in the cryptocoin world and the addition of someone of the caliber of Garret Cassidy to their team has to be seen as a recruiting coup. Cassidy was previously employed as Head of Markets, Commercial Lending and Payments Development for Bank of Ireland, he was based in London. In a recent interview with CoinDesk, Circle has also promised....
Users of Circle Inc., the Boston-based bitcoin startup, have been disputing with the company regarding payment verifications and banning of bank accounts. According to its users, Circle has started to hold payments for several days and ban accounts, in the tradition of Paypal. Circle states on its website that it "believes that sending and receiving money should be instant and free." Ironically, the startup has made it incredibly difficult to send payments and is creating a centralized payment infrastructure on top of the bitcoin, which negates the decentralized benefit of the....