Circle Shows Bitcoin Is Global, Banks Are Local
The legacy, balkanized financial system was laid bare on the 29th of September in a reddit thread where users from around the world shared their experience of purchasing bitcoins from Circle, a VC-backed company, which finally announced open registration for all customers across the globe after months of testing by invite only users. While Bitcoin proved itself to be global with users across the world providing feedback on their ability to purchase bitcoins via Circle with a credit or debit card, the inconsistent payment processing by banks showed the legacy system to be very much....
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Circle has confirmed its mobile apps are US-only for the moment, but that international versions are "imminent" - along with support for more languages and currencies. Bitcoin-based consumer finance company Circle has released native apps for both iOS and Android platforms, aiming to bring as many features of its online platform as possible to the mobile world. Unlike other mobile bitcoin wallets out there, 'Circle for Bitcoin' integrates with banks and credit card accounts to allow both deposits and withdrawals. There are also the more familiar bitcoin wallet features like send and....
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....
Banking Circle was launched in 2016 with a mission to help payments businesses reach new global markets, avoiding the burdens of traditional banking. Banking Circle, a European bank focused on cross-border payments, is adopting a major U.S. dollar-pegged stablecoin for payment rails.The firm officially announced on Friday the adoption of the USD Coin (USDC) on its platform as a payment acceptance, processing and settlement method.The new payment feature is enabled as part of Banking Circle’s new service targeting banks and payment providers, allowing them to facilitate payments outside....
Bitcoin brokerage Circle Internet Financial is said to be raising as much as $40m in new funding. As reported by Fortune, Circle is raising the funds at a valuation of $200m, citing persons with knowledge of the negotiations. A representative for Circle declined to comment. The move, if confirmed, would represent Circle's largest funding effort to date. Circle raised $17m in a Series B round last year, following an earlier $9m in Series A funding from 2013. The funding would raise Circle's total investment to $66m. Circle
Is regulation and big banks participation the pill that the doctor ordered for Bitcoin companies to flourish? UK e-money licence. Barclays and Circle through their path-breaking partnership have demonstrated that banks do not need to fear dealing with Bitcoin companies. One can expect many more cryptocurrency-based companies to enter the financial mainstream in the coming months. Circle, the social payment network backed by Goldman Sachs, has launched its services in the UK. It has received an e-money licence and has partnered with Barclays in this initiative. On 5 April, Circle was....