Everything that we’re doing is based on crypto assets and underlying blockchain technology. It’s a statement big bitcoin believers might dispute based on the company’s history. “We never left bitcoin,” says Circle president Sean Neville. Circle has quietly expanded its portfolio of crypto products, and is starting to look like a full-service crypto investment firm.Ĭircle has four distinct products: Circle Pay, its original fast money-transfer app a la Venmo Circle Invest, which offers buying and selling of seven different cryptocurrencies (bitcoin, ether, bitcoin cash, litecoin, monero, ethereum classic, and Zcash) Circle Trade, an institutional trading desk that provides liquidity to large crypto exchanges and investors and Poloniex, a US bitcoin exchange Circle acquired in February. At a conference in New York, Jeremy Allaire even declared, “ It’s highly unlikely that any of us will be using bitcoin in five to ten years.” Tech media wrote that Circle “ gave up on bitcoin.”įast forward to 2018. But in 2016, Circle rebranded its main app Circle Pay and ended its support of buying bitcoin within the app, though it continued to use the bitcoin blockchain for its back-end rails.
0 Comments
Leave a Reply. |