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Circle, the Boston-based crypto finance company, has gone live with its stable coin, which it calls the USD Coin, or USDA. ... For Circle, which is backed by Goldman Sachs Group GS, -0.86% creating a framework where there is no single issuer is vital in creating openness and interoperability, the company said.
Because Circle is a privately held company, it isn't possible to buy Circle stock directly on the open market.
Circle Pay can be used to send and request money domestically and abroad using either a contact's phone number or email without incurring charges for the transfer. ... Users registering with Circle Pay are required to link their bank and debit card details to their accounts.
Circle is headquartered in Boston, Massachusetts.
Circle is a new kind of global financial services company. A platform for individuals, institutions and entrepreneurs to build businesses, invest and raise capital with open crypto technologies.
In December 2016 the Circle app stopped supporting the exchange of bitcoin but still allows money transfers. In October 2017, Circle launched a new service for group payments and cash transfers to US accounts. In June 2019 it was announced that the Circle Pay mobile and web apps will be discontinued on September 30th.
Circle Pay lets you send and receive money, and make payments to anyone in the world with zero fees. You can also add money when you use a linked card. Bank accounts are free to use as well, and can be used to cash out funds back to your bank.
BE SAFE (stranger danger) Although we spend a lot of time keeping you secure, we still encourage each one of our customers to be safe when using Circle Pay. Treat money on Circle Pay like you would treat cash in person: don't give it away to people you don't know.
Circle believes that the future of finance will be built on open blockchain technology and that global payments will become reality through fiat tokens and stable coins such as USDA. ... As such, we believe that it is appropriate to discontinue Circle Pay at this time.
Founded in 2013, Circle is an app that lets you store and transfer money. Circle is described as an app that enables “greater ease-of-use for online and in-person payments, enhanced security and privacy for customers, and the convenience of free, instant, global digital money transfers”.
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