Topic: Circle approved for BitLicense, new "All USD" wallet app to be announced. (Read 1821 times)
August 11, 2021, 02:38:26 AM
According to the statement of CEO Jeremy Allair, Circle will become a commercial cryptocurrency bank with full reservation, whose activities are regulated in accordance with the risk management requirements of the Federal Reserve, the US Treasury Department, the OCC and the FDIC. https://www.circle.com/blog/our-journey-to-become-a-national-digital-currency-bank
July 02, 2021, 01:29:12 AM
Circle announced the launch of the USD Coin (USDC) stablecoin created by the Center consortium on the Tron blockchain. Tron became the fifth blockchain in the USDC family of stablecoins. The asset also works in the Ethereum, Algorithand, Stellar and Solana networks. https://www.circle.com/blog/tron-network-announcement-usdc-circle-account-circle-apis?utm_campaign=TRON%20Announcement&utm_content=171498669&utm_medium=social&utm_source=twitter&hss_channel=tw-2151686839
[quote author=https://www.circle.com/blog]
[quote author=https://www.circle.com/blog]
June 18, 2021, 05:46:21 AM
Cryptocurrency company Circle has announced a partnership with a startup Maps.me, behind the offline navigation service. As part of the agreement, the platform will add support for the USD Coin (USDC) stablecoin. Users Maps.me they will be able to use stablecoins for instant payments in more than 35 countries. The service will allow you to buy and store USDC, as well as the native MAPS token in your wallet Maps.me https://www.circle.com/blog/maps.me-and-circle-partnership-brings-stablecoins-to-millions-of-new-users?utm_content=169594280&utm_medium=social&utm_source=twitter&hss_channel=tw-2151686839
September 22, 2015, 03:21:57 PM
It seems like Circle is aiming to be the first Bitcoin Bank. Many companies don't agree with BitLicence for a reason. Circle should be following them.
Don't know about that, there's been a bank of Bitcoin at my place for a while now
September 22, 2015, 10:37:56 AM
Honestly I don't think many people will adopt circle as a payment program just because they don't really have a reason to.
Yup. There's already a Paypal and it works fine for most. I don't really get what they're trying to achieve by sticking a USD layer on top. There's a thousand options for that already.
September 22, 2015, 10:28:29 AM
It seems like Circle is aiming to be the first Bitcoin Bank. Many companies don't agree with BitLicence for a reason. Circle should be following them.
September 22, 2015, 10:21:16 AM
Honestly I don't think many people will adopt circle as a payment program just because they don't really have a reason to.
September 22, 2015, 08:43:23 AM
The only reason why we have these payment processors are to make Bitcoin user friendly for the general public, because they are used to 3rd parties handling their money for them and to make it "government
friendly" .... Those people who are allowed to apply their own mind, can use Bitcoin without these services. Why do you need 3 tools to do the job that you could have done with one tool? Most of these services
are operating from areas, where regulations are in place to stop them from using any other payment option, if they do not adhere to it... if that makes sense. You pay them to adhere to these regulations.
friendly" .... Those people who are allowed to apply their own mind, can use Bitcoin without these services. Why do you need 3 tools to do the job that you could have done with one tool? Most of these services
are operating from areas, where regulations are in place to stop them from using any other payment option, if they do not adhere to it... if that makes sense. You pay them to adhere to these regulations.
Exactly this. The way they are going is to get more users. And of course all these guys will have no clue that Bitcoin is running in the background.Therefore for them it feels like a kind of paypal.Fully regulated with KYC/AML guidelines etc...
We as true Bitcoiners know how Bitcoin works and don't need their services.
September 22, 2015, 08:02:36 AM
The only reason why we have these payment processors are to make Bitcoin user friendly for the general public, because they are used to 3rd parties handling their money for them and to make it "government
friendly" .... Those people who are allowed to apply their own mind, can use Bitcoin without these services. Why do you need 3 tools to do the job that you could have done with one tool? Most of these services
are operating from areas, where regulations are in place to stop them from using any other payment option, if they do not adhere to it... if that makes sense. You pay them to adhere to these regulations.
friendly" .... Those people who are allowed to apply their own mind, can use Bitcoin without these services. Why do you need 3 tools to do the job that you could have done with one tool? Most of these services
are operating from areas, where regulations are in place to stop them from using any other payment option, if they do not adhere to it... if that makes sense. You pay them to adhere to these regulations.
September 22, 2015, 07:20:59 AM
I would be real wary of circle.com . IMHO coinbase is much better. For what im gathering some seems to think circle = paypal
September 22, 2015, 07:14:59 AM
Circle Gets First ‘BitLicense,’ Releases CirclePay, New Service
http://blogs.wsj.com/moneybeat/2015/09/22/circle-gets-first-bitlicense-releases-circlepay-new-service/
http://blogs.wsj.com/moneybeat/2015/09/22/circle-gets-first-bitlicense-releases-circlepay-new-service/
Quote
“We’re pushing bitcoin into the background for the sake of bringing bitcoin to more people,” CTO Sean Neville said.
Well let's see how things will develop.Their idea to push Bitcoin into the background is not new and Abra I think is doing the same.So what both are doing is converting dollars into bitcoin, sending the transaction through the network and at the other end convert it back to dollars.
September 22, 2015, 04:46:12 AM
Circle Gets First ‘BitLicense,’ Releases CirclePay, New Service
http://blogs.wsj.com/moneybeat/2015/09/22/circle-gets-first-bitlicense-releases-circlepay-new-service/
http://blogs.wsj.com/moneybeat/2015/09/22/circle-gets-first-bitlicense-releases-circlepay-new-service/
Quote
“We’re pushing bitcoin into the background for the sake of bringing bitcoin to more people,” CTO Sean Neville said.
That's great news to know. Whenever I hear of new services or I calculate how it would impact on bitcoin price raise. Hopefully circlepay will provide some positive boost into bitcoin prices. Because we need more and more services and applications needed to take bitcoin price to moon.
September 22, 2015, 01:23:09 AM
Circle Gets First ‘BitLicense,’ Releases CirclePay, New Service
http://blogs.wsj.com/moneybeat/2015/09/22/circle-gets-first-bitlicense-releases-circlepay-new-service/
http://blogs.wsj.com/moneybeat/2015/09/22/circle-gets-first-bitlicense-releases-circlepay-new-service/
Quote
“We’re pushing bitcoin into the background for the sake of bringing bitcoin to more people,” CTO Sean Neville said.
September 21, 2015, 07:55:11 PM
So what is the general consensus of buying bitcoins? I still use circle and am worried about this... I would prefer to use exchange sites like local bitcoins, but they don't have any users in the town I'm in currently 
I use coinbase in the US, I don't trust circle yet, they haven't been in business long enough.Coinbase has to follow the same rules under KYC/AML guidelines. So there's no big difference. Both will close your accounts and freeze transactions immdiately if they think something is suspicious. Just have read at r/Bitcoin of how many people complained about coinbase and their service.
September 21, 2015, 11:00:42 AM
So what is the general consensus of buying bitcoins? I still use circle and am worried about this... I would prefer to use exchange sites like local bitcoins, but they don't have any users in the town I'm in currently
I use coinbase in the US, I don't trust circle yet, they haven't been in business long enough.Coinbase has to follow the same rules under KYC/AML guidelines. So there's no big difference. Both will close your accounts and freeze transactions immdiately if they think something is suspicious. Just have read at r/Bitcoin of how many people complained about coinbase and their service.
September 21, 2015, 10:36:23 AM
So what is the general consensus of buying bitcoins? I still use circle and am worried about this... I would prefer to use exchange sites like local bitcoins, but they don't have any users in the town I'm in currently
I use coinbase in the US, I don't trust circle yet, they haven't been in business long enough. September 21, 2015, 10:27:23 AM
So what is the general consensus of buying bitcoins? I still use circle and am worried about this... I would prefer to use exchange sites like local bitcoins, but they don't have any users in the town I'm in currently
September 21, 2015, 09:58:12 AM
I read somewhere where circle locked someone account for 90 days and didn't allow them access to their bitcoins. That person had to file complaints up in Boston in order to get access to his account.
Possible that this happened more often. Coinbase and Circle have to follow regulations, KYC/AML etc.
It can happen that they close your account and ask you where your coins are coming from. Or you spend your coins in shops they will have problems with because of existing laws in different states, for instance you live in Colorado and buy some weed with bitcoin via using circle's app. There can be several other cases which might create problems and your account will get closed. Don't use them.
September 21, 2015, 08:47:43 AM
i cant even see my bitcoin address in my circle wallet (i dont mean the app). where is the problem with that service?! 
Probably they are interested in hiding all the things that are too complicated for a non-tech users
. Just as windows did with MS-DOS, and then later windows 8 hiding more and more things (folders, configuration options etc.). September 21, 2015, 08:18:42 AM
I read somewhere where circle locked someone account for 90 days and didn't allow them access to their bitcoins. That person had to file complaints up in Boston in order to get access to his account.
Jump to: