Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21856.

Cconvert2G36

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Quote from: Wary on April 30, 2015, 12:09:45 AM

Quote from: Cconvert2G36 on April 29, 2015, 11:54:10 PM

Circle's philosophy hasn't shifted. They've been focused on dollar balances using bitcoin rails since their inception. They're just now attempting to close that "circle".

What's more surprising is that Goldman Sachs is interested in the utility of an asset that has been crashing for a year and a half. Wall St. tends to stay away from such things.

I hope they think that the asset had been crashing for 13 months and then - has been consolidating for 3 months.

Stop messing with my dig at stolfi Wink

Cconvert2G36

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An alumni taking a paid board position is slightly different than plowing company venture funds in.

Wary

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Who's there?

Quote from: Cconvert2G36 on April 29, 2015, 11:54:10 PM

Circle's philosophy hasn't shifted. They've been focused on dollar balances using bitcoin rails since their inception. They're just now attempting to close that "circle".

What's more surprising is that Goldman Sachs is interested in the utility of an asset that has been crashing for a year and a half. Wall St. tends to stay away from such things.

I hope they think that the asset had been crashing for 13 months and then - has been consolidating for 3 months.

Fatman3001

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Make Bitcoin glow with ENIAC

Quote from: coinableS on April 30, 2015, 12:00:04 AM

Quote from: Cconvert2G36 on April 29, 2015, 11:54:10 PM

Circle's philosophy hasn't shifted. They've been focused on dollar balances using bitcoin rails since their inception. They're just now attempting to close that "circle".

What's more surprising is that Goldman Sachs is interested in the utility of an asset that has been crashing for a year and a half. Wall St. tends to stay away from such things.

I don't think that was too surprising considering Circle has Goldman alumni on their executive board.

The potential for effectivisation and cost cutting in international trade is such that these big boys will have to at least look at the technology, even if it's just out of fomo. A couple of years ago any serious financial services company would be crazy to take cryptocurrencies seriously. Now they are crazy not to. But somehow the tarmis of this world is convinced BTC is supposed to be worth less now than then.

coinableS

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Quote from: Cconvert2G36 on April 29, 2015, 11:54:10 PM

Circle's philosophy hasn't shifted. They've been focused on dollar balances using bitcoin rails since their inception. They're just now attempting to close that "circle".

What's more surprising is that Goldman Sachs is interested in the utility of an asset that has been crashing for a year and a half. Wall St. tends to stay away from such things.

I don't think that was too surprising considering Circle has Goldman alumni on their executive board.

ChartBuddy

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Cconvert2G36

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Circle's philosophy hasn't shifted. They've been focused on dollar balances using bitcoin rails since their inception. They're just now attempting to close that "circle".

What's more surprising is that Goldman Sachs is interested in the utility of an asset that has been crashing for a year and a half. Wall St. tends to stay away from such things.

JorgeStolfi

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Quote from: Wary on April 29, 2015, 11:04:33 PM

http://blog.circle.com/2015/04/29/new-circle-investors-new-us-dollar-account-features-china-horizons/

Nice, but bitcoin is actually becoming less relevant to Circle's business, it would seem...

Suppose a person in the US sends USD throught Circle to a person in China who will receive CNY. Circle does not necessarily have to use bitcoin for that. If it has enough reserves at both ends, it only needs to adjust its own internal ledgers. Like Western Union, or any bank.

They need to send bitcoins, and sell them in the local markets, only if their reserves get too unbalanced.

Indeed, that was my guess for the reason for Coinbase and Circle getting so much VC investment: they intend to become competitors to PayPal in the "fiat" e-payment business, using bitcoin only occasionally if at all.

Wary

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Quote from: Wary on April 29, 2015, 11:00:37 PM

... And until this "complex and evolving landscape" is crossed over (by using theze 50M$ to bribe Chinese officials Grin

), ...

I hope they will bribe them with bitcoins, then the officials would get personally interested in the bitcoin growth

Cconvert2G36

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LOL, it wasn't the 30th in NY. They got a $50 mil round, and their plans for the future (how they sold the investors in the round).

Wary

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Quote from: derpinheimer on April 29, 2015, 11:00:51 PM

Quote from: brg444 on April 29, 2015, 10:10:01 PM

Quote

Today we announced a major step forward in the execution of our vision and product strategy. We've closed a new $50 million strategic investment round co-led by Goldman Sachs and IDG Capital Partners.

http://blog.circle.com/2015/04/30/new-circle-investors-new-us-dollar-account-features-china-horizons/

Gentlemen, get your engines ready

What? Are you a troll or did the website go down?

http://blog.circle.com/2015/04/29/new-circle-investors-new-us-dollar-account-features-china-horizons/

derpinheimer

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Quote from: brg444 on April 29, 2015, 10:10:01 PM

Quote

Today we announced a major step forward in the execution of our vision and product strategy. We've closed a new $50 million strategic investment round co-led by Goldman Sachs and IDG Capital Partners.

http://blog.circle.com/2015/04/30/new-circle-investors-new-us-dollar-account-features-china-horizons/

Gentlemen, get your engines ready

What? Are you a troll or did the website go down?

Wary

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Quote from: brg444 on April 29, 2015, 10:10:01 PM

Quote

Today we announced a major step forward in the execution of our vision and product strategy. We've closed a new $50 million strategic investment round co-led by Goldman Sachs and IDG Capital Partners.

http://blog.circle.com/2015/04/30/new-circle-investors-new-us-dollar-account-features-china-horizons/

Gentlemen, get your engines ready

Not yet. As the statement says:

This will take time, as companies and services like Circle’s must address a complex and evolving legal and regulatory landscape in China.

And until this "complex and evolving landscape" is crossed over (by using theze 50M$ to bribe Chinese officials Grin

), Circle works withing US borders only, it's not yet usable for remittance or international trade.

can deposit and withdraw their Circle balances to their external bitcoin wallets as well as to their U.S. bank accounts and credit/debit cards.

ChartBuddy

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Cconvert2G36

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Quote from: BlindMayorBitcorn on April 29, 2015, 10:26:02 PM

I'd like to know more about that bikini girl. How does she figure into all of this?

http://blog.circle.com/2015/04/30/new-circle-investors-new-us-dollar-account-features-china-horizons/

She's simply very excited to hold, send, and receive dollars. FDIC insured!

Alley

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Cool feature I guess. Personally I'd prefer to never use fiat again.

BlindMayorBitcorn

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Quote from: Cconvert2G36 on April 29, 2015, 10:14:19 PM

Quote from: brg444 on April 29, 2015, 10:10:01 PM

Quote

Today we announced a major step forward in the execution of our vision and product strategy. We've closed a new $50 million strategic investment round co-led by Goldman Sachs and IDG Capital Partners.

http://blog.circle.com/2015/04/30/new-circle-investors-new-us-dollar-account-features-china-horizons/

Gentlemen, get your engines ready

Whoa. You would have been called a dreamer predicting this kind of news "in three years" in 2012.

I'd like to know more about that bikini girl. How does she figure into all of this?

http://blog.circle.com/2015/04/30/new-circle-investors-new-us-dollar-account-features-china-horizons/

bassclef

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Quote from: Cconvert2G36 on April 29, 2015, 10:20:19 PM

Quote

New Dollar Features

We’re also introducing new US dollar features that enable customers to hold, send, and receive dollars. Customers with dollar accounts gain all of the benefits of digital currency -- instant, secure and free payments to anyone in the world -- without holding or explicitly converting dollars into bitcoins. Dollar account balances held by Circle customers are FDIC-insured.

We have presented fiat users with a magnificent wooden horse sculpture, to be rolled within the gates with great fanfare.

It's pretty damn slick--using the Bitcoin network as a backend to send free dollar payments.

Move over PayPal.

Cconvert2G36

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Quote

New Dollar Features

We’re also introducing new US dollar features that enable customers to hold, send, and receive dollars. Customers with dollar accounts gain all of the benefits of digital currency -- instant, secure and free payments to anyone in the world -- without holding or explicitly converting dollars into bitcoins. Dollar account balances held by Circle customers are FDIC-insured.

We have presented fiat users with a magnificent wooden horse sculpture, to be rolled within the gates with great fanfare.

brg444

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Bitcoin replaces central, not commercial, banks

Quote from: Cconvert2G36 on April 29, 2015, 10:14:19 PM

Quote from: brg444 on April 29, 2015, 10:10:01 PM

Quote

Today we announced a major step forward in the execution of our vision and product strategy. We've closed a new $50 million strategic investment round co-led by Goldman Sachs and IDG Capital Partners.

http://blog.circle.com/2015/04/30/new-circle-investors-new-us-dollar-account-features-china-horizons/

Gentlemen, get your engines ready

Whoa. You would have been called a dreamer predicting this kind of news "in three years" in 2012.

Wait till you read this:

Quote

New Dollar Features

We’re also introducing new US dollar features that enable customers to hold, send, and receive dollars. Customers with dollar accounts gain all of the benefits of digital currency -- instant, secure and free payments to anyone in the world -- without holding or explicitly converting dollars into bitcoins. Dollar account balances held by Circle customers are FDIC-insured.

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