Boston-based peer-to-peer payment center, Circle, is planning to make cryptocurrency a part of their services offered.
– Circle has raised more than $100 million and plans to include cryptocurrency as part of their services.
– This cryptocurrency startup is being backed by none other than Goldman Sachs himself.
– All plans are expected to take place this summer.
There has been a constant struggle for bitcoins and cryptocurrencies when it comes to physically taking hold of their assets. Payment alternatives have been coming up, but still, the fact that it has a great tendency of being volatile and risky makes other have second-thoughts.
This does not hinder many businesses though since they are relying on technologies called blockchain, which is expected to make every transaction a lot faster and less expensive.
Circle will be creating their own coins, named Circle USD Coin (USDC), which is similar to the U.S Dollar currency and these are even backed by fund reserves of U.S Dollars.
US News report by Anna Irrera has the full details here – https://www.usnews.com/.