Circle Looking to Raise $40 Million
- Circle Internet Financial is "in the midst of raising around $40 million", according to Fortune, citing sources familiar with the matter.
Circle Internet Financial is "in the midst of raising around $40 million", according to Fortune, citing sources familiar with the matter. The funding would one of the largest rounds ever in the crypto industry and imply a $200 valuation for the company.
CEO Jeremy Allaire is reportedly in talks with venture capital as well as Wall Street firms.
Circle's platform uses Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that to make transfers and Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl , positioning amounts in fiat terms. It aims to employ a robust, easy to use interface, with value adds like insurance and support on multiple mobile devices and Apple Watch.
The company has raised $26 million to date in two separate rounds, becoming one of the best funded ventures in the industry.
Even if the funding is secured, the next question becomes how many venture dollars are left in what is becoming an increasingly crowded wallet space. Companies including Coinbase, BitPay and Xapo have already secured very large amounts of funding, and already offer roughly similar services.
For Circle in particular, it remains to be seen when the investments will start paying dividends. The company took a relatively long time to unveil what it precisely has to offer and only recently launched its services. The company has not published figures on its user count. It is also unclear, at this point, how it plans on monetizing its services, currently offered at no charge.
Circle Internet Financial is "in the midst of raising around $40 million", according to Fortune, citing sources familiar with the matter. The funding would one of the largest rounds ever in the crypto industry and imply a $200 valuation for the company.
CEO Jeremy Allaire is reportedly in talks with venture capital as well as Wall Street firms.
Circle's platform uses Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that to make transfers and Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl , positioning amounts in fiat terms. It aims to employ a robust, easy to use interface, with value adds like insurance and support on multiple mobile devices and Apple Watch.
The company has raised $26 million to date in two separate rounds, becoming one of the best funded ventures in the industry.
Even if the funding is secured, the next question becomes how many venture dollars are left in what is becoming an increasingly crowded wallet space. Companies including Coinbase, BitPay and Xapo have already secured very large amounts of funding, and already offer roughly similar services.
For Circle in particular, it remains to be seen when the investments will start paying dividends. The company took a relatively long time to unveil what it precisely has to offer and only recently launched its services. The company has not published figures on its user count. It is also unclear, at this point, how it plans on monetizing its services, currently offered at no charge.