![]() In 2017, Circle made withdrawals to debit cards from the Pay app free. When the app first integrated fiat payments, CEO Jeremy Allaire told Wired in 2015: “If I say I believe in the bitcoin movement and I want to hold bitcoin instead of dollars, but a friend doesn’t necessarily care about bitcoin … Circle will convert any money that friend sends me to bitcoin.” The company released a bitcoin wallet in 2014 that would eventually lay the foundation for what became Circle Pay. SBI Plans Launch of In-Store Payments With Ripple-Powered ‘Money Tap’ App In 2015, it became the first company to earn New York’s controversial BitLicense. The news came on the same day that CENTRE, the consortium created by Circle and Coinbase to advance USDC, began opening itself to new members.Ĭircle was founded in 2013 with the idea of making payments with cryptocurrency as easy as using apps like Venmo. But now that we have USD Coin and an open, interoperable stablecoin standard through CENTRE, it makes sense to sunset our first-generation effort and transition full focus to wallet services that take a bigger step toward reaching our original vision for a free, open and transparent global payments network.” ![]() “Circle Pay is a popular social payment app that has seen significant organic growth over the years across the U.S.
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