Bitcoin Forum

Exclusive: Bitcoin company Circle raising new cash

https://fortune.com/2015/04/27/bitcoin-circle-cash/

nice...

Circle Financial, the bitcoin wallet startup led by Brightcove BCOV founder Jeremy Allaire, is in the midst of raising around $40 million at a pre-money valuation of approximately $200 million, Fortune has learned from multiple sources.

Both venture capital and Wall Street firms are expected to participate.

Im interested in seeing what future services they plan to offer.  They do need to do more then a simple buy and selling  of bitcoin to compete with coinbase and gemini.

Why do they have to compete with them? Bloclchain.info doesn't and it does ok. I think being a wallet or an exchange is vastly different from a payment processor though maybe you can combine all three if it hasn't been done already.

http://www.coindesk.com/bitcoin-startup-circle-seeking-40-million-in-new-funding-report-says/

Maybe. A simple service to buy and sell bitcoins can be useful too. Coinbase did that correctly, because they are still offering a simple UI only for buying or selling.

Offering short-selling is nice for people who want to trade Bitcoin, but confusing for most people who just want to buy it and use it.

I just don't see how they can make money at there current business model.  Which is why there asking for more money to launch new services.  Coinbase has a near monopoly in the US.  Circle knows they need to step up there game.

It depends on your pitch and business plan, assuming they want to launch some service or idea that could attract the attention of venture capitalists, they already have a working history so they are likely to get the funding they need.
Reputation is valuable and then stepping up their game could make it attractive to VE.

This can only be a good thing, right?

I hope that the goal of this company can be realized as he says

Both Circle and Coinbase are a huge barrier to entry in the USA, because of all the KYC/AML regulations they have to adhere too.

If any one of the two can find a way for NEW adopters to access Bitcoin, without having to jump through 5000 hoops to do it, they would gain the edge, and claim the whole market.

Entry is just too difficult in the USA and they just rape ANY decentralization and anonymity Bitcoin could have, with what they are doing.  :(

Put a damned Bitcoin vending machine in every shop and let it scan your barcoded ID with every purchase. If you want to prevent money laundering, put a daily buying limit on it.... JUST make it easier.  >:(

Thanks for the useful information. It's a good idea. Thanks again for sharing.  ;D ;D