[2016-04-06] Barclays backs 'social payments app' Circle as it launches in UK

[CrimBit]

LONDON (Reuters) - Barclays has become the first big British bank to form a partnership with a digital currency firm, social payments app Circle, which runs partly on bitcoin's blockchain network and launched in the UK on Wednesday.

In what Britain's Treasury called a "major milestone" in its push to make the UK the world's capital for financial technology, or fintech, Circle was granted an e-money license by the Financial Conduct Authority, the UK watchdog - another first for a digital currency company.

http://townhall.com/news/politics-elections/2016/04/06/barclays-backs-social-payments-app-circle-as-it-launches-in-uk-n2144227

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[Kakmakr]

This is a very good move from Barclays to use a already established Bitcoin service and to build on that success, rather than to go the route many of these other competitors are taking to develop a whole new Blockchain technology. It will definitely give them a edge over their competitors at this stage.

The most innovative move was this, " Circle offers its users the opportunity to send not just written messages along with their money transfers, but also emojis and even animated "GIF" videos, with no charge, following in the footsteps of China's WeChat Pay and AliPay. "

The new generation of social media junkies will love this. ^smile^