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Author Topic: [2016-04-08] Social payments firm Circle raises $76m for European expansion  (Read 145 times)
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April 08, 2016, 01:27:32 AM

 Dublin-based Circle, a former Bitcoin start-up that has shifted its focus towards social payments, is expecting to significantly increase staff numbers locally as it expands into Europe.

The digital currency firm, which has secured $76 million in venture capital from backers that include Goldman Sachs, Accel Partners and Pantera Capital, this week announced it was entering the UK market through a new partnership with Barclays.

The move comes after Circle last month became the first virtual currency company to receive an e-money licence from the Financial Conduct Authority (FCA) in Britain, enabling consumers to easily make domestic and cross-border payments between US dollars and UK pounds (or vice versa), using blockchain, the technology that underpins Bitcoin.
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