Goldman Sachs-backed bitcoin payment app Circle just raised $60 millionBitcoin-based payment app Circle has raised $60 million (£40.8 million) as payments over its app hit $1 billion (£680 million) a year.
Circle on Thursday also announced the launch of a Chinese venture and plans to offer euro transfers as part of European expansion.
The $60 million funding round has been led by Beijing-based venture capital company IDG Capital, which has already invested in the startup. US-based Breyer Capital also took part in the round. A source close to the process told Business Insider the investment values Circle at close to $400 million (£272.5 million).
http://www.businessinsider.co.id/bitcoin-payment-app-circle-raises-60-million-expands-to-china-and-the-euro-2016-6/?r=UK&IR=T#.V2tmIzWTOhI
