[2016-06-23] HT: Payments app Circle raises $60 million in China expansion

[polynesia]

Payments app Circle raises $60 million in China expansion

http://www.hindustantimes.com/tech/payments-app-circle-raises-60-million-in-china-expansion/story-y94gFYmJfCrVw8xX7Vw57K.html

US-based payments app Circle has raised $60 million from Chinese investors and launched a company in China, as it seeks to expand in the world’s second-largest economy.

Circle allows the sending of payments to countries where it hasn’t yet launched, with the payment transferred into bitcoin, then settled within minutes via the blockchain network that validates bitcoin transactions. At the other end, the bitcoin is transferred back into the currency of that particular country.

[pavan@hosur]

This app will work in India? We can buy a bitcoins from this app?

[polynesia]

This app will work in India? We can buy a bitcoins from this app?

No, I don't think so. It made news when they expanded into Britain.
I think there will be regulatory hurdles before they come to India.