Online consumer finance company Circle launched officially to the public yesterday, making it now easy for just about anybody to buy cryptocurrency Bitcoins in an instant. Payment can be made either with a credit card, debit card, or evenan Online bank transfer.
Circle claims to be all enabling global digital currency & “transforming the world economy with secure, simple, and less costly technology for storing & using money.”
Announcing the launch on Circle’s official blog, CEO Jeremy Allaire wrote: For our initial product launch, our aims were simple: Create an experience that is fast, beautiful, and enjoyable to use. Online banking applications stink. We wanted an elegant design aesthetic that would appeal to digital natives.
Reduce the friction that so many people – even sophisticated, technology-savvy people – often experience in acquiring and spending Bitcoin. Starting today, people can onboard into a Circle account and begin using digital money within minutes, not days. And Circle eliminates the labyrinth of fees and complex user interfaces designed for traders.
Make digital money the same as other major Internet services for consumers: instant and free. We wanted our service to be instant for onboarding, instant for depositing and converting money, and nearly instant for sending and receiving payments – anywhere on the planet.
Circle is now available in 7 languages, which collectively cover approximately 40% of the world’s population. Circle’s site, product, & customer support Content are all available in English, Chinese, Japanese, Portuguese (Brazilian), Spanish (Latin American), German, & French.
It was in May, Circle announced it was offering customers insurance from theft on 100 % of their bitcoin account balances. Today, this insurance coverage has been extended to every Circle customer. Circle customers will have 100 % coverage of their full deposit value.
Circle also announced it was building a suite of consumer products aimed at enabling greater ease-of-use in Online & in-person payments, enhanced security & privacy for consumers, & the convenience of free, instant, global digital money transfers.
While Jeremy Allaire is the Founder, Chairman & CEO of Circle, Sean Neville is co-founder & CTO.
Image Credit: Circle