Circle to discontinue its bitcoin enabled payment and wallet app

Customers who currently hold bitcoin in Circle Pay are encouraged to send BTC funds to another wallet.

The team of Circle, a digital payment company founded in 2013, today announced it will begin the process of terminating support for its payment and wallet app, Circle Pay. Users are advised to cash out their funds immediately.

In 2017, Circle decided to add support for bitcoin to fiat based Circle Pay, and in early 2018, made a big splash by acquiring popular altcoin exchange, Poloniex. The company further added a crypto OTC desk with support for BTC, ETH, and BCH, and also launched a US Dollar based stablecoin, USDC.

Key dates for discontinuing support:

Other important details:

“Whether it’s launching new wallet services, building upon the success of USDC, driving crypto adoption through Poloniex, or expanding ways entrepreneurs can raise capital on the internet through SeedInvest, Circle will play a leading role in making a global economy where more people and businesses can enter into diverse economic arrangements with anyone easily and safely.”

“With the creation of fiat tokens and stablecoins such as USD Coin (USDC), people can seamlessly transfer fiat value over blockchains without the risk of cryptocurrency volatility, making peer-to-peer payments instant, global, secure, and free, significantly advancing our original vision and providing more global seamless opportunity for people around the world. As such, we believe that it is appropriate to retire Circle Pay at this time.”

– The Circle Team

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