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Circle Internet Financial, once one of the best-funded early bitcoin startups, has announced it will no longer allow customers to buy and sell the digital currency. Confirmed today via an announcement in The Wall Street Journal and first revealed last night in a customer updateCircle said it will now focus on using a soon-to-be-launched proprietary blockchain-based protocol called Spark. Users can still convert bitcoins stored via the service to dollars, pounds or euros and continue sending money via social messaging, without fees. Despite the changes, Circle maintained that its vision is unchanged, even if the technology it uses will shift. A blog post issued today reads:. A big part of that was a long-term bet on blockchain and digital currency technology, which we thought held the potential to provide the missing layer of protocols needed for open value exchange.
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Buying Bitcoin is probably the most popular way of acquiring this revolutionary digital asset nowadays. After the mining boom brought the ASIC miners to the market and the faucets started giving less coins out, only people who get paid in Bitcoin and those who buy Bitcoin directly, can acquire the coveted asset without incurring in major investments. Fortunately for those who still get paid in fiat, buying Bitcoin has become easier as the digital asset keeps on gaining traction. There are various services and exchanges that offer to sell Bitcoin for fiat funds. Each has advantages and disadvantages that we will explore to help you understand how to buy Bitcoin. Probably the easiest way to buy Bitcoin is at an exchange that offers fiat deposits.
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Circle Internet Financial, once one of the best-funded early bitcoin startups, has announced it will no longer allow customers to buy and sell the digital currency.
Confirmed today via an announcement in The Wall Street Journal and first revealed last night in a customer updateCircle said it will now focus on using a soon-to-be-launched proprietary blockchain-based protocol called Spark. Users can still convert bitcoins stored via the service to dollars, pounds or euros and continue sending money via social messaging, without fees.
Despite the changes, Circle maintained that its vision is unchanged, even if the technology it uses will shift. A blog post issued today reads:. A big part of that was a long-term bet on blockchain and digital currency technology, which we thought held the potential to provide the missing layer of protocols needed for open value exchange.
Using circle to buy bitcoin image via Shutterstock. The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Read more about Exchanges Circle Startups News Companies. Disclosure Read More The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.
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But it is Coinbase, the No. Buy and sell digital assets. As the message above mentions, only customers holding Bitcoin on Circle Pay will be able to send money to a BTC address. Yahoo Finance. Daniel Roberts Senior Writer. What to Read Next. Buy digital currency and watch your investment using circle to buy bitcoin Yahoo Finance Video. We provide things like custody. Use of certain Services may have further eligibility requirements that will need to be verified prior to you using such Services or from time to time in order to continue your use of the Services. Daniel Roberts covers bitcoin and blockchain at Yahoo Finance. By registering an account with Circle or using any of the Services, you agree that you have read, understood and accept all of the terms and conditions contained in this Agreement as well as our Privacy Policy, Cookie Policy and E-Sign Consent, and you acknowledge and agree that you will be bound by these agreements and policies. Aspiration Spend, Save, Invest. On Android Click on the QR Code button, after clicking on the 3 vertical dots in the top right corner of the main screen At the top of using circle to buy bitcoin screen, select My Address.
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