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In December 2016 the Circle app stopped supporting the exchange of bitcoin but still allows money transfers. [49] In October 2017, Circle launched a new service for group payments and cash transfers to US accounts. [50] [51] In June 2019 it was announced that the Circle Pay mobile and web apps would be discontinued on September 30, 2019. [52]
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Allaire has said of Circle and Bitcoin, "We want to make this as easy to use as Gmail, Skype, and other consumer services on the Internet today". [16] The company has received over $135 million in venture capital from four rounds of investments from 2013 to 2016, including $50 million led by Goldman Sachs .
SeedInvest is an equity crowdfunding platform that connects startups with investors online. The company was founded in 2012 and launched in 2013. [2] SeedInvest has focused on building liquidity in the platform by attracting high-net-worth individuals, family offices and venture capital firms. [3]
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Circle is the principal operator of stablecoin USDC and reported a net income of $43 million and nearly $400 million in cash in the third quarter. Earlier valued at $4.5 billion, Boston-based ...