BCB Group Inks Deal With Circle To Offer Stablecoin Payments
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BCB Group Inks Deal With Circle To Offer Stablecoin Payments

August 7, 2020      Jyoti Singh

The UK-based financial service group for cryptocurrency, BCB Group, collaborated with the world’s largest financial tech firm Circle on August 06, to use its platform to enhance its efficiency, speed, and cost of payments for its business customers.

BCB’s Institutional Clients To Get Access Of USDC

While announcing its integration with Circle, BCB Group stated that now its institutional clients can use the USDC for processing payment. 

The center consortium stablecoin which has been co-founded by Coinbase and Circle is considered to be the fastest-growing dollar-linked stablecoin. 

The Co-founder and CEO of Circle, Jeremy Allaire, talked about the company’s merger with BCB Group and he said, “BCB is an innovative and fast-moving financial services firm that has been at the leading edge of trends shaping the future of the digital assets sector.” 

He further stated that there has been an increasing demand for stablecoins among institutional investors around the world. BCB has decided to offer USDC to its clients as it would provide them with a critical infrastructure of the market.

BCB Offer Payment Services In Over 20 Currencies

The founder and CEO of BCB Group Oliver von Landsberg-Sadie also expressed his excitement to be working with Circle. He stated that his company is very happy to collaborate with Circle. He further mentioned that this collaboration would help the company bringing in the market solutions which will provide USDC benefits to its clients.

BCB Group is the leading financial group for the cryptocurrency of Europe and it offers more than payment services in more than 20 currencies, FX, crypto liquidity, and digital asset custody.

It is one of the first multi-jurisdictional regulated firms that offers its services for cryptocurrencies. 

It has been reported that recently, the Circle signed a $25 million deal with Genesis Trading to improve the adoption of USDC. The company would be using Genesis services to improve its suite of products and also it would be releasing some new suites too.

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Jyoti Singh
Jyoti Singh

Jyoti is a graduate from GGSIPU and has done her PG Diploma in English Journalism from IIMC. Presently, she is working as a content writer with Agio Support Solution Pvt. Ltd. Her aim is to provide informative content about cryptocurrency and blockchain, to the tech-enthusiasts.