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Sandeep Kumar Mishra
Dec 18, 2019
by Sandeep Kumar Mishra

P2P Payment Company Circle to Focus on Stablecoins

Stablecoins

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Table of contents

  1. Circle’s Vision
  2. Neville’s Role in Focus on Stablecoins
  3. Circle’s Sales Future Prediction 
Circle, one of the most popular P2P Payment Companies, made quite a buzz back in October after Poloniex canceled support for its USA’s customers. The platform is in headlines again, saying that it will focus mainly on Stablecoins in the future.

 

Circle’s Vision

When questioned about Circle’s roadmap for 2020, Neville and Allaire elaborated that their upcoming product will focus on building its image as a new global payment system and wallet APIs for Stablecoins. The API of Stablecoins will allow any developer and startup to utilize stablecoins efficiently, without worrying about infrastructure implementation, cost, and complexity. Additionally, the platform has made a deal with Kraken by selling Circle Trade Over the counter [OTC] business. 

 

Neville’s Role in Focus on Stablecoins

Neville revealed that during Circle’s envision for 2020, he will exit his co-CEO management position to become an independent director of the Circle Board of Directors. He also stated that other executives, including Chief Legal Officer Gus Coldebella and Chief Financial Officer Naeem Ishaq, will drop out of their positions.

 

Circle’s Sales Future Prediction 

In addition to Stablecoins, Circle is busy selling off its several platforms to different exchanges. Many community members now predict that Circle’s SeedInvest will most probably be the next platform for sale. Earlier, Circle had successfully managed to bring a lot of crypto firms back in 2017 itself. Circle now seems to focus more on selling its platforms, rather than buying them, which it did earlier in 2017.

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P2P Payment Company Circle to Focus on Stablecoins
Sandeep Kumar Mishra
Sandeep is an avid cryptocurrency enthusiast and a keen & passionate blogger. He has a strong mix of skills in the areas of computer networking, cryptography, algorithms, and data structures and specializes in ERC20 tokens. Lately, he is taking a lot of interest in blockchain-powered AI solutions, about which he is also reading and writing extensively. He has to his name dozens of deeply researched articles about cryptocurrencies, blockchain, AI, and IoT. Apart from that, he loves to keep track of the latest trends in social media and digital marketing space. Also, as a huge proponent of blockchain and cryptocurrencies, Sandeep tries to deliver all the latest cryptocurrency news to ardent crypto supporters like yourselves. If you like his content, feel free to follow him on LinkedIn.

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