Circle is Preparing Its European Market Entry – London is the First Goal

Circle is an exchange services company using Bitcoin’s technology to transform the way consumers pay for things by developing cheap, secure, and easy ways for people to transfer money.  Circle is offering new mobile apps for consumers to facilitate online and in-person payments, increase security and customer privacy, plus the convenience of free digital money transfers, instant and global.

Circle is proud to help people share value in the same way they share other kinds of content and messages on the Internet;  for free, safely, and instantly anywhere in the world.

The company took another step toward realizing that goal. The bitcoin services company backed by Goldman Sachs, is working on opening a London office from which the company wants to make grounds for European expansion. Circle’s money transfer service is free and now UK users will have the chance to send, receive, and hold US dollars in addition to be able to use bitcoin and their national currency for payments within the Circle app.

According to Business Insider both the founder and CEO Jeremy Allaire and Sean Neville are currently in London recruiting a country manager for the UK and scouting locations for an office here. The company is said to be in conversations with the Financial Conduct Authority (FCA) about getting an e-money licence, to would allow the company to operate its digital wallet service in the UK and add sterling to the currencies already included.

The bicoin exchange services company was one of the first to receive a BitLicense from New York regulators. The new license means for the first time that Circle can let people hold, send, and receive US dollars on the app.

Circle’s Co-founder Sean Neville commented that “Britain is amongst the most forward thinking in the world in this area.” And that one major factor contributing for the company decision in choosing London for its European expansion base over Dublin was made largely because of the attitude of the government and regulators towards financial technology and digital currencies in the UK.

With this move, UK users will be able to easily enjoy the benefits of Bitcoin without having the harassement of having to step over legal issues or the risk associated to holding or buying bitcoin.

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