As new rumors begin swirling about possible insider hanky panky at Bitpay, another giant in the industry is wreaking havoc on the Bitcoin community.
Circle Internet Financial, a Boston company specializing in global money transfers, has stopped mentioning Bitcoin in its advertising, put an end to instant ACH bitcoin purchases, and severely restricted the amount of BTC users send and withdraw. Basically, it appears that Circle simply used the bitcoin community to jump-start another Venmo type venture and is now ready to move to phase two of their master plan.
The following video was published yesterday and now headlines the company’s website. It contains no mention whatsoever of Bitcoin:
In addition to removing Bitcoin from its advertising, the company is also strongly encouraging all users to convert their balances to USD, and now forces a pop-up during login with the option to stick with Bitcoin all but greyed out. And to add insult to injury, the company has disabled instant ACH purchases of bitcoin, and placed tight restrictions