Circle – a USD and Bitcoin remittance, wallet, and payment platform – has begun supporting US Dollar (USD) payments and debit cards as part of a major platform update after receiving the first New York BitLicense.
In a blog post on September 22nd, Sean Neville and Jeremy Allaire of Circle outlined changes to the platform. These changes include debit card support, Federal Deposit Insurance Corporation (FDIC) insured USD wallet and transfer support, higher customer limits, and application re-branding.
Unlike the instant credit card deposits currently offered by Circle, instant debit card deposits are now without fees. Regarding other deposit methods, the blog post notes, “You can also still link your bank account, which