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Circle to Launch Cryptocurrency Investment App in 2018
Announced on Tuesday, Circle will be launching a digital investment and storage product for a variety of cryptocurrencies in 2018.
By Nikhilesh De
Updated Sep 13, 2021, 7:12 a.m. Published Nov 28, 2017, 6:25 p.m.
Blockchain startup Circle is moving ahead with plans to launch new investment-related products, unveiling a new app set for release next year.
Though the startup hasn't revealed much in the way of details – including its exact launch date –it revealed its plan for "Circle Invest" app in a new post on its website today. In past statements to CoinDesk, Circle indicated that it was looking to create such tools for investors following the acquisition of a startup called Trigger Finance.
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"Be one of the first to try our new digital investment product, coming in 2018," Circle wrote, adding that it would feature zero commissions and include functionality for a "variety of coins." A screenshot of the app lists bitcoin, bitcoin cash, ethereum, litecoin and XRP as supported currencies.
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The quiet unveiling comes as the price of bitcoin, the world's largest cryptocurrency by market capitalization, nears the $10,000 price level.
It also follows a series of product announcements from the firm, including the one for CENTRE, an ethereum-based system to enable transactions between different digital wallets.
Though details on the product remain limited, on the website Circle stated:
"Circle started in 2013, and we’ve worked in crypto ever since. We’re excited to unveil our latest endeavor."
Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Circle.
Business miniatures image via Pixabay
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