Circle buy Poloniex

OMG thats a big new for cryptocurrency.

Post

In a move that could potentially legitimize cryptocurrencies even further Goldman Sachs backed payments company Circle has acquired US crypto exchange Poloniex. The acquisition aims to extend the firm’s commitment to a new vision for global finance and cement its position as one of the leading companies in the blockchain industry.

Who is Circle's

Circle is a peer-to-peer payments technology company. It was founded by Jeremy Allaire and Sean Neville in October 2013. Circle’s mobile payment platform, Circle Pay, allows users to hold, send, and receive traditional fiat currencies . In September 2015, Circle received the first BitLicense issued from the New York State Department of Financial Services. In April 2016, the British government approved the first virtual currency licensure to Circle. Circle is headquartered in Boston, Massachusetts.
Up until December 2016, Circle Pay also operated as a bitcoin wallet service to buy and sell bitcoins. It has since ceased to provide such service, claiming the company "is now more than ever not a consumer bitcoin exchange, and will continue to focus resources on global social payments and future next-generation blockchain technology". Circle has launched a Bitcoin Blockchain-based remittance and messaging application to serve the unbanked

Poloniex was one of the best exchanges in beginning of 2016 but then thinks happen. They hade lots of problems and many people just move from there. Hope Circle's will bring new air to cryptomarket and to exchanges. Time will tell how this company will change think. Hopefully all the changes what they will bring to crypto will be just positive for they customers. But its big news, big company and thats good.