Dom - Cryptocurrency Specialist – 13-07-2022
Circle Online Financial, LLC, the exclusive issuer of USD Coin (USDC) and a worldwide Internet finance enterprise that delivers internet-based payments and financial infrastructure to businesses of all kinds, today announced the introduction of the new Circle Account. Circle Account's complete interface allows business users to deposit, withdraw, transmit, receive, store, and allocate funds to invest in crypto assets in order to implement their digital economy activities.
The launch of the new Circle Account coincides with a surge in interest in crypto assets. By 2024, 20 percent of enterprises would utilise "cryptocurrencies for payments, stored value, or collateral," according to a new Gartner study released in December 2021. This surge in interest coincides with significant advancements in blockchain technology, which allows for faster and cheaper transactions, and as rising inflation forces some businesses to look to crypto assets as a hedge.
Circle Account makes it simple to start crypto market investing with USDC and settle in and out of crypto currencies as a one-stop shop to assist businesses accelerate their growth and swiftly engage with the digital economy. The demand for Circle Accounts exploded from 2020 to the end of 2021, with active accounts increasing by 213 percent. Institutional authorised investors can use Circle Account to deploy funds to Circle Yield* to earn a higher return on their USDC by investing it in cryptocurrency exchange platform. Circle Yield is a bitcoin-backed fixed-term investment with full security and overcollateralization. "The new, redesigned Circle Account is laser-focused on providing an updated, dynamic experience to our business clients, transforming it into the go-to destination for payments and treasury activities," said Rachel Mayer, Circle's VP of Product.
Customers can now send and receive USDC on eight different blockchains, make near-instant transfers via Signet and the Silvergate Exchange Network (SEN), download transaction history and view balance summaries, and earn returns via Circle Yield, all while benefiting from enhanced security and flexibility thanks to new features like multi-factor authentication and multi-user support. On Ethereum, Algorand, Solana, Stellar, TRON, Hedera, Avalanche, and Flow, users can transact using USDC.
Why not to become an early adopter of this new technology yourself? You can do that by visiting cryptocurrency exchange platform – BC Bitcoin. Best place to buy bitcoin instantly and receive guidance about emerging crypto market investment trends.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards