01 Nov '13, 12am

Start-up raises $9m to take bitcoin mainstream via @Finextra

Start-up raises $9m to take bitcoin mainstream 22 hours ago | 1743 views | 0 US start-up Circle has secured $9 million in funding as it bids to bring digital currencies such as bitcoin to mainstream businesses and consumers. Despite the hype it has garnered in recent months, bitcoin is still a niche currency, more popular with speculators and drug dealers than legitimate retailers and shoppers. Circle, founded by serial entrepreneur Jeremy Allaire, is promising to build products and services that will make it far easier for merchants and consumers to adopt the currency. Although details are scant, the start-up says it is building a secure architecture that will increase consumer privacy protection and provide tools for making payments and sending and receiving digital currency. Meanwhile, for businesses and charities, Circle is working on tools and services that allow them...

Full article: http://www.finextra.com/news/fullstory.aspx?newsitemid=25377

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