Seeking Alpha

Bitcoin company Circle raises $17M

  • Circle Internet Financial - a company aiming to make digital currencies like bitcoin easy to use - raises $17M in a Series B funding round and has begun offering its first product by invitation.
  • The initial product, says CEO Jeremy Allaire, is aimed at mainstream consumers who may not know much about digital currency, and tries to create a simple way for them to convert money into bitcoin. "What we’re trying to do is introduce user interface metaphors that are more similar to Gmail or Skype."
  • Related ETFs: BITCN, BTCS
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