One of the largest bitcoin wallets will no longer work with bitcoin. What are the reasons for such a sharp reversal?
There will be no Bitcoins from now on.
The Circle payment service announced that it would stop all cooperation with bitcoins. Of course, Circle customers will still be able to use their wallets to store bitcoins. As well as to transfer them into real money. However, it is no longer possible to buy bitcoin on the Circle service. The ability to send bitcoins to other users of the Circle platform has also become unavailable.
What is the alternative?
As an alternative, Circle offers Coinbase to its customers. The company, which until recently was considered a terrible competitor for Circle, now seems to be becoming a partner.
What are the reasons?
According to Circle, the company wants to focus on the release of the Spark blockchain protocol. Also, many call the cooperation with Barclays Bank that began earlier as possible reasons. Circle began working with him to enter the British market. Also to enter the markets of South Korea and the Philippines, Circle partnered with Korbit and Coins.ph.
