Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
- Circle has revealed that the public beta version of its service is now available.
- Users can transfer, receive, and store cryptocurrencies through the new wallet.
Circle Internet Financial, the organization behind the USDC stablecoin, introduced a new programmable web3 wallet platform on Tuesday aimed at helping businesses accept digital-asset payments from customers.
Users can transfer, receive, and store cryptocurrencies, including Circle’s USDC stablecoin and non-fungible tokens (NFTs), through “programmable wallets” that developers and merchants can integrate and customize.
Facilitating Crypto Payments
Circle has announced that the public beta version of its service is now available for developers on the Ethereum (ETH), Avalanche (AVAX), and Polygon (MATIC) networks, with intentions to expand support to additional blockchains later this year.
Related Posts
The introduction of Circle’s new product aligns with a movement within the cryptocurrency sector to popularize stablecoin transactions.
Stablecoins are a type of cryptocurrency whose value is linked to a fiat currency, typically the U.S. dollar. They play a crucial role in connecting traditional payment systems with the digital-asset industry and currently hold a value of $128 billion.
Circle CEO Jeremy Allaire remarked:
“This new platform marks the first step for Circle’s Web3 services as we work to ease common pain points for developers, remove friction from value exchange, deliver more seamless user experiences and help drive blockchain-powered wallet adoption.”
Following the implementation of Hong Kong’s new crypto law earlier last month, the CEO has been closely monitoring any regulatory developments. While the United States is intensifying its scrutiny of cryptocurrencies, various companies in the sector are directing their attention towards Asia.
Highlighted Crypto News Today:
PEPE Memecoin Pumps Over 12% Surge in the Last 24H
