Digital currency start-up Circle Internet Financial has closed a $17 million funding round, including an investment from former Swift chief executive Leonard Schrank.
"and to reduce much of the friction and risk that is currently associated with bitcoin" - friction aside (a separate subject), one of the key risks of Bitcoin relates to its volatility which, in turn, stems from the "limited supply" nature of Bitcoin. There
is nothing Circle (or any other player) can do about it. IMHO.
Looks like VCs are still on the "land grab" spending spree as far as BTC is concerned...
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