FTX Teams With Circle for Payments and USDC Infrastructure
Global financial technology firm, Circle, announced today it has entered into a partnership with FTX.
FTX, one of the industry’s fastest-growing crypto-exchanges, has teamed up with fintech firm Circle in order to provide payments and treasury infrastructure for internet businesses. As per the terms of the global partnership, FTX has already integrated Circle APIs and debuted USD Coin (USDC) payments.
The payments will be supported across the FTX and Blockfolio services. The Circle API Services give FTX a firm grasp of their user experience all the while enabling payments and payout rails through ACH, credit and debit cards, and wire transfers.
With the new team-up, Blockfolio and FTX users are now able to fund dollar balances with instant access. This can be used for trading using credit and debit cards in over 175 countries. Funds are instantaneously settled in USDC.
Afterward, customers can transfer their USDC on Ethereum (ETH) and Solana (SOL). Solana is a third generation blockchain that allows on-chain USDC transactions free of transaction fees.
As far as USDC goes, it has continued to see strong growth and is on its way to becoming one of the fastest-growing regulated digital dollar currencies globally. The circulation of USDC has grown from 400 million in 2020 to more than 16 billion as of this writing. The adoption of USDC has grown across trading, payments, and lending within the blockchain scene.
The post FTX Teams With Circle for Payments and USDC Infrastructure appeared first on BeInCrypto.
- Mobile app
- Telegram Channel
- Telegram Group
- Binance Referral Link
- Bitmex Referral Link
- (Recommended For Leverage) ByBit Referral Link
- (Recommended For Altcoin Leverage) FTX Referral Link
- Buy Ledger Nano at discounted price
- Buy Cool Wallets at discounted price
All In One Crypto App is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by All In One Crypto App or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.es here