MARKET VALUATION

67

Peer-to-peer payments company , Circle , was founded in 2013 by Jeremy Allaire and Sean Neville ; today it is worth close to US $ 3bn . The business has been a leader in the field of crypto technologies since its founding ; it received the first BitLicense issued by New York State ’ s Department of Financial Services in 2015 and received the first virtual currency license issued by the British government a year later . Today , the company offers a platform to individuals , institutions and entrepreneurs who want to build businesses , invest and raise capital with open crypto technologies in a bid to develop and implement next-generation blockchain technology . Circle partnered this year with Coinbase to develop an ethereum blockchain-based USDC coin , and is backed by the likes of Goldman Sachs .

www

. fintechmagazine . com