You are here

Goldman Sachs Backed Investment App Circle Brings Monero (XMR) On Board

stacks of monero coins

Users of the Circle Invest app can now invest in two privacy-focused alternative cryptocurrencies and seven in total, after the announcement that Monero (XMR) is completely integrated with their platform as of today.

The announcement comes just over a week after they revealed fellow privacy coin Zcash (ZEC) would be supported.

Users can make purchases instantly using their bank account using the app. Monero and Zcash join Bitcoin (BTC), Ethereum (ETH), Ethereum Classic (ETC) and Litecoin (LTC) to round out Circle’s roster of cryptocoins.

They also boast being completely free of commissions for all investment transactions.

No word as yet if they will be supporting other prominent cryptocurrencies, such as Ripple (XRP), which in particular has been speculated as a new addition, after a promotional screenshot of the app had included the token.

The news comes after recent mixed feelings worldwide regarding anonymity coins such as Monero. We recently reported that UNICEF Australia were using the infamous Coinhive script to allow users to contribute their processing power to mine Monero for charity, while Japan is apparently preparing to ban the trade of privacy focused cryptocurrencies altogether.

Circle, reportedly, has some serious ties in the global financial world and internet technology. They’re website claims that those working at Circle have founded and built the Allaire Corporation and Brightcove, and heralds members with experience working for firms such as Square, JP Morgan Chase, Adobe and Goldman Sachs.

Goldman Sachs are also listed as having backed Circle through venture capital contributions, alongside IDG Capital Partners, Breyer Capital and many more globally recognized brands.

Image From Shutterstock

Related posts

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.