Circle works as a financial technology firm worldwide that offers payments and treasury infrastructure for digital businesses. It has come up with the announcement that it is entering into a global partnership along with FTX. The FTX is another world’s fastest-growing crypto exchange. So, under this collaboration, FTX has opted for the integration with Circle APIs. It has also launched the support for USD Coin payments across its FTX and Blockfolio services.
Being developed on the Circle API Services, it will allow FTX to control their customer experience efficiently. Also, it will enable payments and payout rolls via ACH, credit and debit cards, and International wire transfers.
The Co-Founder CEO of FTX, Sam Bankman-Fried, said, “Circle has been a pioneer in making fiat work on blockchains for nearly eight years and has built deep capabilities to ease payments in crypto. The Circle is moving with incredible speed.
FTX is one of the fastest-growing crypto exchanges in the world. With Circle, we’ve found a very strong partner to build with.”
This alliance is now enabling FTX and Blockfolio customers to fund their dollar balances. It is offering instant access to trade by using credit and debit cards across 200 countries. It makes the funds to be instantly settled in USDC. The seamless fiat-to-USDC experience is not only enabling customers to easily transfer USDC on Ethereum but also on Solana, which is a rapidly growing 3rd generation blockchain product. Also, it helps in enabling on-chain USDC transactions in just a few seconds with no transaction costs at all.
According to Jeremy Allaire, the CEO and Co-founder of Circle said that FTX continues to impress the world with its blazing quick execution and pioneering innovation. Thus, it makes FTX among the most formidable companies in this global crypto ecosystem. Along with their latest collaboration, they are continuing to facilitate enhanced customer experience for payments and trading of cryptocurrencies. The Circle is thrilled to continue developing together, along with Sam and the FTX team.
Since its foundation in 2013, Circle is working as a Global FinTech firm that is enabling businesses of all sizes to control the power of stablecoins, along with public blockchains, for payments and commerce on a global basis. The firm has also introduced its next-generation payments processing APIs. Also, it has amalgamated the benefits of stablecoins and blockchain with the traditional forms of payments through banks and cards.