Circle, a blockchain payments startup recently announced a new Reward Program that will make investments in cryptocurrencies a lot easier. It will try to break the barriers that restrict the investors from venturing into the crypto space.
Circle Invest’s new reward program
Circle launched a cryptocurrency investing product, Circle Invest in March this year across 46 states of the United States. Circle Invest now is on a crypto coin adding spree. Recently it added 12 coins to its roster including Ether (ETH), Bitcoin (BTC), Litecoin (LTC), Bitcoin Cash (BCH), Zcash (ZEC), Ethereum Classic (ETC), Monero (XMR), Qtum (QTUM), Basic Attention Token (BAT), Stellar (XLM), and 0x (ZRX).
In its online post, Circle stated, “Starting today and extending through the end of the year, we’re going to reward new Circle Invest customers with a free crypto asset (it could be a bitcoin!).” Circle Invest is the retail virtual currency trading platform of Circle. Its new reward program will offer new users one crypto coin for signing up for its retail app, investing and making a tweet about it.
The announcement from Circle Invest says that this reward system will run until the end of 2018 and is a part of the company’s efforts to trigger off crypto adoption as well as increase the user signup for its retail app. The company will offer one of the 12 cryptocurrencies listed on its Circle Invest platform as a reward.
Circle Invest gearing up for competition
There is a tough competition among the retail crypto exchanges at present. Most of them are trying to come up with new launches and new features for their products as a part of their tit for tat policy. The launch of this reward program from Circle Invest seems to be a way of competing with its major competitors, Abra and Coinbase.
The platform also announced that Liquid, a Japanese exchange, and Korbit, an exchange from South Korea are now listing Circle’s fiat-backed stablecoin USD Coin (USDC). Several other trading platforms and exchanges that listed Circle’s USDC include Changelly from the Czech Republic, America’s Thor Swap, and CPDAX from Korea. A digital lending solution powered by blockchain, LendIndex recently announced the addition of USDC to its SME loan portfolio.
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