Circle Announces Acquisition of Elements to Accelerate Crypto Payments

Circle Announces Acquisition of Elements to Accelerate Crypto Payments

Get developer first payment system to lower the entry barrier for merchants and create a smoother crypto payments experience

San FranciscoAnd the September 29, 2022 /PRNewswire/ — On stage at Converge22 today, Circle Announced an accelerated crypto payments roadmap enhanced by the recent acquisition of elementsMerchant and Developer Payments Coordination Platform First. The announcement includes plans to rapidly expand payment offerings to unlock the utility value of cryptocurrencies and reduce the barrier of entry for merchants to access next-generation payments and financial services.

The new payment offerings make it easier for merchants to integrate existing PSP relationships with Circle’s crypto payment offerings.

“We are very impressed with the Elements team for their work in removing complexity from crypto payments,” he said. Nikhil ChandhokCircle, Chief Product Officer, “Reducing entry barriers to payments and financial services and creating a dollar payments instrument is at the heart of Circle’s mission. Providing well-designed payment products that can facilitate seamless, efficient, friction-free, and enjoyable customer experiences is key to enabling merchants to benefit from solutions Next-generation payment.

As an issuer of US Dollars (USDC) and Euro Coin (EUROC), Circle is uniquely positioned to promote digital payments and the perpetual financial system as original features of the Internet. more than 49 billion dollars USDC in circulation as of September 28, 2022his strength has more than 5 trillion dollars It has been in the cross-chain transactions since its inception in 2018. Creating a payments platform that allows merchants to accept US dollar and other crypto payments at point of sale is a natural evolution of the growing global adoption of digital currencies.

“Elements’ mission is to put more money in the hands of merchants. Through Circle, we knew that the natural synergy in our business models would create an opportunity to offer seamless, low-cost payments and a settlement experience to merchants with a digital currency they could use with confidence.” Nafees JamalFounder and CEO of Elements, “Today’s news is just the beginning of our shared mission to deliver first-class payment offerings and define the next generation of payments.”

Elements founders Jamal and Hau Min joined Chandhok on stage at the circuit’s inaugural Converge22 conference to showcase the demo Crypto Payments API available in beta today as well as a comprehensive registration SDK for cryptocurrency traders that will be available in the fourth quarter of 2022. Please visit over here Learn more about the Crypto Payments API from Circle.

About Circle

Circle is a global financial technology company that enables businesses of all sizes to harness the power of digital currencies and the public blockchain for payments, commerce, and financial applications around the world. Circle is always online local commerce and payments and is an issuer of US Dollars (USDC) and Euro Coin (EUROC). Today, Circle’s transaction services, business accounts, and platform APIs are giving rise to a new generation of financial services and commerce applications that promise to lift global economic prosperity for everyone through the frictionless exchange of value. Learn more through https://circle.com.

SOURCE Circle Internet Financial, LLC

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