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IPFS News Link • Bitcoin

The Future of Bitcoin Is Not as a Digital Currency

• https://www.wired.com, Cade Metz

In January, I met Circle CEO Jeremy Allaire for coffee in San Francisco. Even then, he was careful to paint his company not as a bitcoin operation but as an outfit that would help people easily trade good old-fashioned dollars with friends and family via a new smartphone app. And now, as it announced yesterday, Circle will no longer allow customers to buy and sell bitcoin.

Allaire says that Circle, a marquee startup backed by Goldman Sachs, never really saw bitcoin as a consumer technology. "When we founded this company three years ago, the vision was never to build a bitcoin company," he says, comparing bitcoin to internet protocols like http or smtp. In other words, the company saw bitcoin as a behind-the-scenes technology, not as a mainstream digital currency that the average person would use to pay for goods online or in a physical store.


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