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Circle launches fee-free cross-border payments

Friday 16 June 2017 | 12:16 PM CET

Circle, a payments blockchain startup, has announced the launch of no–cost cross-border transactions to its users.

As part of the roll-out of the startup's service upgrade, customers in the US, much of Europe and the UK will not have to pay fees or mark-ups on foreign currency exchanges. The company also provides instant transactions for users that send funds between these countries.

The upgrade comes after the startup cringed from its Bitcoin buying and selling services, though at the time the startup said it still planned to use blockchain behind the scenes, as Coindesk states.

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