Social Payments Company Circle Expands To UK

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The social payments company Circle has expanded to the UK. Circle allows users to send money to one another. It works across borders and does not charge users any fees. At present, it covers three currencies (US dollars, UK pounds and Bitcoin) and it plans to expand to cover Euros later this year. It has said that it will launch in the European Union gradually, rather than in all countries at once, although it has not yet revealed which countries will be targeted first. There are similar social payments platforms in China, such as WeChat Pay and Alipay, but there are currently no such apps in the West that have gained significant popularity, something that Circle describes as a huge opportunity. 

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