Circle scraps proposed SPAC deal with Concord
Termination of the merger was approved by the board of directors of both Concord and Circle.
Termination of the merger was approved by the board of directors of both Concord and Circle.
The deal was signed in June and concluded in July, as part of Circle’s acquisition of CYBAVO earlier this year.
The funding round is expected to close in the second quarter of 2022.
The firm says it will operate under the supervision of US financial regulators.
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The combined company plans to float on the New York Stock Exchange (NYSE).
The company claims the funds will allow it to meet “significant global demand”.
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Payments services provider has introduced Centre, an open source project built on blockchain and designed to connect multiple digital wallets to process money transactions.
Marieke Flament, European MD at Circle, discusses how technology is transforming the global payments landscape.
Payments services provider Circle is offering its customers in the US, UK and Europe the ability to send and receive money across borders with no fees and no mark-up on foreign exchange (FX) rates. The firm says it is “just like sending email or sharing photos” – meaning it’s “free and instant”. There will be […]
Payments services provider Circle has commenced its operations in Europe, starting with euro availability in Ireland and Spain. The expansion will enable people in the EU/EEA region to send and receive person-to-person (P2P) payments with native Euro support to friends and family within their countries and across borders instantly – with zero fees.