Goldman Sachs invests in bitcoin start-up Circle Internet Financial
Circle Internet Financial, a bitcoin start-up led by Internet entrepreneur Jeremy Allaire, said it raised $50 million from investors including Goldman Sachs Group Inc., giving the virtual currency a jolt of credibility even as it struggles to gain consumer acceptance. Circle said the new group of investors included a major Chinese investment firm, IDG […]
New technology will slash foreign currency costs for consumers
Consumers should pay less than 1 percent in fees to exchange currency thanks to changes in financial infrastructure that are gathering pace, says the head of one of Europe’s biggest payment infrastructure providers. That compares to up to 10 percent still being charged by some of the market’s biggest players. Chief Executive John Sharman’s Tuxedo […]