American fintech company Circle Internet Financial Ltd. has presented the users of Circle Invest application for Android and iOS devices, an opportunity to make contributions to cryptocurrency actives, divided into three collections: “Privacy”, “Platforms” and “Payments”.
Last month, Circle customers could invest in another collection dubbed “Buy the Market”. That feature from the company allows purchasing all the cryptocurrencies that the application supports, in one click. Yesterday, the company has added more thematic collections. The three new collections, as mentioned above, contain cryptocurrencies sorted according to their purpose: platforms, payments, and privacy.
Although some of the existing crypto assets perform several functions at once, Circle chose to establish clear distinctions for its new tool. For example Bitcoin (Bitcoin), Bitcoin Cash (Bitcoin.Cash), Stellar (XLM) and Litecoin (LTC/USD) are located in Payments collection.
“Crypto is complicated. Many projects aim to solve similar real-world problems, but take vastly different approaches to get there. Projects like Bitcoin, Bitcoin Cash, Stellar, and Litecoin are trying to build superior payment rails based on blockchain technology so that making payments is as easy, instant, and as borderless as sending an email,” said Divya Agarwalla, senior VP at Circle.
Crypto actives in new collections are sorted by their market capitalization. For the convenience of users, the application will also contain educational content so that investors can make more informed decisions when buying digital assets.
The ability to invest in a collection of crypto assets is available in the latest versions of the Circle Invest app for iOS and Android devices.
A similar product was recently introduced by Coinbase, named Coinbase Bundle.
Recall that less than two weeks ago, Circle added four new digital assets (EOS (EOS/USD), Stellar, 0x, and Qtum) to the Circle Invest platform, bringing the total number in the application to 11. Then the company announced the launch of the U.S. Dollar backed stablecoin USD Coin (USDC), which was created in partnership with CENTER Consortium and with the support of more than 30 partners from the crypto industry.
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