Circle adds “Collections” to its crypto investment app
After having launched “Buy the Market” a few months ago, Circle has announced a new feature for its crypto investment app Circle Invest called “Collections”, which includes Platforms, Payments, and Privacy.
According to the blog post, the company wanted to add these three additional collections after the successful launch of “Buy the Market” feature.
“A few a months ago, we launched “Buy the Market” – a way for our customers to buy all our listed assets in one tap. This feature was so successful that over 30% of our users are taking advantage of it. Today we are building upon this theme through the launch of 3 additional collections – Platforms, Payments, and Privacy. Users will be able to purchase all the assets in each of these categories in one tap,” says the blog post.
The company notes that understanding and grasping of cryptocurrency is complicated. And therefore, users need to be informed of the basics. The post outlines that various crypto assets in each collection will be weighted according to their respective market caps.
The blog goes on to state, “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.”
“If customers are passionate about this category of assets and want to invest, they can simply buy the Payments collection. Each of the assets in the collection will be weighted by market cap. Customers will also be able to educate themselves on the collections through our in-product content,” the post adds.
The company will also add more collections and educational material in the near future so that customers can invest in different categories that interest them the most.
As reported by BC Focus earlier, Circle launched a new stablecoin pegged to the US dollar. The stablecoin called USD Coin [USDC] will be available for immediate trading on Circle’s Poloniex exchange and Circle Trade.
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