Dapper Labs and Circle to Transform Purchase Experience for Media & Entertainment on new Flow Blockchain

BOSTON, Sept. 15, 2020 /PRNewswire/ — Circle, a number one international monetary know-how agency, and Dapper Labs, creators of CryptoKitties and firm identified for constructing accessible sports activities, leisure and client experiences on blockchain know-how, right now introduced a partnership that may allow followers to purchase and promote digital collectibles utilizing credit score and debit card funds that settle in USD Coin (USDC), the fastest-growing, fully-reserved and controlled digital dollar stablecoin.

To date, shopping for and promoting digital items and digital collectibles on blockchains has relied on cryptocurrency funds. With right now’s announcement, Dapper Labs’ Flow apps will add conventional fee choices with broader mainstream enchantment, eradicating friction and accelerating adoption. The transfer additionally gives the agency with the enterprise advantages of sport proceeds in USDC digital {dollars}, together with international funds that settle quickly, that are irreversible, extremely safe, and redeemable 1:1 for US {dollars} from banks in additional than 80 nations.

“We’re proud to work with Circle in building an amazing payments experience for all our customers on Flow, starting with NBA Top Shot,” mentioned Roham Gharegozlou, CEO and co-founder of Dapper Labs, “Circle’s payment technology combined with the performance of our new network, Flow, means any developer can build crypto-enabled applications without sacrificing user experience.”

“Dapper is a true pioneer in media and entertainment seizing decentralized blockchain technologies to provide consumers with experiences never before possible,” mentioned Jeremy Allaire, CEO and co-founder of Circle. “We are proud to be part of the story, enabling Dapper customers to fully participate in unique and highly engaging digital game economies with familiar methods of sending and receiving payments, while also getting the benefits of digital currency.”

About Circle

Circle is a worldwide monetary know-how agency that permits companies of all sizes to harness the ability of stablecoins and public blockchains for funds, commerce and monetary functions worldwide. Circle’s platform has supported over 100 million transactions price tens of billions of {dollars}, with practically 10 million retail prospects, over a thousand companies, whereas storing and securing greater than $5 billion in digital forex property. Circle can also be a principal developer of USD Coin (USDC), which along with Coinbase and the Centre Consortium oversees the requirements and protocol for what has grow to be the quickest rising, regulated, fully-reserved stablecoin. USDC now stands at a 2 billion market cap and is including practically 200 million web new digital {dollars} in circulation each week. Today, Circle’s transactional companies, enterprise accounts, and platform APIs are giving rise to a brand new era of monetary companies and commerce functions that maintain the promise of elevating international financial prosperity for all by way of programmable web commerce. Learn extra at https://circle.com.

About Dapper Labs

Dapper Labs is the creator of Flow and a number of the world’s hottest decentralized apps CryptoKitties and NBA Top Shot. They are additionally creators of the Dapper Wallet, the primary sensible contract pockets. Formed in February 2018, Dapper Labs is constructing a enjoyable, truthful, and free world by way of blockchain gaming. With over $50M in financing, notable traders in Dapper Labs embrace Andreessen Horowitz, Union Square Ventures, Venrock, GV (formally generally known as Google Ventures), and the founders of Dreamworks, Reddit, Coinbase, Zynga, and AngelList, amongst others. For extra info on Dapper Labs, go to www.dapperlabs.com.

SOURCE Circle Internet Financial, Inc.

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