Circle has announced with excitement that Zcash has been added to its list of cryptocurrencies offered on the investment app.
According to the announcement on the startup’s blog, that Zcash, a cryptocurrency which is becoming a pioneer for privacy advocacy, is joining the ranks of those available on the platform namely Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, and Litecoin.
Circle Invest explains that users “will now be able to enjoy instant purchases, no minimums and a seamless investing experience”.
The company expressed that the “mission for Circle Invest is to democratize access to investing in crypto assets for every consumer. Making the wider breadth of assets available on Circle Invest will continue to be a part of this mission, and of course doing our best to ensure that we bring the crypto without the cryptic to everyone, anywhere.”
The application which is still a youngling, having only seen its launch recently, was promoted as an “app that’s actually built around investing, not trends”, and punted itself as a way which is “cheap and simple to invest in crypto and digital assets”.
The announcement of the launch of the application came very soon after Circle – which itself is still a young five-year-old startup – confirmed its acquisition of Poloniex in February and, even then, the deal was suggested to increase the chances of future cryptocurrency-related efforts and platforms that might emerge.
Circle Invest senior product manager Rachel Mayer allegedly reported that “Circle has an established working group dedicated to finding the best crypto assets for our customers,” but did not explain why Zcash, in particular, was chosen to be added to the listed tokens. She continued that a requirement for coins to be listed is that they must be “consistent with [their] regulatory licensure”.
The startup also said that this will be the first a series of exciting announcements – so we can only expect more announcements on the horizon.