Bitcoin wallet Circle says it has become the first company to receive a BitLicense from the New York State Department of Financial Services (NYDFS).
Alongside other functionality, Circle customers in the US can now hold, send and request dollars from their contacts and refuel their account by bank transfer or credit card.
The company's blog post reads:
Users also have the ability to toggle between bitcoin and dollars for free, with more currencies expected in the coming months.
'Still not perfect'
"Though still not perfect, the BitLicense and its requirements became clear and irrefutable prerequisites for serving and supporting everyone in New York," it said, concluding:
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