Crypto Version of U.S. Dollar, HTC’s Blockchain Phone, Square Cash: Wednesday, May 16th News Bytes

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Circle is Rolling Out a Crypto Version of the U.S. Dollar
Goldman Sachs-backed start-up Circle is introducing a crypto version of the U.S. dollar. CNBC reports, “Circle is one of the most well-funded blockchain start-ups, with investors including Goldman Sachs Group and Baidu. The fintech company operates its peer-to-peer payment network using blockchain, the technology that underpins bitcoin.”

HTC Develops Blockchain Native Phone
HTC is working on the development of a phone called Exodus, designed to specialize in blockchain as well as decentralized applications. ZDNet reports, “Chen noted that Exodus will include the following: A built-in secure hardware enclave. Android. Support for protocols such as Bitcoin, Lightning Networks, Ethereum and Dfinity.”

Square Cash Growth Accelerating Faster Than Venmo Partially Due to Bitcoin
BlockExplorer’s Anthony Severino tells us “While it’s been widely reported that Square only earned $200,000 from bitcoin transactions in Q1 2018 since its January launch, Dolev believes that offering bitcoin may have helped spark the app’s accelerated growth, comparing Square Cash app downloads to Coinbase’s app.”

Image courtesy of Carty Sewill, http://cartyisme.com/

Carlie Fairchild

Carlie Fairchild is the Publisher of Linux Journal. She’s been actively engaged in the Linux community for two decades and is responsible for setting the magazine’s overall direction. Carlie leads a motley team of geeks and journalists to ensure that Linux Journal stays true to its founding ideologies of personal freedom and open-source technical innovation.

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