Circle FinTech Ltd (Circle) is a financial inclusion company aimed to provide a unilateral backbone for financial services. The goal is to ensure the facilitation of financial services between the formal and informal economies so that they can transact on a unified plane. The current situation is such that due to specific technology constraints by the market incumbents, it becomes overly expensive and impractical for the stakeholders to maintain a competitive advantage that also results in slower market reactivity. Besides, more issues like the absence of a comprehensive, interoperable network that is fully inclusive, creates a vacuum that has a very negative impact as it prevents the growth of the economy at large. Moreso, it gets in the way of decentralization which Circle thinks is needed to increase the livelihood of the masses.
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