Payment technology company Circle announced that it plans to hire 100 people in Asia to expand its newly acquired Poloniex cryptocurrency exchange.
In an interview in Hong Kong, Circle’s co-founder and CEO ‘s Jeremy Allaire stated that the company will hire many people to provide services in South Korea, Japan, China and Hong Kong.
Goldman Sachs, Baidu and investment bank China International Capital Corp. According to Allaire, which has received $140 million in venture capital from major investors such as the company, the company is looking to diversify its offerings for Poloniex in the future.
Circle bought the Poloniex cryptocurrency exchange last month
“Long The future view is that every form of value on the planet will be a crypto token,” Allaire says. Allaire adds that it thinks Blockchain-based tokens and cryptocurrencies will continue to proliferate in the future.
Allaire also made it clear that Circle is trying to comply with local regulators, adding:
“We want to offer more presence to more markets and localize it to international markets. The most critically important thing is that we need to work with regulators on this.”
According to Bloomberg, the US-based company does not plan to raise additional funding this year. However, Allaire expects profits in the company’s second-year plans.
Circle, which was founded in October 2013, offers a variety of products, including mobile payments app Circle Pay and Circle Trade, with $2 billion per month in cryptocurrency transactions. On March 13, the company announced the launch of its crypto investment platform Circle Invest, which is now available to US citizens in 46 states.
Cointelegraph