“These 4 assets were selected specifically based on their potential to contribute powerful infrastructure to the broader crypto ecosystem,” explained Circle in the official statement.
The selection includes the up and coming EOS, which is seen as gaining importance in the crypto ecosystem, as a medium for distributed apps, as well as a potential quote currency. XLM is seen as one of the fastest networks, and is potentially the go-to scalable solution for cross-border payments.
The 0x project is a protocol used on decentralized exchanges, and QTUM is one of the promising platform coins on the Chinese market.
The Circle app will also add an educational section, to better understand crypto assets, providing relevant information to understand each coin. Circle does not offer private key wallets, but it offers a fast way to own crypto assets.
Additional services include a global OTC market, as well as portfolio investments. Users of Circle can choose to buy all of the 11 digital assets on offer. Additionally, there are options for automated monthly purchases, as Circle is fully legalized and connects to user bank accounts.
Buying crypto assets has become easier in the past year, although investments are still relatively limited. But for retail buyers, adding small investments is more accessible compared to betting large sums on a single coin. Circle started with what many see as the most solid coins - Bitcoin (BTC), Litecoin (LTC), Bitcoin Cash (BCH). Ethereum (ETH) and Ethereum Classic (ETC) are also supported, as well as anonymous coins Monero (XMR) and ZCash (ZEC).
Recently, the Circle app pointed out that it aims to popularize crypto investment among women, to break up the dominance of male investors. According to recent eToro research, women investing in crypto are still a small minority.