Circle's Bitcoin Bank Aims to Make the Digital Currency More Secure

By: Laura McQuarrie - May 17, 2014
References: circle & gizmodo
There have been some blips for Bitcoin as it tries to be more widely accepted as a legitimate form of currency, but Bitcoin bank Circle is hoping to make the digital currency more accessible, secure and safe to use.

Circle just opened up and as of now, it's only open by invite. With Circle, you're able to deposit American money and have it converted to Bitcoin, totally free of fees. While there are other Bitcoin banking services out there where you can take advantage of anonymity, Circle discourages this and requires several pieces of information to verify your identity, including a name, phone number, email address and the last four digits of your Social Security number.

Another thing that sets Circle apart is that it is insured, so if anything should happen to your digital currency, you won't find yourself at a loss.