Company
Date Published
Author
Nikhil Chandhok
Word count
1215
Language
English
Hacker News points
None

Summary

Circle Internet Financial has announced updates to its Circle Payments Network (CPN) to enhance financial transactions using stablecoins. The company has expanded its payment corridors to include markets like Brazil, China, and Nigeria, and plans further expansion into regions such as the EEA, India, and the UAE. New features include a self-service CPN Console for seamless onboarding and integration, travel rule pre-check requirements, automated payment reversals, and API-driven requests for more information. Additionally, Circle is integrating new onchain capabilities and its recently launched Layer-1 blockchain, Arc, to improve transaction efficiency and compliance. Upcoming innovations involve embedding credit services via partners like Arf and Huma, and introducing programmable business logic with smart contracts to streamline payment operations. The network aims to offer enhanced tools for financial institutions, such as fraud management and custody services, to facilitate faster and more cost-effective money transfers globally.