Meet CENTRE: a foundation, open source project, protocol, and network aimed at breaking down the barriers which cost us money and time to connect to each other financially.
We can text message and email each other nearly instantly, for free, even if we use different mobile carriers or email services — even if we’re in different countries. The idea of a cross-border email is nonsensical. So why can’t we use Circle Pay to send money to someone in China who uses Wechat Pay, who can then pay someone who uses Paytm in India, to pay someone who uses any other social payment or messaging app or bank or wallet — instantly and safely anywhere in the world, with no cost?
The invention of cryptographic assets and blockchain-based computing and data sharing have ushered in the next major era of the open internet. Just as HTTPS, SMTP and SIP allowed for free information sharing and communications, blockchain technology will allow humans to exchange value and transact with one another in the same way: instantly, globally, securely and at very low cost (and without any cost to consumers). An open internet of value exchange can transform and integrate the world more deeply, eventually eliminating artificial economic borders and enabling a more efficient and inclusive global marketplace that connects every person on the planet.
It’s more than an idea: CENTRE is bootstrapped by contributions of internal software Circle has used for the past few years to connect payment systems from blockchains to card networks to ACH to SEPA, along with services for identity, risk, compliance, and currency exchange.