Build Crypto Payment applications powered by USDC.
Crypto payments and smooth user onboarding is still a nightmare, but with circle API services it become a calkwalk.
Abstract
Circle is the issuer company of USDC and they provide programmatically handle USDC, ETH, and BTC through their API and SDK. Any application can leverage its infrastructure to provide a smooth and frictionless payment experience to users.
Why Layers App needs Circle?
Bridge Fiat to Crypto gap and provide easy onboarding.
Reduce the need for multiple transfers and save gas Fees.
Handle Money on Multiple Chains.
Create temporary wallets to handle the transactions.
Can be used to build privacy on-chain
Stablecoin
Regulatory Compliant (available across 150+ Countries)
API & SDK (handle payments off-chain)
Venture & Investment
Might be easy to handle the legal stuff
Payment Flow With Circle
Payment Features On Circle
Integration with Fiat
The Circle is bridging the gap between Fiat Currencies and digital ones with seamless integration.
The Users can deposit fiat through Card, Wire, and other payment methods and get the USDC on their Circle accounts.
The Fiat to USDC demo can be checked here: https://sample-sandbox.circle.com/flow/charge
Programmatically Controlled Accounts
The circle offers to create accounts with API and manage them through it.
Some advantages of Circle accounts are the following:
No Secret Keys
These accounts can send and receive funds to
A single user can create/remove accounts on different blockchains.
Some disadvantages of Circle accounts are the following:
The User doesn’t control the keys.
The Funds in the account get managed by the circle.
Privacy on-chain transaction
The Circle accounts can be used for the user to send and receive payments and here are some advantages:
Avoid Managing multiple secret keys.
Create temporary wallets.
Use Internal transfers to get more privacy.
Privacy demo in deposit
Deposit from Account 1 to master wallet
Do Internal Transaction between circle accounts
Circle Account to Account3
Note: The blockchain is public so there is no hiding there, the above process uses anonymity to make it hard for someone to figure out the user’s address.
Here are some of the transactions with Circle
External Wallet to Circle Account
Circle Account to External Wallet
Between two Circle Accounts
2023
