Circles for Business Users
Circles is a means of payment. Exchange with Circles happens upon agreement between two trusted parties about the price and the quantity provided. Here are the trusted businesses that use Circles for their business operations.
Listen to their testimonials!
Why Accept Circles (CRC) in your Business?
What can you do with Circles?
Trust System for Groups and Businesses
How do Circles function in your business?
Circles vs Bitcoin
CRC are designed to be a means of exchange for communities and economic circles. Here is an overview of characteristics that might help you to better understand Circles in comparison to Bitcoin:
How to set prices in Circles?
We maintain 1 to 1 exchange rate between CRC and Euros. Maintaining this parity will allow you to set prices easier.
But at the end of the day it’s up to you.
A shared wallet is a wallet that you can open for any group or organization that you're part of. Every person who has a validated trusted accounted in Circles can create a shared wallet and add people to it. Shared wallets do not issue a basic income. To fund your shared wallet you must deposit a small amount of CRC to start. You can later send more CRC to it and receive CRC from others as well. Shared wallets can issue payments to others as well as receive payments. In order to receive CRC from others directly, shared wallets must first trust other accounts in order to receive their CRC. Shared wallets do not have a native CRC token of their own but can hold CRC from others. Because of this reason, shared wallets cannot receive trust, they can only give it.
The role of the Circles Cooperative
Access to Credit
What does it mean to your taxing and bookkeeping?
If you are a business, or you accept Circles for some kind of goods or services, you should pay taxes in euros just like you would for any other kind of income: bitcoin, euros, dollar, etc.
Taxation is relative to your jurisdiction and must be handled accordingly. We do not offer tax advice, and recommend that you speak with an expert from your area.
Here are sample tax assessments of concrete economic consumptions of Circles, based on German laws.