Elrond Network platform bought payments company Twispay
The Romanian Central Bank has approved the acquisition of Twispay by Elrond
10.03.2022 - 14:55
507
2 min
0
What’s new? Elrond Network, a blockchain platform, has acquired Romanian payments company Twispay, and with it the approval of the National Bank of Romania to issue electronic money. Elrond did not disclose the financial details of the deal. CEO Beniamin Mincu called it a “landmark decision” by Romania’s central bank.
What are Elrond’s prospects? Under EU permits, the license will allow Elrond to offer its services in the European Union, Iceland, Liechtenstein, and Norway. Under the law on Markets in Crypto-Assets Regulation (MiCA) proposed by the EU Commission, licensed institutions dealing with e-money can issue stablecoins.
“We’ve been having focused conversations with the Romanian Central Bank about acquiring an e-money licensed institution that enables us to create stablecoins, for instance, in a legal and compliant way,” Mincu said.
Useful material?
Telegram 
Twitter Trends
As of January 21, the capitalization of this sector of the crypto market exceeds $519 billion
Jan 21, 2025
Market
The platform generated $9,5 million in revenue during the same time
Jan 20, 2025
Market
Shares of the Trust are designed to track the market price of XRP with fewer fees and expenses
Jan 17, 2025
Market
The asset will allow USDT to move seamlessly between different blockchains
Jan 17, 2025
Market
Earlier, the community criticized the project for its lack of transparency, which led to a sharp drop in the HYPE token price
Jan 8, 2025
Market
Rising US Treasury bond yields are negatively affecting risk assets
Jan 8, 2025
Cryptocurrency rates
-
Bitcoin
$102 174
BTC
-3.38%
-
Ethereum
$3 222.21
ETH
-3.28%
-
Ripple
$3.15
XRP
-0.99%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Dogecoin
$0.351484
DOGE
-5.7%
-
Cardano
$0.972415
ADA
-3.18%
-
Stellar XLM
$0.421814
XLM
-3.23%
-
Polkadot
$6.35
DOT
-4.15%
-
Litecoin
$113.99
LTC
-3.4%
-
Bitcoin Cash
$431.05
BCH
-4.21%