Elrond Network To Acquire e-Money License in Romania
Popular blockchain project Elrond Network was given the green light by the National Bank of Romania for the acquisition of Twispay, a payments company.
Elrond will issue stablecoins to the European Union (EU) by implementing Twispay’s e-money licence
Beniamin Mincu, Elrond Network, commented:
“This historic decision by the Romanian Central Bank opens up the doors for EU citizens and soon for everybody everywhere to benefit from value flowing at near-instant settlement speeds, at 100x less costs, with full transparency and greater reliability.”
The team will be able offer payment services under the second Payment Services Directive (2 PSD2). Beniamin Mincu (CEO of Elrond Network) stated at the same time that the platform’s team was closely working with regulators in order to ensure that they operate within the legal boundaries set by European law.
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