Elrond acquires payment company Twispay. Thus, the project has also obtained the e-money issuance approval given by the Romanian National Bank.
Elrond, a scalability-focused first-layer blockchain, continues its acquisitions. Elrond, which recently acquired payment gateway Utrust, has now announced that it has acquired payments firm Twispay. With this move, the project has also received the approval of the Romanian National Bank to issue e-money.
Elrond CEO Beniamin Mincu said the move was a “turning point” for the European central bank. In an interview with CoinDesk, Micu said:
“This shows that central banks can move from a counterpoint to the crypto space, to a more neutral and potentially even positive point… with the Romanian Central Bank, for example, a legal and compliant We are in focused discussions on acquiring an e-money licensed institution that will allow us to create stablecoins in such a way.”
Under EU rules, the license will allow Elrond to operate e-money services throughout the European Union, Iceland, Liechtenstein and Norway.
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