Elrond received approval from the Romanian Central Bank to buy Twispay

Elrond received approval from the Romanian Central Bank to buy Twispay

Elrond announced its acquisition of Twispay on Thursday, March 10. Twispay is an international payment platform that supports multiple fiat currencies and offers a variety of payment methods.

Twispay is a member of the international payment systems Visa and Mastercard, meaning it participates in the issuance of payment cards. The company also has a license to provide payment services and issue e-money, in accordance with the permission of the National Bank of Romania.

Elrond plans to become a bridge between traditional finance and the cryptocurrency industry. The deal is also designed to help Elrond improve its infrastructure by making payments faster and cheaper. The company also wants to move forward with the launch of stabelcoins and debit cards that support cryptocurrencies.

An Elrond spokesman said one of the company’s main goals now is to launch stablecoins:

“The main goal is to use Twispay’s e-money license to issue stabelcoins that could be used in the European Union for personal and commercial transactions.”

0 0 votes
Article Rating
Written by Renat
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments