Elrond Wins Approval to Issue E-Money in Europe

Elrond will soon be able to issue e-money in European Union, thanks to regulatory approval of its recent acquisition. On Thursday, the blockchain startup won the approval of the Romanian Central bank to acquire a fintech company Twispay. Twispay is a Romanian financial institution that provides payment services and issues electronic money. It also offers payment services for Visa and Mastercard. Twinspay also has the license to operate in the entire European Economic Area. That includes the European Union, Iceland, Liechtenstein,…