Elrond Network to Acquire e-Money License In Romania Popular blockchain project Elrond Network has been approved by the National Bank of Romania to purchase Twispay payments firm.

By implementing Twispay’s e-money license, Elrond plans to issue stablecoins in the European Union (EU).

  • According to the official release that was shared with CryptoPotatoElrond is a company that aims to reinvent the utility electronic money (e-money) and incorporate blockchain technology.

“This landmark decision from the Romanian Central Bank opens the door for EU citizens, and soon for everyone everywhere, to significantly benefit from value flowing with near-instant settlement times, at 100x fewer costs, with full transparency, and higher reliability.”

  • The team will be able not only to issue e-money but also to offer payment services under the second Payment Services Directive.

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