{"id":58665,"date":"2022-03-10T16:30:41","date_gmt":"2022-03-10T14:30:41","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=58665"},"modified":"2025-09-04T17:56:14","modified_gmt":"2025-09-04T14:56:14","slug":"elrond-network-acquires-eu-licensed-payments-firm-twispay","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/elrond-network-acquires-eu-licensed-payments-firm-twispay\/","title":{"rendered":"Elrond Network acquires EU-licensed payments firm Twispay"},"content":{"rendered":"<p>The European blockchain project Elrond Network has acquired the Romania-licensed payments services provider Twispay, authorised to issue electronic money.<\/p>\n<blockquote class=\\\"twitter-tweet\\\" data-lang=\\\"en\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">BREAKING: The Romanian Central Bank approves the acquisition of e-money institution Twispay by Elrond.<\/p>\n<p>*This landmark decision puts <a href=\\\"https:\/\/twitter.com\/ElrondNetwork?ref_src=twsrc%5Etfw\\\">@ElrondNetwork<\/a> in a strategic position for European digital finance, paving the way for crypto debit cards &#038; stablecoins.*<a href=\\\"https:\/\/t.co\/KeC5HsBPWx\\\">https:\/\/t.co\/KeC5HsBPWx<\/a><\/p>\n<p>\u2014 Beniamin Mincu \ud83d\udd25\ud83c\udf13 (@beniaminmincu) <a href=\\\"https:\/\/twitter.com\/beniaminmincu\/status\/1501870514603986948?ref_src=twsrc%5Etfw\\\">March 10, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>The firm is also a major participant in the Visa and Mastercard networks, which implies the ability to issue payment cards.<\/p>\n<p>The financial terms of the deal, which received approval from the National Bank of Romania, were not disclosed.<\/p>\n<p>According to a statement, consultations with the regulator ran for several rounds since October 2021. The central bank&#8217;s decision was described by Elrond as &#8216;significant&#8217;, and the acquisition as &#8216;the first strategic step in building a bridge between traditional finance and the crypto space&#8217;.<\/p>\n<p>Under the existing authorisations, Twispay can operate across the entire European Economic Area, which includes EU countries, Iceland, Norway and Liechtenstein.<\/p>\n<p>Under proposed European Commission cryptocurrency regulation rules, licensed electronic money institutions will be entitled to issue stablecoins. Elrond noted that this would open new strategic opportunities for using blockchain technology.<\/p>\n<p>Among other potential offerings the firm is considering under future rules are cryptocurrency-supporting debit cards, services in DeFi and NFT spaces, and other Web 3.0 services.<\/p>\n<p>In November 2021, Elrond Network <a href=\"https:\/\/forklog.com\/en\/news\/elrond-token-climbs-nearly-50-as-maiar-dex-launches\">launched a decentralized exchange<\/a> Maiar DEX. The project&#8217;s mainnet <a href=\"https:\/\/forklog.com\/en\/news\/elrond-launches-mainnet-with-claimed-throughput-of-up-to-263000-tps\">began operating<\/a> in July with a claimed throughput of 263,000 <span data-descr=\\\"transactions per second\\\" class=\\\"old_tooltip\\\">TPS<\/span>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The European blockchain project Elrond Network has acquired the Romania-licensed payments services provider Twispay, authorised to issue electronic money.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1226,1853],"class_list":["post-58665","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blockchain-projects","tag-multiversx-egld"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/58665","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=58665"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/58665\/revisions"}],"predecessor-version":[{"id":58666,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/58665\/revisions\/58666"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=58665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=58665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=58665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}