RippleNet User Nium Acquires License To Offer Cross-border Payments in the UK
Quick Read
- Cross-border payments company Nium acquires Electronic Money Institution (EMI) license in the UK.
- Nium utilizes RippleNet to facilitate quick transactions.
Cross-border payments company Nium has acquired the Electronic Money Institution (EMI) license in the UK according to a press release.
Nium, a global financial technology platform, announced today that it has received the Electronic Money Institution (EMI) licence from the Financial Conduct Authority (FCA) in the United Kingdom to issue e-money and provide cross-border digital payment services in the UK.
Press Release
Nium also utilizes RippleNet to process transactions. Through RippleNet institutions can leverage relatively quick and inexpensive transactions. RippleNet’s On-Demand Liquidity (ODL) solution has seen substantial growth in volume in H1 2020 compared to H! 2019 as previously reported by The Crypto Associate.
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