- 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.
Disclaimer: Content displayed on thecryptoassociate.com is not investment advice. Investors should do their own research before investing in digital assets or anything displayed on this site. The Crypto Associate does not recommend trading any sort of investment in cryptocurrencies and digital assets. The Crypto Associate is not responsible for any losses incurred due to the buying or selling of cryptocurrencies displayed on this site. All content is for informational purposes only. The Crypto Associate does not endorse, affiliate or represent any third-party links including advertisements. The Crypto Associate participates in affiliate marketing. Read the full disclaimer