The Romanian Central Bank, in a landmark decision with implications for the evolution of digital finance in Europe, has approved the acquisition of Twispay by Elrond. Twispay is a financial institution licensed to provide payment services and to issue electronic money in accordance with the legislation in force and with the authorization received from the National Bank of Romania. Moreover, Twispay is a principal member of Visa (for issuing Visa […]
In the era of Web3, payments will be fast, inexpensive and secure. „By bringing powerful DeFi mechanics into play, payment processing will no longer incur costs, but rather become income streams,” according to Elrond. With the acquisition of Utrust, Elrond sets out to accomplish two goals: Payments: make payments faster, cheaper and more secure by using internet-scale blockchain technology Merchant Yield: transform payment processing services from a cost for merchants […]