Paxos Buys Membrane Finance To Expand EU stablecoin
Membrane Finance, the Finnish Electronic Money Institution, has been acquired by Paxos, a blockchain infrastructure platform. The blockchain platform will become a wholly licensed EMI in Finland and the EU due to the acquisition of Membrane Finance, which holds a Finnish Financial Supervisory Authority license. Thirty European nations acknowledge that license. In a statement, Walter […]
Paxos to Acquire E-Money Institution Membrane Finance
With a new agreement for Finland-licensed E-money platform Membrane Finance, Paxos hopes to increase its footprint throughout the EU. In an announcement on November 19, Paxos, the company that generates stablecoins, including Pax Dollar, PayPal USD, and Pax Gold, revealed the possible agreement. The report states that the acquisition of Membrane Finance will aid Paxos’ […]