understand it, Elrond Acquired TwisPay and the Central Bank of Rom issued them a licence to basically issue stable coins. But I have seen almost no activity on their Twitter page and very little other news besides the last Elrond Blog a few months back. Anyone got any updates?
You know Elrond's goal is to create the infrastructure for a high bandwidth, low latency, transparent financial system, and give anyone anywhere easy access to it. Well to achieve this we were proactively working with regulators to operate in a fully compliant manner within the perimeter defined by European law. Users, merchants, companies and money institutions will benefit significantly if money flows would happen with near-instant settlement times, at 100x less cost than we pay now, with full transparency, and higher reliability. This is something that together with Twispay & uTrust we will achieve in the Elrond ecosystem 🔥 The acquisition includes the full transfer of shares and licenses, which will enable us to facilitate broader access to financial services in full compliance with current regulation. In simple words, we will provide customers accounts with IBANs, associated debit cards, and payments with e-money currencies. This is work in progress and it's all happening in Q3/Q4 - tic tac - tic tac ⌛️💣
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