Romanian Central Bank approves Elrond acquisition of EMI institution Twispay

The Romanian Central Bank, in a landmark decision with implications for the evolution of digital finance in Europe, has approved the acquisition of Twispay, a financial institution licensed to provide payment services and to issue electronic money by Elrond.

The acquisition allows Elrond to offer a sustainable infrastructure for completely new payment rails for people in the entire EEA (European Union, Iceland, Liechtenstein and Norway).