Change, a European cryptocurrency company, announced on Tuesday that it has gained a new license from the regulator in the Netherlands. This Dutch approval will allow the company to offer both traditional and digital assets across the European Union market.
The license was granted by the Dutch Central Bank to Change’s parent company, Change Group.
“This additional license means we can remove more complexities our community faces on their wealth creation journey. Combining our crypto expertise with our investment firm license’s new possibilities means we can ramp up our investment footprint and accelerate growth,” said Kristjan Kangro, the Founder and CEO of Change.
The company can now offer traditional investment instruments like stocks, shares, exchange-traded funds (ETFs) and even commodities. In addition, it can offer cryptocurrency and decentralized finance (DeFi) products.
“As the lines between traditional and digital investment opportunities continue to blur, this move gives us a strong foothold and provides our community with the best of both worlds,” Kangro added.
Pan-European Operations
Change currently offers several digital asset-related products. It offers cryptocurrency trading and payments
Payments
One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. While typically associated with cash transfers, payments can also be made in anything of perceived value, be it stock or bartering – though this is far more limited today than it has been in the past.The Largest Players in the Payments IndustryFor most individuals, the payments industry is dominated currently by card companies such as Visa or Mastercard, which facilitate the use of credit or debit expenditures. More recently, this industry has seen the rise of Peer-to-Peer (P2P) payments services, which have gained tremendous traction in Europe, the United States, and Asia, among other continents.One of the biggest parameters for payments is timing, which looms as a crucial element for execution. By this metric, consumer demand incentivizes technology that prioritizes the fastest payment execution.This can help explain the preference for debit and credit payments overtaking check or money orders, which in previous decades were much more commonly utilized. A multi-billion-dollar industry, the payments space has seen some of the most innovation and advances in recent years as companies look to push contactless technology with faster execution times.
One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. While typically associated with cash transfers, payments can also be made in anything of perceived value, be it stock or bartering – though this is far more limited today than it has been in the past.The Largest Players in the Payments IndustryFor most individuals, the payments industry is dominated currently by card companies such as Visa or Mastercard, which facilitate the use of credit or debit expenditures. More recently, this industry has seen the rise of Peer-to-Peer (P2P) payments services, which have gained tremendous traction in Europe, the United States, and Asia, among other continents.One of the biggest parameters for payments is timing, which looms as a crucial element for execution. By this metric, consumer demand incentivizes technology that prioritizes the fastest payment execution.This can help explain the preference for debit and credit payments overtaking check or money orders, which in previous decades were much more commonly utilized. A multi-billion-dollar industry, the payments space has seen some of the most innovation and advances in recent years as companies look to push contactless technology with faster execution times.
Read this Term services with digital assets. Apart from the latest Dutch license, the company holds an Estonian crypto license and another from the Dutch Authority for the Financial Markets (AFM).
“Having an additional license that allows us to offer a full financial services proposition in every country of the European Economic Area is game-changing,” Change’s Global Chief Risk & Compliance Officer, Ronald van der Wal, said.
“This development affords us a massive opportunity to grow not only geographically but also in the variety of investment opportunities we can offer our customers. Now, our focus remains on diversifying our portfolio and driving wider innovation.”
Change, a European cryptocurrency company, announced on Tuesday that it has gained a new license from the regulator in the Netherlands. This Dutch approval will allow the company to offer both traditional and digital assets across the European Union market.
The license was granted by the Dutch Central Bank to Change’s parent company, Change Group.
“This additional license means we can remove more complexities our community faces on their wealth creation journey. Combining our crypto expertise with our investment firm license’s new possibilities means we can ramp up our investment footprint and accelerate growth,” said Kristjan Kangro, the Founder and CEO of Change.
The company can now offer traditional investment instruments like stocks, shares, exchange-traded funds (ETFs) and even commodities. In addition, it can offer cryptocurrency and decentralized finance (DeFi) products.
“As the lines between traditional and digital investment opportunities continue to blur, this move gives us a strong foothold and provides our community with the best of both worlds,” Kangro added.
Pan-European Operations
Change currently offers several digital asset-related products. It offers cryptocurrency trading and payments
Payments
One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. While typically associated with cash transfers, payments can also be made in anything of perceived value, be it stock or bartering – though this is far more limited today than it has been in the past.The Largest Players in the Payments IndustryFor most individuals, the payments industry is dominated currently by card companies such as Visa or Mastercard, which facilitate the use of credit or debit expenditures. More recently, this industry has seen the rise of Peer-to-Peer (P2P) payments services, which have gained tremendous traction in Europe, the United States, and Asia, among other continents.One of the biggest parameters for payments is timing, which looms as a crucial element for execution. By this metric, consumer demand incentivizes technology that prioritizes the fastest payment execution.This can help explain the preference for debit and credit payments overtaking check or money orders, which in previous decades were much more commonly utilized. A multi-billion-dollar industry, the payments space has seen some of the most innovation and advances in recent years as companies look to push contactless technology with faster execution times.
One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. While typically associated with cash transfers, payments can also be made in anything of perceived value, be it stock or bartering – though this is far more limited today than it has been in the past.The Largest Players in the Payments IndustryFor most individuals, the payments industry is dominated currently by card companies such as Visa or Mastercard, which facilitate the use of credit or debit expenditures. More recently, this industry has seen the rise of Peer-to-Peer (P2P) payments services, which have gained tremendous traction in Europe, the United States, and Asia, among other continents.One of the biggest parameters for payments is timing, which looms as a crucial element for execution. By this metric, consumer demand incentivizes technology that prioritizes the fastest payment execution.This can help explain the preference for debit and credit payments overtaking check or money orders, which in previous decades were much more commonly utilized. A multi-billion-dollar industry, the payments space has seen some of the most innovation and advances in recent years as companies look to push contactless technology with faster execution times.
Read this Term services with digital assets. Apart from the latest Dutch license, the company holds an Estonian crypto license and another from the Dutch Authority for the Financial Markets (AFM).
“Having an additional license that allows us to offer a full financial services proposition in every country of the European Economic Area is game-changing,” Change’s Global Chief Risk & Compliance Officer, Ronald van der Wal, said.
“This development affords us a massive opportunity to grow not only geographically but also in the variety of investment opportunities we can offer our customers. Now, our focus remains on diversifying our portfolio and driving wider innovation.”
Source: https://www.financemagnates.com/cryptocurrency/news/european-crypto-firm-change-gains-dutch-license/