Dominique wrote:
Basically it’s a preliminary licence with Money limitations. I assume they will upgrade to a full fledged emoney issuer. I am sure there is some red tape to deal with.
This is a very important licence and the wallet is submitting to voluntary regulation which affords a great deal of protection to all.
Yepp this will just be first step in the setup process, obviously to be viable you need to be able to hold more then $150 in your account. This sounds like a great idea all round, even if these guys fail then I’m sure someone else will succeed. It has always puzzled me why none of the bigger banks have tried to set up an Ewallet system, maybe it is just round the corner, especially with such a huge market now. :guitar: