Merge Gains Dual Licenses for Cross-Border Payments in France

London fintech company Merge positions itself to advance the European crypto market by integrating fiat and stablecoin payment services. The approvals from French regulators signify a shift towards open crypto payment environments in Europe.

Merge, receiving licenses from ACPR and AMF, is now classified as an Electronic Money Institution and a Virtual Asset Service Provider. The company can offer broad financial services like real-time payments and SWIFT connectivity via a single API. Merge Gains Dual Licenses for Cross-Border Payments in France

Immediate effects include an improvement in business efficiency for handling invoice settlements and revenue repatriation. This move can stimulate the European market’s crypto payment infrastructure, allowing businesses to utilize blockchain technology alongside traditional systems.

These developments indicate the growing acceptance of crypto-related services within Europe, positioning France as a competitive environment for such innovations. The country’s dynamic banking ecosystem is affirmed by industry analysts. As Augustin de Romanet, President of Paris Europlace, stated,”

“Revolut’s strategic investment — as Europe’s leading fintech — reinforces Paris’ standing as a key financial centre, supported by a robust, innovative, and forward-looking ecosystem. This choice reflects the strong momentum we are collectively building to strengthen France’s economic competitiveness and international influence.”

The dual licensing may influence regulatory landscapes across Europe, with other nations possibly emulating France’s approach to fintech and stablecoin regulation. Historical trends suggest increased regulatory clarification can attract more crypto businesses to Europe. Merge Secures Dual Licenses for French Cross-Border Crypto Payments