Currencycloud: Secures e-money license from Dutch Central Bank
- Moving money around the world hard In some instances, setting up bank accounts abroad can involve completing hundreds of pages
- Global payments platform Currencycloud announced secured an e-money license from the Dutch Central Bank
- The licence one of only seven issued to non-banks by the Dutch Central Bank and also allow Currencycloud to store money
- Operate e-wallets on behalf of its clients, as well as process payments and collections
- The license is part of the company’s strategy to expand its European footprint from its existing Amsterdam office
- Also ensures passporting rights which allows Currencycloud to continue operating across Europe, no matter the outcome of Brexit negotiations
