According to TechFlow, on May 28, The Fintech Times reported that London fintech company Merge has been approved by French regulatory authorities, obtaining dual licenses as an Electronic Money Institution (EMI) and a Virtual Asset Service Provider (VASP). This approval enables Merge to offer cross-border payment services that integrate traditional fiat currencies with blockchain stablecoins.
Merge provides multi-currency accounts, real-time payments, SWIFT connectivity, and other features through a single API, aiming to simplify global fund flows. The company's founder and CEO, Kebbie Sebastian, stated that this service integrates stablecoins with real-time payment systems.
Merge's investors include institutions such as Coinbase and Octopus Ventures. The company will serve as a payment service provider covering both traditional finance and blockchain systems.