TechFlow reports that Quantoz Payments, a payment subsidiary of Dutch blockchain company Quantoz, has obtained an Electronic Money Institution (EMI) license from the Netherlands Central Bank and is authorized to issue EURD, a regulated and programmable euro-denominated fiat currency on the Algorand network.
The EURD and its electronic money services are expected to be available to all businesses and consumers within the European Economic Area by the end of this year.
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