TechFlow, May 28 — According to TheFintechTimes, London-based fintech firm Merge has received approval from French regulators to hold dual licenses as an Electronic Money Institution (EMI) and a Virtual Asset Service Provider (VASP). This authorization enables Merge to offer cross-border payment services that integrate traditional fiat currencies with blockchain-based stablecoins.
Merge provides multi-currency accounts, real-time payments, SWIFT connectivity, and other features through a single API, aiming to simplify global fund movements. Kebbie Sebastian, founder and CEO of Merge, stated that the service integrates stablecoins with real-time payment systems.
Merge is backed by investors including Coinbase and Octopus Ventures, positioning the company as a payment service provider operating across both traditional finance and blockchain ecosystems.
