Coinbase finds a way to the European market through e-money
The most recognized firm is the first to receive an Irish license for an expansion to the EU and the European Economic Area
The exchange Coinbase, plans to expand in the European Union and European Economic Area market after being the first firm to receive an e-money license from the Central Bank of Ireland. This was reported by Coindesk, citing in turn the CEO of the United Kingdom headquarters in Coinbase, Zeeshan Feroz, who in a company blog corroborated this information, after opening an office in Dublin a year ago.
Feroz also said that the license will help open European Union (EU) and European Economic Area (EEA) markets for Coinbase customers. This advantageous opportunity will allow the Irish team to also serve as a customer throughout Europe.
According to this, the state-sponsored business development agency (IDA Ireland) called the movement “a positive network for the local financial industry,” as Coindesk digital media reported.
Expansion in the EU
Earlier this month, Coinbase gained access to the fastest payment scheme in the United Kingdom through ClearBank following a split with Barclays banking partner that caused temporary deposit and withdrawal problems for users.
This highlights the continued interest of the digital exchange platform to expand and generate impact on the market. On this occasion, “the approval of the Central Bank of Ireland will now allow us to expand our Irish operations and offer a better product to customers in some of our fastest growing markets. It will also allow us to ensure passenger transport for our customers throughout the EU and the EEA”, as Feroz indicated.
K. Villarroel
Source: dailybitcoin
