The Financial Supervisory Authority of Iceland (FME) has approved Reykjavik-based Monerium as its first electronic money institution. The designation, announced Friday, means that Monerium has regulatory approval to provide fiat payment services on a blockchain and use it throughout the European Economic Area.
Litecoin is the only major crypto asset to match the performance of bitcoin since the 2017 bull market. Subsequent to achieving an all-time high at $20,000, the bitcoin price has dropped to $8,000, recording a decline of around 60 percent. Litecoin, with its recent recovery, has minimized its loss from ATH to 61 percent, closely following the performance of bitcoin.
Visa’s blockchain-powered business-to-business payments service, first made public in October 2016, has officially gone live. As reported by Reuters on Tuesday, the payments giant has launched its Visa B2B Connect network – a product that was originally developed alongside blockchain startup Chain.