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Globitex Group Company Granted Electronic Money Institution (EMI) Licence by EU RegulatorGIBRALTAR, Nov. 22, 2017 /PRNewswire/ -- Globitex, the new bitcoin exchange co-founded by early bitcoin adopter and former Executive Director and a Founding Board Member of the Bitcoin Foundation Jon Matonis, marks a significant milestone in its journey to make bitcoin a truly global currency of settlement. Globitex Holding (Latvia) group company NexPay UAB has been granted an e-money license (EMI) by the Bank of Lithuania to carry out payment services and e-money issuance in the EU. This opens a series of doors for Globitex exchange, enabling it to take an important step closer to its goal of dramatically increasing bitcoin trading volumes in order to facilitate its use right across the spectrum of commodity and money markets. Current operating entity of the Globitex bitcoin exchange is a UK-based Globitex group company. Bitcoin: currency of global settlement Globitex Chairman and Founding Director of Bitcoin Foundation, Jo Matonis, stated: 'I look forward to this evolution of digital currency trading platforms that ensure futures contracts with a physical delivery component. Strong connection to the spot markets, including contract limits and physical delivery that is linked to provisioned commodities, will serve as the market standard for price integrity.' The aim of Globitex is to facilitate entry into the bitcoin market for a new generation of customers, both retail and institutional-level traders, enabling the increase in value and stability that will allow commodities like crude oil, gold, coffee and other financial instruments to be priced directly in bitcoin. SEPA payments The regulatory green light for the EMI licence is a leap forward in the development of the bitcoin and broader cryptocurrency industry. This sets a new level of legitimacy for cryptocurrency overall, moving towards widespread adoption. Crucially, the newly-issued EMI licence is fully 'passportable' to all other EU member states, allowing NexPay to provide clients with payment services and e-money issuance across all 28 countries. Liza Aizupiete, Managing Director of Globitex, reflects: GBX token sale The GBX token will be sold for the equivalent of EUR 0.10 in Bitcoin (XBT), Ether (ETH) and Bitcoin Cash (BCH), with significant discounts for early participants. For more information, visit https://Globitex.com or to participate in the token sale visit www.GlobitexICO.com.
View original content with multimedia:http://www.prnewswire.com/news-releases/globitex-group-company-granted-electronic-money-institution-emi-licence-by-eu-regulator-300561333.html SOURCE Globitex |