Kraken parent Payward to become first crypto firm to buy a EU bank as it expands into deposits, lending
Summary
Crypto exchange operator Payward has reached an agreement to acquire Saldo Bank, which is based in Lithuania. This transaction will provide the company with a European Union banking license, allowing it to offer lending and deposit services across the region.
Payward agreed to buy Lithuania’s Saldo Bank, which holds $190 million in total assets, securing an EU license for deposits and lending.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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