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They may have the licenses, but do they actually do business under them? They did not in the past. So it always looked just like a fun ploy to gain some credibi
by megous 4y ago
They may have the licenses, but do they actually do business under them? They did not in the past. So it always looked just like a fun ploy to gain some credibility.
- sofixa 4y ago> They may have the licenses, but do they actually do business under them? They did not in the past What do you mean? They provide banking services, they cannot do that without a banking license to do it under. They used to only have one, in Lithuania, and use it for all operations, but now they have a bunch more and the most appropriate applies (e.g. I'm in France, and I'm under the French one).
- megous 4y agoCompanies can provide money services without a banking license. A lot of companies do. When I duckduck the question, even revolut has this in their FAQ: https://megous.com/dl/tmp/bbebf0d88acb54d8.png https://megous.com/dl/tmp/bbebf0d88acb54d8.png It's possible to have a license and not use it.