GlobeNewswire by notified

Aplo is now officially an Agent Payment Service Provider boosting the EU crypto ecosystem

Share
  • Aplo is an EU-based DASP under regulatory oversight and is the only licensed crypto broker for traditional financial institutions in the European Union 
  • Aplo has been approved as an Agent Payment Service Provider 
  • By partnering with European Neobank, Olkypay, Aplo will now offer a suite of banking solutions to customers 
  • The combination of Olkypay’s banking solutions and Aplo’s cryptocurrency infrastructure lowers the barriers-to-entry for crypto start-ups and hedge funds


(Paris, 10th November, 2022) Aplo, the EU-licensed broker and cryptocurrency technology provider, has today announced its approval from the regulator as an Agent Payment Service Provider* (PSP), enabling the company to offer banking solutions combined with the full power of Aplo’s advanced cryptocurrency infrastructure across the European Union (EU).** 

Facilitating entry into the Digital Assets market 

Traditional financial institutions in France and across the EU do not typically offer banking services and payment infrastructure to businesses that work with digital currencies and digital assets. This creates high barriers-to-entry for European crypto ‘start-ups’ seeking to operate in the space and disincentivizes hedge funds operating within the EU who would like to trade and own digital assets. 

The partnership with European Neobank, Olkypay, will allow Aplo to offer a suite of banking solutions to customers including fiat deposits, payments and operations, as well as continuing to provide EU-licensed zero-hassle crypto trading, custody and subledger services. 

Additionally, the approval will allow Aplo to issue a dedicated business IBAN to load fiat currency and cryptocurrencies for payments, operations and trading purposes. This means traditional funds that are reluctant to send fiat funds to a third party like Aplo will now be able to deposit fiat directly into a bank account in their name. Further underscoring why Aplo is the perfect commercial partner for organizations looking to operate cryptocurrency businesses or funds. 

Expanding the French and European crypto ecosystem through a regulated partner

Oliver Yates, Aplo CEO and co-founder, commented: 

“The crypto ecosystem is flourishing in France and across Europe as developers, entrepreneurs and financiers embrace the opportunities the technology presents, but it remains difficult to find banking services for businesses that work with digital currencies and digital assets, this is potentially stifling innovation and growth. 

Our approval as an Agent PSP means that we can help overcome some of the major challenges facing organizations with crypto operations whether that’s a fintech startup or hedge fund - powering the European crypto ecosystem.”

Franck Rouayroux, Olkypay CEO and co-founder, commented:

“For the end customer, the purchase of cryptocurrencies is done by bank transfer or credit card. Exchange platforms that offer cryptocurrency acquisition services are therefore faced with the need to collect money from their customers to execute purchase orders.

We are proud to work with Aplo and that they have become an Agent PSP enabling them to provide payment accounts to their customers that can be used for incoming and outgoing funds for euro to cryptocurrency conversions.

We are the first Neobank to offer this kind of service related to digital assets and therefore to cryptocurrencies. It seemed appropriate to bring our expertise in this area to guide players wishing to play a role in this still new world of digital assets.”

-ENDS- 

Notes to Editors 
*Register of payment institutions authorized by The Commission de Surveillance du Secteur Financier. 

The CSSF is a public institution which supervises the professionals and products of the Luxembourg financial sector.

** List of countries this applies to: Belgium, Cyprus, France, Germany, Ireland, Italy, Malta, Netherlands, Poland, Portugal, Romania, Spain 

For media inquiries please contact:
Benjamin Craig
media@aplo.io
+33 7 68 21 53 82

To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.

About GlobeNewswire by notified

GlobeNewswire by notified
GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://notified.com

GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire by notified

Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire by notified

Junshi Biosciences Announces NDA Acceptance in Hong Kong for Toripalimab25.4.2024 04:11:25 CEST | Press release

SHANGHAI, China, April 24, 2024 (GLOBE NEWSWIRE) -- Shanghai Junshi Biosciences Co., Ltd (“Junshi Biosciences,” HKEX: 1877; SSE: 688180), a leading innovation-driven biopharmaceutical company dedicated to the discovery, development, and commercialization of novel therapies, announced that the Drug Office, Department of Health, the Government of the Hong Kong Special Administrative Region (“DO”) has recently accepted the New Drug Application (“NDA”) for toripalimab in combination with cisplatin and gemcitabine for the first-line treatment of adults with metastatic or recurrent locally advanced nasopharyngeal carcinoma (“NPC”), and as a single agent for the treatment of adults with recurrent, unresectable, or metastatic NPC with disease progression on or after platinum-containing chemotherapy. The NDA is supported by results from JUPITER-02, a randomized, double-blind, placebo-controlled, multinational multi-center Phase 3 clinical study (NCT03581786) that examined toripalimab in combina

Net Income of R$ 55.3 mm in 1Q24, a 90.1% Increase YOY and Leases EBITDA Margin of 72.1%25.4.2024 02:58:18 CEST | Press release

On track to deliver 2024 Record Production of 500,000 sqm of GLA BELO HORIZONTE, Brazil, April 24, 2024 (GLOBE NEWSWIRE) -- Log Commercial Properties (B3: LOGG3), a leading developer of greenfield assets and lessor of Class A logistics warehouses in Brazil, is pleased to announce its financial results for the first quarter. 1Q24 Operational Highlights: Deliveries totaling 57,000 sqm of GLA were completed with a 100% pre-lease rateMilestone of 2.0 million sqm of GLA historically delivered by the CompanyGross absorption of 134,000 sqm of GLAStabilized vacancy of 0.91%,Same Client Rent of 1,9%, above inflation for the 7th consecutive quarter 1Q24 Financial Highlights: Strong EBITDA of R$ 74.0 million in 1Q24, with a growth of 36.4%EBITDA from leases of R$ 38.8 million and a margin of 72.1% in 1Q24Asset recycling of R$ 1.7 billion in the last 12 monthsAdjusted net debt reduction of 37.4%, totaling R$ 744.3 million in 1Q24Adjusted leverage of 0.8x considering the asset sales in April Manage

Elavon and FreedomPay to transform payments for hospitality and retail in Europe25.4.2024 01:01:00 CEST | Press release

LONDON, April 24, 2024 (GLOBE NEWSWIRE) -- Elavon, a leading global payments provider, today announces its expanded collaboration in Europe with FreedomPay, a global leader in Next Level Commerce™ technologies. The partnership aims to deliver cutting-edge integrated commerce solutions and omni-channel payments technology to large enterprise merchants across Retail and Hospitality. The agreement pairs Elavon acquiring with FreedomPay commerce technologies to benefit Elavon merchants across Europe, empowering businesses with enhanced payment flexibility and optionality, data security, and a seamlessly integrated payments technology across both physical and ecommerce channels. “Elavon and FreedomPay have an enviable track record in Europe of helping hospitality and retail merchants grow their operations and better meet their customers’ needs,” said Hemlata Narasimhan, President of Elavon in Europe. “We’re pleased to extend our relationship with FreedomPay to continue to offer the first-cl

Ensurge Micropower ASA - Grant of Incentive Subscription Rights24.4.2024 23:30:00 CEST | Press release

The Board of Directors of Ensurge Micropower ASA (the "Company") resolved on 24 April 2024 to issue a total of 202,200 incentive subscription rights to employees in the Ensurge group. The grants were made under the Company's 2023 incentive subscription rights plan, as resolved at the Annual General Meeting on 24 May 2023, and amended on the Extraordinary General Meeting held on 10 November 2023. The exercise price of the subscription rights is calculated to NOK 1.2640 per share. The subscription rights expire on 24 May 2028. The subscription rights follow the terms and conditions of the 2023 subscription rights incentive plan. Following the grant there are 46,057,881 incentive subscription rights issued and outstanding in the Company. For more information, please contact: Lars Eikeland, Chief Executive Officer E- mail: lars.eikeland@ensurge.com This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Bombardier Unveils Bold New Brand Identity Worldwide as Company Soars Toward an Ambitious Future24.4.2024 23:12:07 CEST | Press release

A new logo celebrates the company’s successful shift toward pure-play business aviation. The symbol itself, the Bombardier Mach, features the silhouette of an aircraft breaking the sound barrier, while the strokes of wind over a wing reference the company’s heritageThe employee value proposition “where heart meets mastery” focuses on Bombardier’s talented people, celebrating the workforce’s renowned passion, its incredible craftsmanship and profound technological expertise MONTRÉAL, April 24, 2024 (GLOBE NEWSWIRE) -- Bombardier, the worldwide leader in business aviation, today unveiled a new brand identity anchored by the evolution of the company’s logo. As Bombardier successfully moves forward as a company with a sole focus on designing, building and servicing the world’s best business jets, the new brand identity will reinforce and propel the company’s unique approach to its customers and stakeholders—putting people at the centre and instilling a one-of-a-kind sense of family. Bombar

HiddenA line styled icon from Orion Icon Library.Eye