• Quantoz gains Visa nod to issue stablecoin-linked debit cards in Europe The Dutch electronic money issuer will act as a BIN sponsor for fintech partners, linking regulated dollar- and euro-denominated tokens to mainstream card rails. • Cointelegraph in your social feed Dutch payments company Quantoz Payments has become a principal member of Visa, enabling it to issue virtual debit cards backed by its regulated e-money tokens and sponsor third-party fintechs seeking to offer stablecoin-linked payment products across Europe. • Under the agreement, Quantoz will be able to issue Visa-branded virtual cards tied to balances held in its USDQ, EURQ and EURD e-money tokens, allowing users to spend those funds online, in stores and through mobile wallets. • The company will also act as a BIN sponsor, enabling fintech partners to embed card issuance directly into their platforms. • Quantoz holds an Electronic Money Institution license from the Dutch central bank and issues its tokens as regulated electronic money within the European Economic Area, with reserves held 1:1 in safeguarded accounts through a bankruptcy-remote foundation structure. • The companysaidit is also required to maintain at least an additional 2% reserve buffer on its balance sheet.
Article Summaries:
- Dutch payments company Quantoz Payments has become a principal member of Visa, enabling it to issue virtual debit cards backed by its regulated e-money tokens and sponsor third-party fintechs seeking to offer stablecoin-linked payment products across Europe. Under the agreement, Quantoz will be able to issue Visa-branded virtual cards tied to balances held in its USDQ, EURQ and EURD e-money tokens, allowing users to spend those funds online, in stores and through mobile wallets. The company will also act as a BIN sponsor, enabling fintech partners to embed card issuance directly into their pla
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