Expands Coverage in Canada, Coinweb Acquires OnRamp Technologies Limited

Expands Coverage in Canada, Coinweb Acquires OnRamp Technologies Limited

Tribunnews.com journalist, Eko Sutriyanto

TRIBUNNEWS.COM, JAKARTA – Coinweb, a cross-layer 2 computing platform, acquires Fintrac-listed OnRamp Technologies Limited, a Money Services Business (MSB) licensed payment company.

This acquisition will allow Coinweb to provide services to customers in Canada for the first time and to be able to launch the platform in North America after obtaining a European digital asset license.

“The Money Services Business Canada license enables Coinweb to offer virtual currency exchange and virtual currency transfer services, paving the way for a fully integrated fiat wallet with cross-chain tokenization functionality,” said Coinweb CEO Toby Gilbert in a statement Friday (4/22)./2022).

Coinweb, he said, will continue to strive to acquire licenses worldwide. He has therefore assembled an experienced internal compliance team to ensure the company’s future success in the digital landscape as the new regulatory framework is implemented.

Read also: April inflation forecast at 0.74%, commodity contribution from cooking oil to fuel

“As Coinweb’s capabilities grow, this license will help provide liquidity and enable smooth entry and exit of fiat with crypto assets,” he said.

Coinweb is an IT platform that started its journey in mid-2017.

With an impressive lineup of team members and an advisory board from the traditional technology, business, and blockchain worlds, Coinweb solves some of the most critical problems in distributed ledger technology today.

Ferdinand Stevens

"Travel nerd. Social media evangelist. Zombie junkie. Total creator. Avid webaholic. Friend of animals everywhere. Future teen idol."

Related Posts

First round of trade negotiations between Indonesia and Canada

First round of trade negotiations between Indonesia and Canada

JAKARTA – Kementerian Perdagangan Indonesia serta Kementerian Usaha Kecil, Promosi Ekspor, dan Perdagangan Internasional Kanada segera memulai perundingan Perjanjian Kemitraan Ekonomi Komprehensif Indonesia-Kanada (ICA-CEPA). Kedua kepala pemerintahan juga telah sepakat mempererat hubungan melalui suatu kerja sama perdagangan bilateral. [–> “Sepanjang 2021,

At the same time, this power project will connect Java-Kalimantan to Malaysia and Brunei. « En plus d’être la plus grande économie de l’ASEAN, l’Indonésie possède également les plus grands projets d’infrastructure par rapport à tous les pays de l’ASEAN

Earthquake shakes Canada – Espos.id

Earthquake shakes Canada – Espos.id

Zoom ESPOS.ID – Information and inspiration guide Jakarta–An earthquake shook the region north of Ottawa, Canada. Thousands of people fled their offices. Vibrations from the earthquake measuring 5 on the Richter scale were also felt as far away as New

Leave a Reply

Your email address will not be published. Required fields are marked *