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HAYVN Pay Receives Major European Regulatory License

HAYVN Pay, a globally regulated cryptocurrency payment platform extends its expansion in Europe. The Euro (EUR) and British Pound (GBP) have been added to existing settlement currencies, including the US dollar (USD), Australian dollar (AUD), Arab Emirates Dirham (AED), allowing HAYVN Pay clients to get paid in major cryptocurrencies and settle in fiat currencies.

What is HAYVN Pay?

HAYVN Pay is the payments arm of HAYVN, a digital asset-focused financial institution that has recently obtained a Virtual Asset Service Provider (VASP) license from the Lithuanian Financial Crime Investigation Service (FNTT), in addition to its existing licenses in Australia (AUSTRAC), the Cayman Islands (CIMA), Abu Dhabi (ADGM), and the British Virgin Islands (BVI).

HAYVN Pay provides the payment infrastructure to accept cryptocurrency payments, then get paid in traditional currency – all designed to help merchants capture more revenue, and mitigate volatility risks. HAYVN Pay aims to bring cryptocurrency as a payment tool to 75% of the world’s payments merchants by 2024.

HAYVN Pay now licensed in Lithuania

With Lithuania being recognized as a leading European jurisdiction for cryptocurrency regulation, the country is a strategic hub for expanding HAYVN’s services across the European continent.

The country’s robust regulatory framework, coupled with its proactive approach to virtual asset regulation, aligns with HAYVN’s commitment to maintaining the highest standards of compliance, security, and trust for its clients in the markets in which they operate.

We are delighted to have obtained the VASP license from Lithuanian regulators” Said Christopher Flinos, CEO of HAYVN. “This achievement solidifies our position as the trusted and compliant European cryptocurrency provider, enabling us to deliver innovative solutions to clients across Europe.

What does the VASP license mean for HAYVN Pay users?

By obtaining the VASP license from the Lithuanian regulators, HAYVN Pay is further equipped to offer its suite of services throughout Europe, catering to the diverse needs of individuals, businesses, institutions and governments within the rapidly evolving digital economy.

This regulatory approval complements HAYVN’s existing regulatory framework in the UAE, the Cayman Islands, Australia, and the British Virgin Islands, reinforcing HAYVN’s commitment to regulatory compliance globally.

How is HAYVN expanding in Europe?

HAYVN Pay is a part of HAYVN, a leading digital asset focused financial institution delivering Payments, Trading, Custody, Asset Management and Research services, now provides two additional fiat currencies for settlement – the Euro (EUR) and British Pound (GBP). HAYVN Pay’s addition of the two major currencies acts as a major expansion in services to the European market, complementing existing USD, AUD, AED fiat capabilities.

GBP and EUR deposits into HAYVN Pay accounts can now be converted directly into cryptocurrencies and clients transactions in cryptocurrencies. like Bitcoin, Ethereum, USD Coin (USDC) and Tether (USDT), can be settled in these currencies.

What does the HAYVN Pay product suite include?

HAYVN Pay offers merchants the most secure and reliable way to accept crypto payments without being exposed to the volatility of cryptocurrencies. Merchants can choose to accept digital currencies with the option of settling in traditional currencies directly to their bank account.

The liquidity of crypto to fiat and settlement to bank accounts can be executed through automated APIs provided by HAYVN Pay. In addition, merchants can use their pre-existing payment infrastructure to accept cryptocurrencies and manage multiple POS systems collectively on the HAYVN Pay dashboard.

HAYVN Pay is a part of HAYVN, a digital asset focused financial institution delivering Payments, Trading, Custody, Asset Management and Research.

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