Kraken Parent Payward to Buy Lithuania's Saldo Bank for EU Banking License
The Kraken parent would gain a license to offer interest-bearing deposits, loans, payment cards and euro payments.
At a glance
Payward, the parent of crypto exchange Kraken, is buying Lithuania's Saldo Bank to obtain an EU banking license.
A Lithuanian banking license would let Payward offer interest-bearing deposits, loans, payment cards and euro-denominated payments under EU banking rules.
If completed, the acquisition would give Payward a bank balance sheet and direct euro payment services.
Payward, the parent of crypto exchange Kraken, is buying Lithuania's Saldo Bank to obtain an EU banking license.
A Lithuanian banking license would let Payward offer interest-bearing deposits, loans, payment cards and euro-denominated payments under EU banking rules.
If completed, the acquisition would give Payward a bank balance sheet and direct euro payment services.
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