As the first blockchain-based company in Europe, the Danish company ZTLment secured an authorization as a payment institution from the Danish Financial Supervisory Authority in October 2022.
ZTLment offers a payment solution via smart contracts on the blockchain. This enables automatic and fast payments based on data and conditions in the specific smart contract. The technology solves complex payout needs by automating workflows that reduce risks and consistently ensure timely payments.
With the license, ZTLment can now offer their smart contract software to customers across Europe. The software enables customers to move fiat currency via blockchain technology using peer-to-peer transactions based on simple IF-THEN-statements, while ensuring full compliance with European payment legislation (PSD2).
As Europe’s first payment institution on the blockchain, ZTLment can offer its groundbreaking service of conditional payouts and digital asset transfers to customers across the continent.
Samar Law assisted ZTLment in the process.
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As Denmark’s only specialized firm in cryptocurrency and blockchain matters, Samar Law has extensive experience in advising on working within this industry. If you have any questions on regulatory matters or need general consultation, we encourage you to contact attorney Payam Samarghandi at payam@samarlaw.dk or on mobile at +45 60793777 for a non-binding consultation.
