Sling Money Secures UK FCA License for Crypto Services

Sling Money Gains Regulatory Approval in the UK

Sling Money, developed by Avian Labs, receives UK Financial Conduct Authority (FCA) approval to offer crypto services.
Previously secured a license under the EU's Markets in Crypto-Assets (MiCA) framework from the Dutch regulator.
The app supports Paxos' dollar stablecoin, USDP, and Circle Internet’s euro equivalent, EURC.
Allows direct transfers linked to users' bank accounts via the Solana blockchain.
Currently available as a closed beta program in the UK; regulated as a Money Services Business in the US.

Stablecoin Payments Gain Traction

Stablecoins are becoming popular for cross-border payments due to their efficiency and reliability.
BC Card in South Korea successfully tested stablecoin payments for foreign tourists using digital prepaid cards.
Intuit partners with Circle to integrate USDC into its platform, enhancing services like refunds and remittances.