Xace was approved for an important license that will let them offer their services to more gaming companies across Europe.
This company provides stuff like payment handling, business accounts, sending money domestically and between countries, and even currency exchange. So the license from the regulators in Malta (known as the MFSA) basically gives them the green light to grow their business with European casino and gambling operators.
Why is this a big deal? As we all know, most betting and gambling takes place online these days. And the companies running those sites can often operate across a bunch of different countries and deal in various currencies. So servicing them takes some specialized finance opportunities. Xace has it.
The Xace CEO David Hodkinson kept the statement that the license means a lot, and they’re cleared for takeoff across the EU as an approved option for casinos in need of payment and money transfer capabilities.