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Solana payment application approved by UK FCA, expanding its footprint in Europe
【Crypto World】Sling Money, a Solana-based payment app, recently received a major approval—UK Financial Conduct Authority(FCA) officially authorized it to operate as a crypto service provider. This is not an isolated event. As early as April this year, Avian Labs had obtained a license in the Netherlands under the EU MiCA framework. What does these two licenses mean? It indicates that the company’s business layout in Europe is undergoing a qualitative change.
From a product perspective, Sling Money supports users to trade with the stablecoins USDP and EURC, can bind bank accounts, and more impressively, offers instant local currency withdrawal services covering 80 countries and regions. Such a feature set is still relatively rare in the payment sector. Currently, the app is in closed testing in the UK. Once officially launched, the payment imagination space within the Solana ecosystem will be opened up again.