Recently, ZBD has obtained an Electronic Money Institution (EMI) license in the Netherlands. This move is aimed at expanding its digital payment services throughout the European Economic Area.
With this new EMI authorization, ZBD will be able to offer a variety of fiat-related services such as storing and transferring e-money, issuing debit cards, and introducing virtual International Bank Account Numbers (virtual IBANs) for both business and consumer use.
The approval from the Markets in Crypto-Assets Regulation (MiCAR) in December 2024 further solidifies ZBD’s position. Holding both EMI and MiCAR authorizations now allows ZBD to operate a wide range of fiat and crypto payment services within the European Union and the European Economic Area.
Combining Fiat and Bitcoin Through ClearBank
To support its expansion in the EU and EEA, ZBD has partnered with ClearBank. This partnership is crucial for handling business expenses and client funds as both operational and safeguarding accounts will be provided by ClearBank. The integration allows ZBD users to maintain balances in euros alongside Bitcoin, enhancing cross-platform transaction capabilities within the company’s ecosystem.
A spokesperson from ZBD highlighted that securing the EMI license represents a significant milestone for extending its presence in the European payments market. By integrating Bitcoin-focused infrastructure with fiat-based services, the firm aims to facilitate more integrated financial activities within interactive entertainment environments.
One of ZBD’s key strategies involves enabling cross-game and cross-platform fund transfers. For instance, users could spend euros in one game and earn Bitcoin rewards in another through this integration. ClearBank’s real-time payment processing capabilities will support these functions while ensuring compliance with regulatory standards.
ClearBank officials expressed their backing for ZBD’s plans to combine traditional financial services with the speed and efficiency of modern technologies like the Lightning Network. This partnership positions ZBD to offer innovative financial tools, particularly in the gaming sector, aimed at streamlining value transfers across digital platforms.
