Blockchain-based Payments Provider Billon Receives UK e-Money Registration

[kreslik.news]

Billon Financial, a subsidiary of Billon Group, today announced that following the successful completion of its UK Financial Conduct Authority (FCA) sandbox test, the regulator has removed the restriction on its registered status. It now has an unrestricted small e-money registration and this operates on blockchain technology.

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Billon’s technology allows corporate clients such as tobacco giant Philip Morris to manage loyalty incentive payouts themselves, and provides the ability to gather data on recipients during the transaction.

Onboarding of beneficiaries is done using an app. Beneficiaries receive a virtual bank account number ... (read more)