Advcash update

[wellington]

Advcash (not Advcash 2) is now using Payean Finance INC payment rails Payean Finance Inc. · 1771 Robson Street, 1373, Vancouver, BC V6G 1C9

Bit weird they use a Canadian registered financial transmitter for EURO/SEPA -> but there we go, funds flowing around the world to go from Europe to Europe lol (all Euro's pass through the European Central Bank)

Now 'a robustly regulated' 1st world financial institution - i'd imagine.

For those of you worried about CRS etc = I'd imagine (but wait for them to confirm) that this now may be reported somewhere

 

[Simon4466]

Isn't that just the same entity as the one that is behind Adv2? It seems that the regular Advcash is still regulated in Belize.

 

[wellington]

Isn't that just the same entity as the one that is behind Adv2? It seems that the regular Advcash is still regulated in Belize.

Yep... Advcash was meant (based on their statements) to continue as is... now Advcash is being routed through Advcash2 payment rails...