Bitlicense process started few weeks ago for the launching of HelbizPay. Helbiz’s US based company has, together with its US lawfirm, started the process of obtaining both the Money Transmitter License for all the states of America as well as the US BitLicense, allowing Helbiz and HelbizPay to:

• Receive virtual currency

• Transmit virtual currency between locations and individuals

• Store, hold, or maintain custody or control of virtual currency on behalf of other.

• Buy and sell virtual currency

• Control and administer a virtual currency

• Accept and receive electronic and wire transfers

By obtaining both licenses it will enable Helbiz to freely operate in the US allowing all US residents to acquire, send and pay with cryptocurrency directly from within the Helbiz & HelbizPay app, enabling our users to pay for both rentals and other services with Helbiz Coin. The licenses are an essential part of creating a seamless all-in-one platform with the ability to operate within, and integrate with, the current payment ecosystem in the US.

The process includes full governmental background checks of the entire leader- and ownership of Helbiz as well as audited financial statements of Helbiz and its subsidiaries in addition to various fees and money transmitter bonds.