Hong Kong-based OSL Group has announced the launch of OSL Pay in Italy through its subsidiary OSL Midas Pay Limited, marking an important step in its expansion of services in Europe.
OSL Group's European Expansion
OSL Group, a prominent digital asset company, has introduced OSL Pay in Italy. This move is part of the company's strategic plan to solidify its presence in Europe. Chief Commercial Officer Eugene Cheung emphasized the synergy with traditional finance, which will bridge expertise with cryptocurrency capabilities.
OSL Pay Supports $30 Million Investment
The launch of OSL Pay enables regulated transactions involving major cryptocurrencies such as BTC and ETH. The focus on institutional-grade services reinforces OSL's market position. A $30 million investment supports the PayFi ecosystem, aimed at infrastructure growth and Web3 service integration.
OSL's Regulatory Strategy Fuels European Growth
OSL's regulatory-first approach, previously successful in Hong Kong and Japan, sets a precedent for further European ventures. Such operations increase the legitimacy of crypto assets, which market experts believe could encourage higher institutional inflows. Historically, regions with compliance-focused platforms show increased cryptocurrency adoption.
The launch of OSL Pay in Italy underscores OSL Group's commitment to active growth in the European region, combining cryptocurrency and traditional financial services, as well as the potential for attracting new institutional investments.
