Monerium, which has a European Economic Area e-money license, will bring fiat currency transactions onto Algorand's protocol.
A new IMF paper suggests that cash and bank deposits could be left behind as digital money and fiat-pegged cryptos see greater adoption.
Wirex, a bitcoin wallet and payment card provider, has become the third crypto company to receive an e-money license from U.K. financial regulators.
Friedman knew that bitcoin would someday arrive, to the animosity of incumbent institutions in the finance world.