Sling Money receives approval to offer crypto services in UK as stablecoin payments gain popularity

The crypto payments app joins a growing group of regulated firms as stablecoin transfers gain traction as a cross-border alternative. What to know : Avian Labs, the developer of Sling Money, received approval from the U.K.'s Financial Conduct Authority to operate as a crypto services provider. The app allows users to transfer funds over the Solana blockchain and offers instant local currency withdrawals in 80 countries. It is already regulated in the Netherlands and the U.S., and is available in the U.K. as a closed beta.