I would agree that the Money Transmitter Licenses are required for those money transfer apps.
So, in the foreseeable future, people should forget about GreenPay or any other MYEC apps. since they won't have the required surety bonds for the application of these licenses.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.