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Lithuania's national bank said Friday it has conceded Google a skillet European e-cash permit as the Baltic eurozone state looks to draw in firms worried that Brexit may ban them from the EU advertise. 

Google Payment Lithuania "will have the capacity to issue electronic cash and give installment administrations to guarantee smooth task of its commercial centers crosswise over Europe", it said in an announcement.

 Google: representatives dissent China blue pencil cordial web crawler codenamed Dragonfly Lithuania, a country of 2.8 million individuals, says Brexit has given a lift to its endeavors to end up a northern European center for fintech firms. 

England based organizations fear they may lose "passporting" rights to give installment or e-cash administrations to clients in the EU after Brexit in March 2019. 

"In the light of the up and coming UK-EU split, we are getting more request than any other time in recent memory from new companies and worldwide endeavors all looking for a certain something – - the following major fintech center," Mantas Katinas, who heads Invest Lithuania organization, told AFP. 

Google has e-cash permit in Britain, however its representative declined to expand if Brexit was a factor to set up a different backup. 

"We are always attempting to create installments items and bolster our clients," Google representative Adam Malczak told AFP. "We have connected for a Payment License in Lithuania as a major aspect of these endeavors, notwithstanding continuous exchanges as to ventures all around Europe," he included. 

Lithuania's fintech bunch presently incorporates in excess of 100 authorized organizations, as indicated by the national bank. Among them is British fintech Revolut which anchored an European saving money permit from experts in Lithuania prior this month.

 The Google permit "does not have any confinements as far as money issuance", national bank representative Rimantas Pilibaitis told AFP. 

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