ContextLogic Inc. (WISH) announced that its Dutch subsidiary ContextLogic B.V. (CLBV) has been granted a Payment Services License from the Dutch Central Bank.
ContextLogic is an E-commerce platform that facilitates transactions between buyers and sellers. The stock is gaining a lot of attention amid the meme stock frenzy, with WISH gaining 53% in the past month compared to a six-month decline of 43.2%. (See ContextLogic stock charts on TipRanks)
The new Payment Services License will allow the…
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