Copenhagen, Denmark, 06 Jul. 2022 (GLOBE NEWSWIRE) — e-Money, a Danish blockchain-based payment platform, has integrated with the payment processor Simplex by Nuvei to create a fiat on-ramp for EEUR, a fully collateralized interest-bearing stablecoin issued by e-Money. E-money users and crypto enthusiasts can now buy EEUR stablecoin from e-Money with credit and debit cards.
Simplex by Nuvei is the largest provider of secure fiat-to-crypto infrastructure, allowing users to transfer funds from debit and credit cards to crypto almost instantly. Simplex is the provider behind more than 350 fiat gateways on major exchanges such as Binance, Huobi and BitPay.
e-Money is a blockchain-based payment platform committed to fostering financial inclusion and helping people around the world gain easy access to digital currencies. E-money stablecoins are fully collateralized, backed by bank deposits and government bonds held in commercial banks. Uniquely, e-Money’s currency-backed stablecoins each use an interest-bearing peg that tracks the underlying interest rate, meaning interest on fiat currency is passed on to stablecoin holders. even when they’re just sitting in a user’s wallet.
Additionally, the reliability and transparency of e-money stablecoins are ensured by quarterly audits by Ernst & Young to ensure proof of funds, providing complete peace of mind to all users using the coin ecosystem. electronic.
“Our Simplex by Nuvei solution integration provides an easy and streamlined way to use credit or debit cards to purchase our fully collateralized interest-bearing EEUR stablecoin and allows users to access all assets on Cosmos, Avalanche, Ethereum and other integrated blockchain networks,” said Martin Dyring-Andersen, Founder and CEO of e-Money. “At a time when markets are increasingly volatile and exploited, we believe users will benefit from our fully secure and audited stablecoins.”
“We are excited to support e-money with our seamless and secure access solution, helping millions of users easily access EEUR stablecoin with everyday payment methods,” – said Ari Last, VP business development at Simplex by Nuvei.
The e-money platform is built on the Cosmos network, which is ideal for the e-money payment system as it is scalable, allows immediate settlement and can be configured for immediate block creation. The e-Money Sovereign Zone on Cosmos is designed to be easy to use, fast and with incredibly low and negligible fees.
Simplex by Nuvei is an EU-licensed financial institution that allows users to purchase a huge selection of cryptocurrencies with a growing range of payment methods, including credit/debit cards, Apple Pay, bank transfers , etc. Simplex by Nuvei provides industry-leading fraud prevention and guarantees zero risk on every transaction, making shopping both seamless and secure. Keep up to date with the latest news from Simplex on Twitter or visit simplex.com.
e-Money is a blockchain-based payment platform built by Danish fintech e-Money A/S, committed to bringing financial inclusion and helping people around the world gain easy access to digital currencies. Based on Cosmos technology, e-Money supports a range of fiat-stablecoins that are fully backed by bank deposits and government bonds that also bear interest. The fidelity and transparency of e-money stablecoins will be ensured by Ernst & Young providing quarterly proof of funds.
E-money currently supports several stablecoins backed by European currencies such as EEUR, ECHF and tokens backed by Scandinavian currencies (ENOK, EDKK and ESEK). The e-Money ecosystem has a second token, the NGM “Next Generation money” which is a staking token and a rewards token. Users can stake NGM to secure the e-money network.
Unlike most existing stablecoins which aim to maintain a static 1:1 parity with their underlying assets, the value of e-money backed tokens continually changes based on accrued interest on the reserve assets. This means holders benefit from the interest accrued on their assets while they sit safely in your wallet. The e-Money blockchain supports large-scale instant payments and includes a DEX for easy conversion between currencies. e-Money has already integrated with Cosmos Hub, Osmosis, and Ethereum and plans to integrate with all major networks in the future.
Press contact: Shalini Wood, [email protected]