Safe and Monerium agree to implement on-chain and off-chain payments in euros
The parties will integrate the EURe stablecoin with Web 3.0 accounts on the Safe platform
18.07.2023 - 16:00
853
1 min
0
Smart wallet provider Safe partnering with stablecoin issuer Monerium for euro on- and off-chain payments.
The collaboration between Monerium and Safe promises to integrate $60 billion in digital assets with the European banking system. Monerium's regulated stablecoin, EURe, will be usable with Safe's smart web3 accounts, enabling developers to link web3 wallets to euro bank accounts via Safe{Core}'s toolkit.
Safe co-founder Lukas Schor said it will facilitate the off-ramping of DeFi yields and on/off-ramping with IBAN bank accounts.
"Small teams will be able to build decentralized financial services that surpass the user experience of the likes of Revolut," Monerium's Gísli Kristjánsson added.
What is Monerium's EURe?
EURe is a euro e-money token that is recognized as a digital alternative to cash. It is backed one-to-one and redeemable on demand. EURe is an ERC20 token compatible with the Ethereum, Polygon, and Gnosis networks.
This material is taken from the website https://www.theblock.co.
Useful material?
Telegram 
Twitter Technologies
Network fees will be integrated into the cost of swaps
Nov 22, 2024
Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Cryptocurrency rates
-
Bitcoin
$99 138
BTC
+1.63%
-
Ethereum
$3 310.37
ETH
-0.91%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.47
XRP
+30.81%
-
Dogecoin
$0.408917
DOGE
+6.04%
-
Cardano
$0.971926
ADA
+22.34%
-
Bitcoin Cash
$487.93
BCH
+1.28%
-
Stellar XLM
$0.306787
XLM
+28.79%
-
Polkadot
$6.33
DOT
+8.7%
-
Litecoin
$90.5
LTC
+1.54%