E-money’s currency-backed tokens to be supported on Open Market

Open Market, a decentralized marketplace for non-fungible tokens (NFT) trading over inter-blockchain communication protocol (IBC) in Cosmos ecosystem and e-money, the leading issuer of interest-bearing, currency-backed tokens in the Cosmos ecosystem, announce collaboration to count e-Money’s tokens among supported payment methods on Open Market.

E-money’s tokens are backed by collateral in the form of deposits and government bonds held at commercial banks. Initially issued are EUR and CHF tokens, and the long-term vision is to support all global currencies, starting with the top ten by trading volume. Similar to savings in a bank account, e-Money tokens are interest bearing. All that makes them a pretty compelling medium of exchange, which are useful to have as one of the default options on a digital assets marketplace like Open Market.

Follow Open Market via twitter and e-money via telegram for updates.