e-Money Monthly Newsletter — March 2022
Interoperability & a Multichain e-Money Ecosystem!
March was a great month filled with tons of incredible news for e-Money and tremendous growth. Driving this flurry of activity were our strategic partnerships and integrating with the Avalanche ecosystem.
Behind-the-scenes, everyone from marketing, dev to the UI/UX teams are putting an incredible amount of work into building an ecosystem for global payments. March helped us gain some additional media coverage and traction. We’ve achieved quite a bit in terms of getting visibility, but rest assured there is more to come in the coming months.
Let’s take a look at the highlights.
1/ We are proud to announce that our website won the #SOTD & DEV Award.
Awwwards is a prestigious professional web design and development competition body. It aims to recognize and promote the best of innovative web design. http://awwwards.com
👩🏻🏫 Check out the transformation — Link
2/ e-Money is proud to sponsor this year’s AVAX Summit by the Avalanche team, held in Barcelona, Spain!
e-Money team was honoured to have been invited to sponsor and take part in one of Avalanche Network’s biggest events for developers and researchers and building on Avalanche. Our team was seen rubbing shoulders with some of the best and biggest projects in the Avalanche ecosystem.
3/ e-Money is successfully integrated into http://app.citadel.one !
Now you can send, hold and stake $NGM via Citadel.one platform
- Functionality available: Wallet functionality (send/hold) & Staking
- Functionality Soon available: Ledger support, Keplr Integration support & Extra $XCT rewards
e-Money in the News
1/ Blockchain publication Bitcoinist’s latest article “e-Money Set to Bring European Stablecoins to Avalanche Ecosystem”
Blockchain payment platform e-Money is bringing its fiat-pegged European stablecoins to the Ethereum-rivalling Avalanche network. At the annual Avalanche Summit in Barcelona, the Danish fintech firm introduced its suite of fully collateralized interest-bearing stablecoins to the blockchain, giving Avalanche users the opportunity to trade e-Money’s stablecoins, Euros (EEUR), Swiss francs (ECHF), Norwegian krone (ENOK), Swedish krona (ESEK), and Danish krone (EDKK).
Read more 👇🏻
2/ e-Money in the spotlight again as leading YouTube channel Crypto Rich interviewed our Founder and CTO Henrik Aasted and discussed our European Stablecoins, $NGM and the Multichain e-Money Ecosystem.
🎥 Watch the video here
Partnerships
1. e-Money & DotOracle Partnership: Enabling New Payment Options and More on DotOracle Bridge
The goal of with partnership is to enable more options for users of the DotOracle bridge leveraging the expertise of the e-Money payment platform. Firstly, to explore the possibility of letting users use e-Money’s EEUR stablecoin to pay for gas fees on DotOracle, as well as collaborating on community building through marketing initiatives and community programs. DotOracle team is also exploring potential technical synergies between DotOracle’s cross-chain liquidity network and E-Money payment services to integrate even more useful features for users. Read more
2. Pendulum partners with e-Money to connect European stablecoins to DeFi
Acceptance of cryptocurrency payments and blockchain technology has exploded in popularity across online platforms and physical assets in recent months, highlighting the need for a broader range of currencies represented as stablecoins. e-Money has successfully filled that gap with their European stablecoins.
e-Money is a perfect match to support Pendulum’s vision of connecting DeFi and fiat ecosystems. The European stablecoins eEUR, eCHF, eSEK, eNOK & eDKK issued by e-Money will be available on Pendulum, encouraging more users within the region to join the network and build existing DeFi services using their native currencies. Read more
3. Nord Finance explores e-Money’s suite of stablecoins
The partnership will introduce e-Money’s suite of European stablecoins such as EEUR, ECHF, ESEK, ENOK, and EDKK to Nord Finance’s ecosystem, whilst bringing awareness to one another’s communities about our respective projects. Read more
4. GamiFi platform Babylons explores e-Money’s Suite of European Stablecoins
Babylons will explore integrating e-Money’s suite of fully collateralized stablecoins such as EEUR, ECHF, ESEK, ENOK, and EDKK into their ecosystem, thus enabling the platform to tap into the European market and facilitate access to gamers, including those relatively new to the crypto sphere to invest with payment solutions that are backed by their own native currencies.
This also enables Babylon to increase brand awareness and accelerate its popularity in a region that’s vital to the growth of the crypto economy, while offering e-Money exposure and access to early adopters of new technology and a vibrant community of gamers. Read more
5. Panther Protocol and e-Money Partner to Bridge Legacy Banking System with Privacy DeFi Solution
Panther and e-Money have announced their intent to explore a strategic partnership to help safeguard privacy in a compliant way. This strategic collaboration aims to bridge the gap between legacy banking systems and DeFi, bringing financial inclusion and easy access to digital currencies for Web3 users while maintaining their privacy. This is a long-term collaboration that aligns with both values to empower privacy and compliance for institutions. Read more
Community Highlights
1. Citadel.one Weekly Infographic features e-Money
Read more — http://link.medium.com/QxYfA1XOQob
2. Over 800k $NGM have been delegated to Mantra DAO validator node.
3. The Sifchain team invited our Founder and CTO Henrik Aasted on their Twitter Spaces to discuss how stablecoins are unlocking the potential of DeFi.
About e-Money
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 to have easy access to digital currencies. Built on Cosmos technology, e-Money supports a range of fiat-stablecoins which are fully backed by bank deposits and government bonds that are also interest bearing. The fidelity and transparency of e-Money stablecoins will be ensured by Ernst & Young providing quarterly Proof of Funds.
e-Money currently supports several European currency-backed stablecoins such as the EEUR, the 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 rewards token. Users can stake NGM to secure the e-Money network.
Unlike most existing stablecoins which aim to maintain a static 1:1 peg with their underlying assets, the value of e-Money’s currency-backed tokens continually shifts in line with the interest accrued on the reserve assets. This means that holders benefit from the interest accrued on their assets while they sit securely in your wallet. The e-Money blockchain supports instant payments at scale and includes a DEX for easy conversion between currencies. e-Money has already integrated with Cosmos Hub, Osmosis, and Ethereum and expects to integrate with all major networks moving forward.
