We are pleased to announce e-Money is partnering up with Royal Finance
Royale’s network vision is to disrupt the iGaming sector by lowering entry barriers to entrepreneurs. Access to funds is a vital step in the process. iGaming companies will need to bankroll their platform to create innovative products and services. In that spirit, Royal Finance has joined forces with e-Money.
This partnership is a significant step in Royale’s growth. iGaming companies can apply to bankroll their platform, and e-Money can provide the infrastructure needed to fund them. Royale network is bankrolling i-Gaming companies with stablecoins. The partnership will enable Royal Finance to help more projects with a variety of stablecoins backed by an assortment of global currencies.
e-Money, the future of stablecoins
e-Money aims to create the next generation of stablecoins. We have already developed several European currency-backed stablecoins such as the eEUR, the eCHF, and tokens backed by Scandinavian currencies (eNOK, eDKK, and eSEK). e-Money aims to address the current challenges faced by stablecoins by offering non-USD backed assets, fully backing each stablecoin so that funds are always redeemable, providing a token-economic model in which the value of the stablecoins moves in line with the interest accrued on the underlying reserve assets, and offering full transparency through quarterly third-party reserve audits by Ernst and Young.
“e-Money is creating the tools that will bring more adoption to the crypto world. Converting one’s native currency into a stablecoin to access financial services is mandatory for people to embrace the DeFi services. As a global platform, we want to trigger innovation around the world, and being able to propose various stablecoins to iGaming companies to fit their needs is essential for us!”
Avron Goss — CSO Royale Finance
Royale.Network, an expansion of e-Money vision
As an iGDeFi pioneer, Royale will expand e-Money horizons. Royale is proposing uncorrelated value irrespective of market conditions. Royale provides liquidity to iGaming companies. e-Money acts as a facilitator between the network and the iGaming companies.
“Entering a partnership with Royale.Finance is a new step in e-Money vision. We are trying to create the tools needed for the future of financial services. Being able to integrate the Royale ecosystem is an opportunity since we are expanding from financial services to other industries.”
Martin Dyring-Andersen — Founder of e-Money
Stay tuned, the herald still has more news to deliver!
The e-Money protocol is built for the issuance of a range of interest-bearing currency-backed stablecoins reflecting various world currencies. Each token is backed by a reserve of assets denominated in its underlying currency. e-Money currently supports the Euro (EUR), Swiss Franc (CHF), Swedish Krona (SEK), Norwegian Krone (NOK) and the Danish Krone (DKK) with a host of additional currencies pegged for release in 2021. The project is dedicated to total transparency with quarterly reserve audits performed by Ernst & Young.
About Royale Finance 👑
Royale Finance is an industry-focused decentralised lending protocol. Its purpose is to create Web 3.0 smart-backed funding solutions using DeFi primitives in order to support the innovation of iGaming products and platforms. The combination of iGaming returns, uncorrelated to DeFi cryptoassets but powered by base layer DeFi protocols, we call iGDeFi.