Rario, World’s First Officially Licensed Cricket NFT platform to explore e-Money’s Suite of European Stablecoins
We are pleased to inform you that Rario, the world’s first officially licensed Cricket digital collectibles platform collaborates with e-Money to explore its compliant interest-bearing European stablecoins. With the soaring popularity of the T-20 format, cricket has attracted millions of new die-hard fans, on par with the euphoria witnessed with other sports such as basketball and football.
This collaboration enables e-Money to forge ahead with strong collaborations in the NFT Metaverse and offers e-Money users access to an exciting sports-themed asset class.
What does the partnership entail?
This strategic collaboration between e-Money and Rario will allow the exploration of e-Money’s suite of European stablecoins such as EEUR, ECHF, ENOK, ESEK, and EDKK as an payment alternative for Rario users within the European region. Access to these stablecoins will accelerate adoption of Rario NFTs amongst their European user base. Additionally, the Rario and e-Money partnership will bring the two communities together.
Rario offers a robust platform where avid cricket fans can collect, trade, and play with officially licensed digital collectibles ranging from player cards to video moments to cricket artifacts.
Currently in beta, the Rario platform is all set to launch this month.
World’s first Officially Licensed Cricket NFT Platform
Rario is a digital collectible platform for cricket fans to collect and trade officially licensed cricket moments on the blockchain, represented as a non-fungible token (NFT). Having Polygon Studios and Animoca as partners, Rario is being built by a top-notch team of Indian founders. Rario enables fans to engage as a community and invest in tangible sporting moments. It gives the fan the opportunity to ‘own’ a piece of sport history.
Rario already officially partnered with several international cricket leagues and renowned internationally acclaimed cricket talent that will facilitate in creating a cricketing eco-system for engaging cricket fans around the world.
e-Money is a blockchain-based payment platform built by Danish fintech e-Money A/S, committed to bringing financial inclusion and to help 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” that 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.