The Expanding Ecosystem of e-Money
Ecosystems are vital for enterprises to bootstrap growth and create value for consumers and businesses across the world. We recognise the significance of creating an ever-growing ecosystem to help people around the world gain easy access to digital currencies, democratise payments and grow financial inclusion
e-Money’s expanding ecosystem includes multi-chain capabilities, which will enable users to move assets using cross-chain bridges and interact with DeFi platforms across all available networks. So far, bridges to Ethereum and Avalanche have been confirmed, with many more leading networks such as Binance Smart Chain, Cosmos Hub, Polygon and Elrond currently in the pipeline for integration. The diversity offered through multi-chain assets means that users can safely use e-Money tokens to swap, trade, borrow or lend on applicable platforms.
The assets themselves also contribute heavily to the growing ecosystem provided by e-Money. Multiple leading European currencies including EUR, CHF, SEK, NOK and DKK are already in circulation, with plans to add all major global fiat currencies eventually to its range of assets. The choice and options available to users through this range of e-Money assets will provide unparalleled market coverage and continued global adaptation, further expanding the already thriving ecosystem offered by e-Money
e-Money has forged partnerships with numerous leading platforms in the NFT and gaming space, such as Curate, Blind Boxes, Uniqly, Fuse Network, Royal Finance alongside coverage across other major industry spaces. The rapid growth and acceptance of e-Money assets across the industry will further fuel the growth of the e-Money ecosystem, as more platforms and users utilizing assets brings both network effects and global recognition in the Stablecoin markets.
The most important partnerships are those that bring value and exposure to the wider market through growth and adaptation. Our strategic partnership with MANTRA DAO, a leading platform that makes access to DeFi and staking more accessible. The partnership focuses on the integration of e-Money assets into the existing Stablecoin market in DeFi and improving asset accessibility for its users.
As development increases, e-Money continues to expand its influence, partner with more prominent firms and gather more users through the use and adoption of our stablecoins. Also, as our ecosystem continues to grow and expand its reach through the industry, our range of financial products have the potential to become the much-needed solution and go-to stablecoin provider for ever-emerging and digitally connected markets.
About e-Money
e-Money is a blockchain-based payment platform committed to bringing financial inclusion and help people around the world to have easy access to digital currencies. Built on Cosmos technology, 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 eEUR, the eCHF, and tokens backed by Scandinavian currencies (eNOK, eDKK, and eSEK) with a host of additional currencies pegged for release in 2021. The e-Money ecosystem has a second token class, the Next Generation Money (NGM) token is a staking and rewards token, users can stake NGM to secure the e-Money network.
The project is dedicated to total transparency with quarterly reserve audits performed by Ernst & Young. 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 Ethereum and expects to integrate with Binance Smart Chain, Cosmos Hub, Avalanche, Polygon and Elrond in 2021.
