E Money Network Partners X WeFi: Decentralised Money Market Protocol to Integrate E Money Wallet
We are excited to announce that E Money Network is partnering with WeFi, a decentralised money market protocol. With this partnership, WeFi will integrate E Money Network’s Web3 wallet within its ecosystem to enable users to manage their assets and conduct transactions in a secure and compliant manner.
E Money Network — A Secure, Feature-Rich Web Wallet
The E Money Wallet is a Web3 wallet with robust security features and multi-chain support, which translates into safe crypto-asset storage and transactions across multiple blockchain networks. E Money Wallet is also equipped with native support for e-money tokens. This feature will enable users to mint e-money tokens in their wallet and use them within and beyond the crypto world after the implementation of Markets in Crypto Assets (MiCA) regulations in the EU.
Furthermore, the E Money Wallet is working on integrating International Bank Account Number (IBAN) within itself to empower users to have a true Web3 experience in which they can conduct fiat, e-money and crypto transactions using one wallet.
Compliance at the Core of All Transactions
The E Money Wallet has an integrated KYC check, which aligns it with the upcoming MiCA regulations. Every entity or user signing up for the wallet must undergo a mandatory KYC check, and this ensures that only verified entities conduct transactions using the wallet, thus mitigating the risk of fraud and maintaining the integrity of the crypto ecosystem.
Presently, the WeFi app is live on Linea, XinFin and Boba Network. Users accessing WeFi using E Money Wallet on any chain will also be in line with MiCA regulations automatically, contributing to the creation of a more robust, compliant and dynamic crypto community.
High-Powered Leverage Trading with WeFi’s Decentralised Platform
This partnership enables E Money Wallet users to access WeFi’s flagship product, AweFi, a platform for enabling seasoned traders and newcomers to maximise their profits by redefining the management of ETH/USDT positions on Base Testnet. Awefi’s introduction on the Base Testnet marks a significant leap towards the future of decentralised finance as it provides traders with a powerful new trading tool. E Money Wallet users will be able to access and utilise this WeFi’s suite of products in a secure, transparent and MiCA-compliant manner when the Wefi app will be live on Base mainnet in the future.
A Significant Milestone for DeFi Ecosystem
The partnership between Wefi and E Money Network represents a significant milestone in the DeFi space, as it brings together two industry leaders to power an ecosystem that enables users to access high-reward investment opportunities in a secure and compliant manner. The integration of E Money Wallet in WeFi’s ecosystem will enhance overall user experience and set new standards for DeFi platforms in terms of security, transparency, and regulatory compliance. These security, compliance and efficiency gains will also extend to the Base Chain ecosystem with WeFi integration in the near future.
About E Money Network
E Money Network is the regulated Modular RWA blockchain. It serves as an L1 blockchain designed for seamless interoperability between DeFi 2.0 and RWA tokenization, effectively establishing a network that aims to bridge the liquidity divide between Web 2.0 and Web 3.0.
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About WeFi
WeFi is a decentralised money market protocol that opens up investment loan options in DeFi for global users to invest in digital assets via multi-pool borrowing. WeFi allows cryptocurrency lenders to enjoy attractive, sustainable yields and borrowers to access predictable investment loans.
