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A known firm of Blockchain- Monerium considers Europe as the country with already a digital Euro

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Crypto Business World

CBW -External Analyst

INDIA

Oct, 19 2020

Oct, 19 2020

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According to Monerium who is a e-money issuer company consider that the path for digital euro is a lot simpler than that of what the European Central Bank advisesFinTech focuses on creating a bridge between the blockchains to that of the fiat money for which they use the digital cash. This company recently came up with response to the public consultation associated with the digital euro which was recently made by ECB. 


 Monerium in the year 2019 turned out to be the first company across the globe that received a license from the Icelandic regulators. The company as a part of new European regulatory framework was given the opportunity to offer the e-money services in the whole of Europe. It also offers the fiat payment solution for which they used the Ethereum blockchain but later they got into partnership with the Algorand blockchain protocol 


On the ECB’s claim for the digital euro, the company responses stating the whole of Europe needs to recognize the digital euro value which it already has proved out to be. Even in the year 2000, the European Commission described the concept of e-money as an alternative to the cash.  It is a technically neutral solution for the banknotes and coins. 


Further in the Monerium's view it is depicted that existing e-money issuers needs to be embraced for which the EFB has been directly issuing the currency of digital euro to the non-financial corporations and households as well. The company further has also come up with a report from International Monetary Fund economists that advised about the non-bankers provider who can now issue the digital money along with the central bank backing so that they can roll out the synthetic central bank digital currency. 


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Crypto Business World

CBW - External Analyst

INDIA

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