Safe Partners with Monerium for Euro Payments
Key Points:
– Safe and Monerium are collaborating to integrate $60 billion in digital assets with the European banking system.
– Monerium’s regulated stablecoin, EURe, can be used with Safe’s smart web3 accounts, allowing developers to connect web3 wallets to euro bank accounts.
– Safe’s co-founder Lukas Schor believes this partnership will make it easier to transfer DeFi yields and connect with IBAN bank accounts.
– Monerium’s Gísli Kristjánsson believes that decentralized financial services built with this collaboration will surpass the user experience of platforms like Revolut.
– EURe is a euro e-money token that is backed one-to-one and can be redeemed on demand. It is compatible with Ethereum, Polygon, and Gnosis networks.
Hot Take:
The partnership between Safe and Monerium has the potential to revolutionize the user experience of decentralized financial services by providing seamless integration with traditional banking systems. By combining Safe’s smart web3 accounts with Monerium’s regulated stablecoin, users can easily link their web3 wallets to euro bank accounts, enabling convenient on- and off-ramping of digital assets. This collaboration opens up new opportunities for small teams to build innovative financial services that rival traditional platforms like Revolut. With EURe’s compatibility with multiple blockchain networks, it offers flexibility and accessibility to a wide range of users.
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