bRing Token

Payments for Everyone: e-Money Partnership

Published on 06/30 2022 11:43

It used to be like this: if we wanted to transfer funds, convert to another currency, or do any other financial transaction, we used to go to the bank. It seems that this will always be the case, but everything has changed with the advent of blockchain technology and its active use in everyday life. You no longer need to go to the bank (and generally go anywhere) to carry out your financial transaction, it is enough to choose the appropriate payment system. bRing always cares about the comfort of its users, which is why we are ready to announce our new partnership with e-Money

e-Money is a blockchain-based payment platform founded in 2016 by a Danish fintech company. The founders set a noble goal: to provide financial accessibility for people all over the world to digital currencies by combining the banking system with the latest blockchain technologies. e-Money is built on Cosmos and enables a suite of fully asset-backed, interest-bearing European stablecoins. At the moment, the that include EEUR, ECHF, ENOK, EDKK, and ESEK. In addition, e-Money also issues its native token, NGM (Next Generation Money), which users can stake to secure the network and receive rewards for using the platform’s ecosystem.

Another advantage of e-Money is that the exchange rate of the stablecoins of the platform is constantly changing in accordance with the interest accrued on reserve assets. In other words, users receive certain dividends for staking, as well as for various market transactions.

e-Money also has its own DEX, which allows you to make transactions, payments and convert between currencies much faster than other platforms.

Furthermore, the partnership between e-Money and bRing involves multidisciplinary interaction. A strong advantage will be the integration of stablecoins EEUR, ECHF, ESEK, ENOK, and EDKK into the ecosystem of bRing.Finance, which offers a viable alternative to dollar-denominated stablecoins. As a result, it will provide a significant impetus to reduce the risk of monopolization of one currency and will undoubtedly help strengthen the platform’s pools. The partnership with e-Money will facilitate the flow of users from European countries and expand the customer base through advantageous offers and a variety of stablecoins.

The bRing team is so glad to cooperate with such an ambitious and promising platform as e-Money, and in the future, our users will have even more new activities and events.

About e-Money

e-Money is a blockchain-based payment platform built by Danish fintech e-Money A/S, committed to bringing financial inclusion and helping 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” which 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.

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