e-Money introduces fast, frictionless swapping of currency backed tokens into the Cosmos ecosystem
With the world’s largest funds pouring millions into Bitcoin, the eyes of the world are on cryptocurrencies once again. Although the global acceptance of Bitcoin seems more imminent than ever, cryptocurrencies are known for their volatility with aggressive price swings and market manipulation commonplace.
e-Money offers users a solution that enables the everyday user to exchange traditional money for cryptocurrencies without the palpitation-inducing volatility. With a fast and easy to use global payment system underpinned by distributed ledger technology, users can exchange currency-backed and interest bearing stablecoins.
Currency backed, interest-bearing stablecoins
e-Money’s stablecoins are currency-backed, collateralized with a dynamic peg that tracks the underlying interest rate of the same currency as which they are issued. e-Money users can currently choose from several currencies including EUR and CHF, with plans to implement USD, GBP and JPY in the near future.
A standout feature of e-Money’s currency backed