e-Money integrates with Simplex by Nuvei to enable EEUR purchases

By Joy Dumasia

e-Money, a Danish blockchain-based payment platform, has integrated with payment processor Simplex by Nuvei to create a fiat on-ramp for EEUR, a fully collateralised interest-bearing stablecoin issued by e-Money. Users of e-Money and crypto enthusiasts can now purchase e-Money’s EEUR stablecoin with credit and debit cards.

Simplex by Nuvei is the largest provider of secure fiat-to-crypto infrastructure, enabling users to instantly transfer their funds from debit and credit cards into crypto. Simplex is the provider underpinning 350+ fiat onramps on leading exchanges such as Binance, Huobi and BitPay.

e-Money stablecoins are fully collateralised, backed with bank deposits and government bonds held at commercial banks. Uniquely, e-Money’s currency-backed stablecoins each utilise an interest-bearing peg that tracks the underlying interest rate, meaning that interest on the fiat currency is transmitted to stablecoin holders even when just sitting in a user’s wallet.

“Our integration of Simplex by Nuvei solution provides for a simple and streamlined way to use credit or debit cards to buy our fully collateralised interest-bearing EEUR stablecoin and allows for users to gain access to all the assets on Cosmos, Avalanche, Ethereum and other integrated blockchain networks,” said Martin Dyring-Andersen, Founder & CEO of e-Money. “In times where markets are increasingly volatile and leveraged, we believe users will benefit from our fully fiat-backed and audited stablecoins.” 

The e-Money platform is built on the Cosmos Network, which is ideal for the e-Money payment system as it is scalable, provides immediate settlement, and can be configured for immediate block creation. The e-Money sovereign zone on Cosmos is designed to be easy to use, fast, and with incredibly low, negligible fees.

“We are excited to support e-Money with our seamless and secure onramp solution, helping millions of users gain easy access to EEUR stablecoin with everyday payment methods”, – said Ari Last, VP Business Development at Simplex by Nuvei.