e-Money partnered with Polygon Network to deliver dynamic scalability

By Joy Dumasia

e-Money has announced that they are integrating with the Polygon Network in Q3, 2021. Recently, the acceptance of cryptocurrency payments and blockchain technology has been exponentially increasing throughout online platforms and physical assets, solidifying the need for more stablecoins in other currencies. e-Money has successfully filled that gap with their European stablecoins.

The European stablecoins eEUR, eCHF, eSEK, eNOK & eDKK issued by e-Money will be available on the Polygon Network, encouraging more users within the region to join the network use their native currency to facilitate transactions.

These stablecoins are also interest-bearing, indicating that the interest earned on the underlying assets is reflected in the token’s value, allowing token holders to make financial gains. Furthermore, quarterly audits by Ernst & Young will guarantee the integrity and transparency of e-Money stablecoins, ensuring Proof of Funds.

Martin Dyring-Anderson, e-Money CEO and Founder, said: “We are very excited to integrate with the Polygon Network to bring e-Money’s compliant European digital currencies to a broader audience. We believe Polygon users will benefit from having European stablecoins rather than just USD-denominated stablecoin options. This integration will enable e-Money to interact with real-world economies and DeFi applications, thereby expanding our user base and strengthening our position as a leading issuer of trustworthy stablecoins.”

The integration of e-Money’s European stablecoins will provide a significant addition to Polygon’s array of stablecoins. It will also facilitate faster integrations with European partners looking for native currency options for the markets they operate in.

The integration of e-Money’s European stablecoins will provide a significant addition to Polygon’s array of stablecoins. It will also facilitate faster integrations with European partners looking for native currency options for the markets they operate in.