Over 200 firms in Simplex’s network can enable euro cashouts from Tether.
The euro is the official currency for the 19 European countries of the Eurozone, along with another nine countries. The euro is the main competitor of the dollar and it has a leading position of being the one of the major reserve currencies. European banks use euro to raise funds in order to secure their core business. This fact makes the euro a funding currency. In terms of cryptocurrency, the euro is used as frequently as the dollar for conversion into digital currency and vice versa, that can be seen for the most popular requests in the Internet such as Euro to Bitcoin, Satoshi in Euro and so on. Besides that, the euro and blockchain technologies are connected, as many investments into these technologies are made in euro by European investors.
Canada's central bank recognizes that CBDCs are a necessarily international issue.1262
Blockchain firm ConsenSys is becoming increasingly active in the central bank digital currency space.3454
Stablecoins are taking over the crypto space with increased utility and circulation. What is prompting this growth, and is it a threat to the market?9653
The ECB should grant e-money issuers access to central bank reserves, says Monerium.4697
A digital euro would not replace cash, but complement it, says the European Central Bank.2637
The digital yuan will not unseat the U.S. dollar — at least not right away.11760
Three key macro factors raise the probability of a prolonged Bitcoin bull market, but a short term correction is very likely.63799
The central bank of France is about to start several experimental trials centering the digital euro.9464
A crypto exchange has its sights set on making an impact in the U.K. and across Europe — offering GBP and EUR trading pairs, and low fees.5545
Although not designed as an investment vehicle, Bitcoin’s rise in value has made it the best currency investment you could have made in the last 1,200 years.7266
Swiss DeFi startup Eidoo partners with principal member of Visa Europe to issue a new Visa crypto debit card.16629
The French central bank has announced the first successful test of a digital euro.16093
Raiffeisen Bank International is extending collaboration with Polish-British fintech Billon for a new form of DLT-based national currency tokenization.5310
France is paving the way for a digital Euro, but how will its CBDC shape up, and what effect will it have on the cryptocurrency industry?4511