We are very happy to announce that e-Money has partnered with digital identity platform Starname!
Starname — formerly IOV — is a thesis-driven project that aims to bring about mass-adoption through the implementation of innovative solutions. Starname’s current focus is on streamlining the process of sending and receiving crypto-payments, particularly with stable coins and with long distance payment.
Starname’s central innovation — the eponymous “starname” — removes the complexities of using long, user-unfriendly crypto-addresses by providing users with short and human-readable addresses like: *alice and *bob which can be used to send and receive crypto-payments. With easy address verification, an in-wallet address book and one-click payments, Starname makes sending crypto as easy as sending an email. Users can buy starnames, edit them, set up Starname profiles, buy $IOV and make transactions all from the Starname Manager app (a mobile version of the app is currently in development).
Maximum Benefits, Minimum Complexities
This integration with Starname will bring greater accessibility for e-Money users. Firstly, Starname will make it easy for anyone around the world to transact e-Money’s currency backed tokens by removing one of the key pain points that bars entry for some, namely the complexity of managing blockchain addresses, thereby removing the requirement of extensive pre-existing blockchain knowledge.
“By integrating with Starname, we’ll be providing a first class experience for e-Money users. The Starname team has been a long time and well respected part of the Cosmos community and we are excited to continue our journey to make crypto mainstream by working together with them.”
- Martin Dyring-Andersen, CEO and co-founder of e-Money
“We are super excited to work with e-Money to make it accessible for everyone to use the first european stable coins. We look forward to working on UX interfaces together to simplify registration of new users in order for them to use e-money seamlessly.”
- Antoine Herzog, CEO and co-founder of Starname
The e-Money protocol is built for the issuance of a range of interest-bearing currency-backed stablecoins reflecting various world currencies. Each token is backed by a reserve of assets denominated in its underlying currency. e-Money currently supports the Euro (EUR), Swiss Franc (CHF), Swedish Krona (SEK), Norwegian Krone (NOK) and the Danish Krone (DKK) with a host of additional currencies pegged for release in 2021. The project is dedicated to total transparency with quarterly reserve audits performed by Ernst & Young.
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 expects to integrate with Cosmos Hub, Ethereum and Avalanche in the first half of 2021.
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To create your own Starname, go to: https://app.starname.me