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EURe is the euro e-money token from Monerium EMI, a regulated organization licensed in the EEA and the UK. E-money serves as a digital substitute for cash, backed 1:1 by high-quality liquid assets, and can be redeemed unconditionally at any time on request. Monerium EMI enables you to send euros between bank accounts around the world and your blockchain wallet by generating a dedicated bank account number for the wallet under your name.
Monerium issues e-money on blockchains. It is the first firm permitted to create e-money tokens under the current European e-money rules, Directive 2009/110/EC.
E-money is over-collateralized using users’ funds, with the issuer’s reserve capital protected in segregated assets-either high quality and liquid securities, bank deposits, or a combination of both.
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