Blog

The latest smart contract upgrades

At Monerium, security is not just a buzzword—it’s a way of life. Our relentless pursuit of security is rooted in a continuous and risk-based approach. We have been tirelessly working with the DeFi community to fortify our smart contract security from day one. Those actions include:

Sep 15, 2023 | 3 min read

Monerium

Towards the first trillion in fiat stablecoins

Just like the Monerium EURe powers the Gnosis Pay VISA card, Paxos is now powering PayPal payments in the US with the PYUSD.

Aug 08, 2023 | 2 min read

Monerium

How to pay your taxes with the EURe

You heard it here first. One of our users just paid their taxes with Monerium.

Jun 29, 2023 | 2 min read

Monerium

How the Monerium EURe is decentralized

The Monerium EURe is the most decentralized form of fiat currency that exists.

Mar 27, 2023 | 1 min read

Monerium

Why the EURe is better protected than USDC and USDP

Monerium EURe euro token holders have stronger legal protections than holders of the USD “stablecoins” USDC and USDP. Here’s why.

Mar 20, 2023 | 2 min read

Monerium

E-money is the ultimate stablecoin

Monerium pioneers electronic money (e-money) on blockchains. Before “stablecoins” became popular, we identified e-money as the simplest and safest way to issue fiat currency on-chain, euros, dollars, yen, or pounds. In 2019, we became the first company authorized to issue e- money on blockchains.

Feb 06, 2023 | 3 min read

Monerium

EURe asset risk assessment

Evmknows and the cryptoriskteam have published an asset risk assessment of our EURe e-money token.

Jan 03, 2023 | 4 min read

Monerium

Scam alert: Fake Monerium account on Facebook

The following Facebook account is not operated by Monerium

Dec 30, 2022 | 1 min read

DeFi

The failure of FTX shows we need more DeFi, not less

The failure of FTX shows that the world needs more decentralized finance, not less. Sam Bankman-Fried and the small group of people who controlled FTX ran the company like a bank from 2008 - contrary to the original ethos of crypto.

Nov 15, 2022 | 2 min read

Partnership

The world’s first carbon credit trading on-chain settled ...

Agreena, the world’s leading soil carbon platform, has announced the world’s first product to enable instant and seamless real-currency payments for carbon credits on-blockchain.

Nov 07, 2022 | 2 min read

Demo

The world’s most traded assets are now available for DeFi

The most traded assets in the world’s largest market are now available for trading in decentralized finance.

Jul 15, 2022 | 2 min read

Demo

The incredible streaming euro

The Superfluid streaming payments application is one of the most innovative and novel use cases in #DeFi.

Jul 05, 2022 | 2 min read

E-money

The United States needs a digital dollar

Last month, President Biden issued an executive order for “ensuring responsible development of digital assets”. The order places ”the highest urgency” on the research and development of a United States “digital dollar”.

Apr 26, 2022 | 6 min read

Monerium

Welcoming new team members

Following our fundraise last summer, we’ve been busy hiring new team members. We are proud to announce that six experienced professionals have joined Monerium expanding the team from seven full-time people to thirteen people in six countries.

Apr 20, 2022 | 1 min read

Monerium

Statement concerning the issue of EURe to LCX AG

Based on undertakings received from the registered exchange service provider LCX AG in Lichtenstein, including copies of correspondence between LCX and the Lichtenstein authorities, Monerium EMI ehf has frozen EURe 611,000.- transferred from LCX’s wallet on January 9, 2022

Feb 17, 2022 | 1 min read

Partnership

Tokeny Solutions brings the digital Euro to its Billboard...

Tokeny Solutions and Monerium have teamed up to improve the accessibility of security tokens by bringing the digital euro to secondary transfers. Tokeny’s Billboard solution provides a white-label secondary market platform for security tokens, whilst Monerium is a regulated e-money issuer on blockchains. The partnership aims to allow traditional investors to benefit from the investment opportunities brought by blockchain at ease.

May 26, 2021 | 4 min read

Partnership

Monerium and LCX partner to introduce tokenized EUR to cr...

Monerium is excited to introduce a partnership with LCX, a leading blockchain innovator based in Liechtenstein. Together, Monerium and LCX will leverage each other’s legal and technology infrastructure to expand their respective businesses and provide new and enhanced services.

Mar 22, 2021 | 3 min read

Partnership

Money meets borrowing and lending on blockchains

Monerium is pleased to announce we have partnered with Alkemi Network, they enable CeFi institutions to use DeFi with KYC / AML verified access to deep liquidity and reporting via their borrowing and lending protocol, Earn.

Feb 10, 2021 | 2 min read

E-money

Monerium submits feedback to the proposed MiCA regulation

Monerium has just submitted a response to the European Commission’s proposed MiCA regulation. We welcome the EC’s effort to create legal certainty around crypto assets but make the following suggestions and observations.

Jan 14, 2021 | 3 min read

Partnership

Money meets micro-economies on blockchain

Monerium will be placing regulated fiat money on Fuse’s low fee, high throughput blockchain in order to offer micro-economies a payment solution that is scalable, frictionless and cost-effective.

Dec 01, 2020 | 4 min read

Partnership

Money meets securities on blockchain

Cashlink and Monerium have partnered to jointly offer players in the financial industry to utilize Euro-on-Chain and tokenized securities for on-chain securities settlement enabling real-time delivery-vs-payment transactions and automated actions. Financial institutions thus benefit from competitive advantages through early positioning on DLT-powered Capital Markets 2.0.

Nov 27, 2020 | 5 min read

Partnership

The future of financial crime fighting with Human AI on b...

We are pleased to announce a partnership with Lucinity, a pioneer in combining human experience and judgement with advanced machine learning algorithms to mitigate the risk of money laundering. At Monerium we are committed to fostering a more transparent and efficient financial system by helping our customers conduct their business ethically and in compliance with the law, without implications from bad money.

Nov 20, 2020 | 4 min read

Demo

The euro on Algorand

Our mission at Monerium is to make money smarter, so that it can be exchanged fast, with minimal friction, and without intermediaries. We also think it’s important that our e-money is accessible on all major blockchain platforms. That is why we are excited to announce that we will be offering the euro on the Algorand blockchain in Q1 2021.

Nov 05, 2020 | 4 min read

E-money

The digital euro already exists and the ECB should back it

Earlier this month, the European Central Bank (ECB) issued a report to examine the “possible issuance of a digital euro”. There is no need to. The European Union, along with Iceland, Lichtenstein, Norway, and the UK, already has a framework for digital currency: e-money.

Oct 13, 2020 | 5 min read

Demo

Monerium Demo Series: Episode 1 - Monerium and Uniswap

We've created a short demo video to showcase how we can use a decentralised exchange platform like Uniswap to exchange EUR for GBP without any intermediaries only using smart contracts to execute this exchange.

Oct 07, 2020 | 1 min read

Monerium

An accessible expert summary of the Ethereum protocol

In his recent blog “Understanding Ethereum by studying the source code”, Monerium CTO Gísli Kristjánsson describes the Ethereum protocol as expressed in the golang geth client.

Sep 08, 2020 | 2 min read

Monerium

The unbanked banking on blockchains

About 1.7 billion adults are unbanked , i.e. without an account at a financial institution or through a mobile money provider. The World Bank has made it a priority to promote financial inclusion. Access to and use of formal financial services is considered a key to drive development, and key in helping people escape poverty.

Aug 27, 2020 | 2 min read

Monerium

The ECB validates Monerium e-money

On May 5, the ECB published a report which concludes that “promoters of stablecoins should design their arrangement in such a way that they comply with existing regulations … such as the Electronic Money Directive (EMD).”

Jun 19, 2020 | 2 min read

Events

Monerium & Tradeshift at Consensus 2020

Monerium was invited to co-present at Consensus 2020 with supply chain payments and marketplaces leader Tradeshift. Together, we discussed use cases and pilots for supply-chains using Monerium e-money on blockchains.

May 22, 2020 | 1 min read

Monerium

Money belongs on-chain

After nine years and $773M of funding, only 25% of cross-border payments made through Transferwise settle within 20 seconds or less. Some don't settle until the following day - or days later. That is not surprising. In spite of being a leading payments challenger, Transferwise is optimizing an outdated infrastructure of closed payment systems and corresponding banks.

May 14, 2020 | 3 min read

Monerium

Monerium e-money on blockchain now available across Europe

Regulated & programmable digital cash now available on-chain across the EU, Iceland, Norway and Liechtenstein as US Dollars, Euros, Icelandic krona and British Pounds.

Jan 03, 2020 | 1 min read

Monerium

Year in review

2019 was a big year for Monerium as the team secured its e-money licence in June and became the first e-money institution authorized to issue e-money on blockchains.

Dec 31, 2019 | 3 min read

Monerium

World's first cross-border transactions using euro on blo...

Monerium and Tradeshift Frontiers carried out the world's first cross-border euro transaction on the Ethereum network.

Dec 18, 2019 | 2 min read

Monerium

Monerium e-money now available in four currencies across ...

Regulated & programmable digital cash now available on chain in the UK, Germany, France, Denmark, Sweden, and Lithuania as US dollars, euros, and British pounds.

Nov 18, 2019 | 1 min read

Monerium

World’s first invoice settled using e-money on blockchain

Monerium, the world’s first and only authorized provider of licensed e-money for blockchains, and Tradeshift, the leader in supply chain payments and marketplaces, announce the successful completion of a transaction that marks a major step forward in business payments and finance.

Oct 10, 2019 | 2 min read

Monerium

The benefits of e-money and blockchains

At Monerium, we are mindful of the social context in which we operate. We believe that responsible capitalism should not only create value for direct stakeholders but also positive externalities for society.

Sep 23, 2019 | 3 min read

Monerium

Why Monerium e-money is unlike Facebook’s Libra cryptocur...

It’s been a busy summer at Monerium. While Facebook was talking about their proposed cryptocurrency and blockchain linked to a basket of fiat currencies, Monerium was issuing fully licensed fiat-denominated e-money on an established blockchain, Ethereum.

Aug 12, 2019 | 5 min read

Monerium

Law is protocol

In cyberspace “code is law” which governs many digital services. But cyberspace does not exist in isolation, users ultimately live in societies governed by laws and regulations set and enforced by governments. For users, laws and regulations are protocols which define their interactions.

Jul 23, 2019 | 2 min read

Monerium

The Future of Money Conference in Stockholm

Monerium co-founder Jon Helgi Egilsson spoke at the “The Future of Money — Central Bank Digital Currency and Beyond” conference on June 15, 2019, in Stockholm, Sweden.

Jul 16, 2019 | 2 min read

Monerium

E-money: the digital alternative to cash

Founded in 2015, the Monerium team backgrounds include central banking, finance and cloud services, financial regulation & compliance, and cryptocurrency. However different, we share the belief that the global financial system requires rebuilding, and that blockchains, e-money, and cryptocurrency play a foundational role in making finance more efficient and reliable.

Jun 28, 2019 | 3 min read

Publication

Old shocks cast long shadows over the exchange rate

We propose a new exchange rate model using interest rate differential (IRD) time series as the input, and we fit the new model with empirical data for calibration. We assume that exchange rate modeling cannot be based on the response to a single shock but must instead be based on the response to a series of shocks, as previous shocks could still be playing out and affecting the overall response.

Apr 16, 2019 | 1 min read

Monerium

Monerium raises seed round from ConsenSys, Crowberry Capi...

Reykjavik-headquartered Monerium today announces the closing of a seed funding round led by the Nordic VC fund, Crowberry Capital, with the participation of NY-based blockchain software technology company, ConsenSys, and Hof Holdings, bringing total funds raised to $2M (USD).

Jan 11, 2019 | 7 min read

Publication

Blockchains and the future of financial services

At the beginning of Monerium, the team set out to partner with one of the financial institutions in Iceland to research in depth how the future of financial services could be impacted by Blockchains. This partnership was essential in order to fully dive into every aspect of today’s financial world.

Dec 19, 2018 | 1 min read

Monerium

Monerium was formed in the wake of the global financial c...

Dec 10, 2018 | 3 min read

Monerium

Blockchains will reshape financial services

Sveinn Valfells gave a talk at the ACTAI Iceland conference in Harpa on July 23rd, 2018.

Jul 23, 2018 | 1 min read

Publication

Minting Money With Megawatts

The cover article in the September 2016 issue of Proceedings of the IEEE.

Jul 01, 2017 | 1 min read