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Learn how EURK plans to revolutionize the stablecoin market and provide a reliable digital currency solution.
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While traditional banking has offered many different forms of payment for years, cryptocurrencies have changed the game, especially with stablecoins for global payments.
Although we can make online transactions with these old banking services, there are better advantages to transactions with cryptocurrencies and stablecoins.
There are digital innovations such as QR code payment and contactless card payment in traditional banking services. However, these are still not entirely sufficient for all needs in the competitive market.
Today, you can send and accept crypto payments anywhere in the world. Moreover, these transactions are not monitored due to the decentralization of cryptocurrencies, and you can be more free in your moves.
The most reliable, fast, secure, and free ecosystem in the digital asset world is through the power of stablecoins. These reliable stablecoins are created to maintain a stable value based on fiat or commodity values.
Stablecoins offer great solutions for global payment issues, with several advantages over traditional finance services. Stablecoins are created to maintain a certain value according to popular fiat currencies such as the dollar and euro or commodities such as gold.
For large enterprises, losses during transfers can be high. There are no commissions or transaction fees for commercial activities carried out through digital assets.
Another advantage of using stablecoins for global payments is that they are fast. Thanks to the practical solutions of stablecoins, you can complete your crypto payments quickly.
Since this network is decentralized, you do not need any intermediaries when crypto trading, and you do not face any restrictions by the regulators.
Fixed currencies that follow fiat or commodity currencies, such as the US dollar or gold, are one of the most popular investment instruments of the future. EURK is also a good example of stablecoins as a euro-based digital asset.
Holding a reserve of 1 EUR for each digital currency you purchase on EURK crypto exchanges ensures stability. You can easily use EURK euro stablecoin in your global payments or use it as a crypto investment with a low volatility guarantee.
The major problem with current payment systems is the global access barrier. Sending money from one country to another requires very stringent procedures and fees for traditional banking services. For large businesses, these additional costs, like fees, result in even greater losses.
It is also essential to be able to trade quickly in such a competitive market. However, in current payment systems, an international transaction or the transfer of more money than a certain amount cannot be carried out easily and quickly.
Among stablecoins, the number of those traded dependent on euros is also high. EURK is one of the most invested and promising among them. EURK for investing in stablecoins does not involve any risk.
Transactions on a global scale, due to both the relevant regulators of the governments and the procedures of the banks, reduce the efficiency of the business.
In a world where digitalization has spread so much, many materials have undoubtedly been digitized in the field of economics. Although payment systems have developed various innovations with the help of internet networks for years, using cryptocurrencies has made a big difference.
Thanks to cryptocurrencies, many of the handicaps of existing payment systems have been overcome. For example, you can continue your business activities anywhere in the world through cryptocurrencies.
Sending or receiving money is done in seconds, and you do not have to pay commissions or fees with this method. Cryptocurrency, the biggest trend of the last 10 years, is an important step in the digitalization of the economy.
In addition to the popular currencies adopted among cryptocurrencies such as Bitcoin and Ethereum, there are also types of stablecoins. Stablecoins are digital assets designed to hold a fixed value, such as the dollar or euro.
With these features of stablecoins, they offer great confidence in both business transactions and individual investments. Thanks to the role of stablecoins, the problems of the current payment system may be overcome in the short term.
With blockchain technology, payment methods continue to diversify, with many advantages. There are many problems with the existing payment systems served by traditional banking services.
Many global payment problems, such as global access problems, limitations and restrictions, legal regulations, and commission fees, are eliminated in transactions made with the help of blockchain payment solutions.
To pay with cryptocurrencies, the platform you are a customer of must accept this method. There are many digital wallet providers or crypto exchanges where you can trade with popular cryptocurrencies like Bitcoin or Ethereum.
Depending on the country you are in, you can create many crypto wallets and use these digital assets in payment systems.
While there are different payment method alternatives and countless innovations that traditional banking offers, using crypto for your business is much more profitable for all business needs and growth.
After deciding the most suitable crypto exchange for your needs, you can get service from a business anywhere in the world and pay for it through this digital wallet.
This will give you both privacy and speed. Dollar-based USDT, gold-based GLC, and euro-backed stablecoin EURK are examples of stablecoins that you can use in your global payments.
The stablecoins you choose, which are your digital assets as a payment method, ensure that you do not see surprise numbers in your balance thanks to their high liquidity. You can check “stablecoin liquidity” for further details.
Stablecoins, which are expected to be adopted as an important payment method in the future, are highly preferred due to the stability they offer.
Volatility and fluctuations in the universe of cryptocurrencies can negatively affect market members. Those who find these results risky are recommended to turn to the use of stablecoins.
They are able to use secure stablecoins both as a payment method and to retain the advantages of traditional banking's trust-filled materials, such as dollars or euros.
Like the dollar, the euro is a legitimate currency that the markets accept. There are also stablecoins that are indexed to the euro and can be considered investments, and one of the most known and reliable is EURK. With EURK, your global payments will be completed in seconds.
There are three different types of stablecoins designed for different purposes. They can be called “fiat-collateralized”, “crypto-collateralized”, and “non-collateralized”. The most popular are those collateralized in fiat currencies.
These types of stablecoins seek to maintain stable value by referencing assets such as the US dollar or gold. Being processed in this way prevents volatility and fluctuations, making them a safer stablecoin trading element.
The second type is those that are dependent on popular types of cryptocurrencies like Bitcoin or Ethereum. While the volatility is lower compared to this type of stablecoin, its liquidity is not 100 percent safe.
The third type is algorithmic-based, or non-collateralized, stablecoins. These are digital assets that are created by following the buying and selling transactions in the crypto market and have a mechanism that works to keep them in balance.
Stablecoins are cryptocurrencies that are in the market to keep their assets at a certain value by following another asset. In this respect, they offer confidence for both investors and businesses.
You can also maintain the stability of the euro, one of the most common fiat currencies, in your global payments via the EURK stablecoin. Become a partner and start to explore the benefits of EURK for your business with us!
