The fintech landscape needed a regulated, digital euro to power new applications. Now, a fully regulated digital euro (EURD), issued by the fintech company Quantoz Payments on the Algorand blockchain, provides a low-transaction fee, high-speed solution for payment platforms and applications.
"Algorand met all the requirements for issuing regulated digital euros on a public blockchain. From a capacity perspective, we can issue all the euros currently in circulation on Algorand and process thousands of transactions per second, with instant finality."
- Gaston Hendriks, Co-founder and CTO, Quantoz
No regulated, digital euro existed on the blockchain, inhibiting enterprises and fintech companies from creating new payment applications for the European market.
Quantoz Payments introduced a fully regulated, enterprise-grade, Algorand-powered digital euro (EURD), an electronic money token with fast, secure, and low-cost transactions.
Compared to traditional digital payment systems with high fees that diminish margins, Algorand’s low fees are ideal for supporting micro-transactions.
Atomic transactions provide secure, mutual confirmation, ensuring certainty for both parties.
Algorand's eco-friendly design, governance structure, and native features, such as whitelisting, freezing, and clawback functions, appeal to regulators.
Built-in Algorand Standard Asset (ASA) support simplifies asset tokenization and transaction management.
QUANTOZ PAYMENTS, THE ISSUER OF EURD, OPERATES UNDER THE SUPERVISION OF: