📣 Quantoz Payments, part of Dutch blockchain company Quantoz, has secured an e-money institution (EMI) license under the supervision of the Dutch Central Bank.

🚀 This allows Quantoz Payments to issue its first programmable and regulated euro, EURD, on the Algorand network.

🌐 By the end of this year, EURD and related crypto services are expected to become more accessible to businesses and consumers across the European Economic Area, regardless of whether they have a traditional bank account.

💡 The introduction of EURD opens up payment opportunities for internet-connected devices and plays a key role in driving the Web3 economy. Quantoz’s euro makes small transactions more economical, enabling scenarios like data sensor compensation, facilitating machine-to-machine transactions, and more.

🔐 EURD is not just a regulated digital euro, but also offers many other attractive features. These include strong security measures, insured transaction costs, and currency programmability for increased efficiency and cost savings.

🤝 Developers looking to integrate EURD into their applications can leverage Quantoz’s API or use their open-source payment app, no blockchain expertise required.

💼 Notably, EURD is not a cryptocurrency or stablecoin, but an electronic money token (EMT), which is distinct from a central bank digital currency (CBDC). This puts EURD in a special category, highlighting its uniqueness in the cryptocurrency landscape.