E-Money Report by Jesse

Hello again and welcome to another deep dive into a new coin for this week's edition of Wealth Mastery. This week we’ll be looking at a new development in stablecoins, where there are said to be many drawbacks and inherent instability of algorithmic stablecoins. A new project called e-Money is looking to bring a more efficient and liquid type of currency-backed stablecoins into the blockchain market.

Introduction

E-Money is an electronic payment system and fully-regulated storage of value proposition operating in the financial services industry. The company vision is to create a level playing field, providing equal access to transparent financial services, on a global scale, while reducing cost. E-Money intends to release a range of currency-backed stablecoins in a manner that is fair and transparent, accessible for all, near-zero fees, instant settlements, and immediate finality. E-Money is not designed to act as a wholesale replacement for the existing financial system, but can instead be thought of as the layer two solution for traditional finance. For merchants, e-Money offers a payment processor that is easy to use, with fewer intermediaries that allow for greater levels of transparency and low fees. Since payments are settled immediately, merchants can see that e-Money supports the ongoing liquidity of their business. The concept and technology for e-Money are being developed by Block Finance A/S, a Danish Fintech company that are innovating new technologies to bridge traditional financial services together with distributed ledger technology. Built on the Cosmos Network, e-Money allows for a suite of inter-blockchain communication through the Cosmos Hub. With plans to integrate with Ethereum and Avalanche with-in the first half of 2021. Unlike most existing stablecoins which aim to maintain a static 1:1 peg with