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eMoney Domains

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The U.K. Financial Conduct Authority (FCA), which oversees the banking and finance industry, released its guidance on cryptocurrencies published its final guidance in PS19/22 on 31 July 2019.

The FCA has included a new category of regulated tokens that constitute e-money, “e-money tokens”. rather than including e-money tokens within the utility tokens category. This provides a clearer distinction between regulated security tokens and e-money tokens on the one hand, and unregulated tokens (utility tokens and exchange tokens that do not fall within the above categories) on the other.

Lots of eMoney domains to be had out there.

Happy hunting Domainers
 
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UK Financial Watchdog Gives Green Light to E-money Tokens

‘For the first time, the Guidance establishes a brand new category of cryptoassets — e-money tokens. Notably, many industry players proposed to introduce such a category during consultations, which evidently demonstrates that the demand for the e-money based on the DLT technology is huge.’


https://legalnodes.org/blog/UK-financial-watchdog-gives-green-light-to-e-money-tokens/
 
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eMoneyTokens.eth
eMoneyTokens.com
eMoneyTokens.io
eMoneyTokens.co
eMoneyTokens.net
eMoneyTokens.org
eMoneyTokens.co.uk
eMoneyTokens.xyz
eMoneyTokens.info
eMoneyTokens.exchange

e-MoneyTokens.eth
e-MoneyTokens.com
e-MoneyTokens.io
e-MoneyTokens.co
e-MoneyTokens.net
e-MoneyTokens.org
e-MoneyTokens.co.uk
e-MoneyTokens.xyz
e-MoneyTokens.info
e-MoneyTokens.exchange
 
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Not one mention of emoney on document but you got them all buying into it.
 
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e-Renminbi.com

$500k only! 😁
 
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On document token mentioned.
If you look up the FCA guidelines and look into the European Commission Directives for "E-Money" you will see it mentioned quite a bit......
 
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Thanks for these informations. There are circulating so many news, reports and speculations about new crypto currencies, blockchains, tokens that some of us must have spent a fortune on it.

If your eMoneyTokens are becoming a category killer then you are the Category Killer Godfather for sure.

I felt inspired and found eMTs.uk available. I am curious if the Brits will chase me off their island after Brexit being a non-UK registrant.
 
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Not one mention of emoney on document but you got them all buying into it.

That’s
If you look up the FCA guidelines and look into the European Commission Directives for "E-Money" you will see it mentioned quite a bit......

Stablecoins, Central Bank Digital Currencies, and Cross-Border Payments: A New Look at the International Monetary System

https://www.imf.org/en/News/Article...-digital-currencies-and-cross-border-payments


What is eMoney?

eMoney thus also includes a version of “stablecoins” that is fully backed or collateralized by fiat currency — what some call “digital fiat currency.”

Advantages of eMoney:

Why is adoption of eMoney so rapid and widespread? First, because its value is stable relative to fiat currency. The exchange rate is 1 to 1

Tackling risks to eMoney—a potential role for central banks?


Central banks could offer eMoney providers access to their reserve accounts, under strict conditions, of course. Through effective supervision, central banks could check that eMoney issuance is fully backed; there goes risk number one. Moreover, eMoney holdings would become extra safe and liquid for customers, especially if reserve accounts were protected from other creditors of eMoney providers in case of bankruptcy.

Synthetic CBDC (Central Bank Digital Currency) :


I would instead like to draw your attention, dear colleagues, to the fact that while we were focused on alleviating risks — on protecting consumers and financial stability, all laudable goals — we inadvertently created CBDC! A new version, that is, which we call “synthetic CBDC.”

Yes, if eMoney providers can keep client funds as central bank reserves, and if these are protected from other creditors, then, by proxy, eMoney users can hold, and transact in, a central bank liability. Isn’t that the very definition of CBDC?


 
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Thanks for these informations. There are circulating so many news, reports and speculations about new crypto currencies, blockchains, tokens that some of us must have spent a fortune on it.

If your eMoneyTokens are becoming a category killer then you are the Category Killer Godfather for sure.

I felt inspired and found eMTs.uk available. I am curious if the Brits will chase me off their island after Brexit being a non-UK registrant.

Thanks,

We are a whisker away from regulatory clarity.

When the FCA clarifies exactly which tokens fall into the regulated category ‘eMoney Tokens’ then I’ll know for sure. But contenders so far are Facebooks Libra and Central Bank Digital Currencies like China’s Digital Yuan.

It could be a serious category killer.
 
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Thanks,

We are a whisker away from regulatory clarity.

When the FCA clarifies exactly which tokens fall into the regulated category ‘eMoney Tokens’ then I’ll know for sure. But contenders so far are Facebooks Libra and Central Bank Digital Currencies like China’s Digital Yuan.

It could be a serious category killer.

A piece of advice here :)
If you like it, just renew 5 years ahead and move on to diversify your portfolio with other niches
This advice is based on sweat and blood 😂
 
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A piece of advice here :)
If you like it, just renew 5 years ahead and move on to diversify your portfolio with other niches
This advice is based on sweat and blood 😂
You read my mind
 
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Another great example of how exact match domains are great for SEO.

eMoneyTokens.co.uk already holds a page 1 Google position for search ‘eMoney Tokens’ after only 1 month.
 
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i M o n e y S t o r e .com
i M o o l a .com
 
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Who Will Win the Race to Rule Crypto Payments?

Interestingly, crypto payment services now fall under UK Payment Services Regulation 2017. E-money is described as any tokens used by money transfer businesses to store monetary value for the purpose of transferring funds or payment transactions. This category also includes fiat money stored on various online wallets or prepaid cards.

For many people, cryptocurrencies remain an abstract idea removed from everyday life. Most people aren’t even aware of the technology.

But one application that can push cryptocurrencies into the mainstream is payments. Making it easy and safe for consumers and businesses to pay bills, buy and sell stuff, and deposit and withdraw funds offer significant opportunities for the technology.

The global payments market, currently dominated by traditional banks and financial institutions, is enormous. Last year, the industry generated nearly $2 trillion in revenue, an percent jump from 2017.

Payment service provider WorldPay estimates the transaction amount in digital payments alone will reach $876 billion globally by 2021.

As a result, we are witnessing a significant surge in efforts to develop crypto-payments.

Facebook, for instance, recently announced that it will launch its Libra tokens to facilitate payments across its messaging platforms.

Bakkt is reportedly developing a crypto-payment method called “Bakkt Pay”; Starbucks, Whole Foods, AT&T, and Nordstrom are potential customers.

Squarer recently debuted “Cash App” and “Square Market” in partnership with Bitcoin.

Here’s a quick guide to the plethora of companies, both traditional firms and startups, pursuing this hotly contested business.

image.png


Payment service providers

Coinbase and Visa jointly launched a debit card that people can use in off-line transactions in six European countries. The service challenges to a certain extent big international players like PayPal.

Since introducing its Bitcoin payment services in 2017, Square expects revenue from these businesses to reach $65.5 million this year.

Furthermore, the company is developing a service for users to transfer Bitcoin from outside wallets to Square. It’s not difficult to imagine that Square might eventually start a cryptocurrency exchange and offer services like money management and trusteeship.

In addition, Chinese tech giant Alibaba has created cross-border platforms for money transfer and payments between Hong Kong and the Philippines and Pakistan and Malaysia.

Tokens

Tokens, of course, are the engine that fuels the crypto payments industry. BTC, XRP, BCH, LTC, and XLM make up the world’s five largest tokens in terms of market valuation. As of August 17, Bitcoin accounted for 68.4 percent of the total market value of all cryptocurrencies.

XRP and XLM, along with their respective mother blockchain Ripple and Stellar, are more focused on settlement and cross-border payments.

As for major privacy cryptocurrencies, Monero, Dash, and Zcash enjoy the highest market values while Beam and Grin are gaining wider popularity. With their strong focus on privacy, these cryptocurrencies are especially prolific in non-mainstream markets. For instance, Pornhub accepts Monero as one of its payment methods. Wall Street Market, the black market that global authorities eventually shut down, held a large amount of Monero tokens.

Commercial banks
Banks have the most to lose as payments startups continue to encroach on their turf. Therefore, banks have invested considerable time and money in blockchain to defend their business.

According to Odaily, 38 percent of the 84 blockchain-related businesses that major banks like Wells Fargo, Bank of America, and HSBC are developing belong to payments and trade and finance. The four major national banks in China as well as China Merchants Bank are also exploring these areas.

The most impactful player thus far is J.P. Morgan. The bank’s decision to launch its own JPM digital coin provided a powerful boost to a market that was undesirable at that time.

Central banks

Central banks are keeping a close eye on blockchain technology as the emergence of digital currency will deeply alter the global financial system.

Several developing countries have already launched digital money from their central banks. Ecuador and the Marshall Islands hope to lessen the connection of their money to the U.S. dollar. Venezuela, Tunisia, and Serbia want to fix domestic economic problems and complete financial reforms.

Central banks in major powers like France, the United Kingdom, Canada and China are studying the possibility of merging digital currencies with existing infrastructure.

For instance, the Bank of France launched MADRE in 2016, an initiative to speed money transfers. And the Bank of Canada and the Monetary Authority of Singapore have conducted cross border transactions with the support J.P. Morgan and R3.

Customers

For crypto payments to gain widespread acceptance, mainstream institutions need to embrace them.

For example, Microsoft accepted Bitcoin as a payment method as early as in 2014 in its Xbox store (due to the frequent fluctuation of Bitcoin, this service ceased operation in 2018).

Twitter allows users to “give prizes” to others with Bitcoin. However, the company does not directly operate the service but rather through the “Tippin” explorer. Furthermore, Tippin uses the technology of Lightning Network to support real-time transactions in small amounts of Bitcoin. Therefore, the giver and receiver of the “prize” both need to have a wallet that supports Lightning Network.

Overstock.com has accepted Bitcoin as early as in 2014. The company plans to focus solely on blockchain. Overstock also accepts other currencies such as Ethereum, Dash, Litecoin, and NEM.

 
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What Does Alipay's New EU-License Mean For Banks?

Two big pieces of news for Alipay have been announced within the past fortnight. The first is that the Chinese payments giant have been granted an e-money license in Luxembourg

The second, that the use of mobile payments amongst Chinese tourists abroad has overtaken that of cash

https://www.forbes.com/sites/daniel...t-does-alipays-new-eu-license-mean-for-banks/



 
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Huge news!

Tradeshift Frontiers and Monerium Settle the World’s First Invoice With Smart Contracts and Licensed Digital Cash

“Programmable money regulated by governments will become the foundation for e-commerce payments because they enable so called ‘smart contracts.’

The transaction is in line with predictions made recently by Gartner, the International Monetary Fund (IMF) and World Economic Forum (WEF). Gartner predicts that blockchain and smart contracts will have transformative impact on a 2-5 year horizon (“Hype Cycle for Multienterprise Solutions”). IMF foresees blockchain-based forms of e-money enabling “seamless payment of automated transactions” and substantial efficiency gains from back-office tasks (“The Rise of Digital Money”). Last but not least, WEF projects that 10% of global gross domestic product will be stored on blockchain technology by 2027

“As the first company authorized to issue e-money on blockchains, we are delighted to demonstrate the benefits of blockchains for mainstream B2B transactions using a legal form of digital money,” said Sveinn Valfells, co-founder and CEO of Monerium. “Unlike cryptocurrency which is volatile, e-money is a proven digital alternative to cash, regulated and redeemable on demand. Using programmable e-money in smart contracts heralds a new category of payments.”

“With a ‘smart invoice’ we can issue tokens that represent the future cash flow down to each dollar on the invoice. Whoever holds tokens will get paid upon due date, which makes smart invoices ideal to use for financial-services apps,” said Sylvest.

With Smart Invoices, short-term credit to small and large companies can be delivered automatically.

Sylvest continued, “if you sell the tokens back to the buyer, you basically have dynamic discounting. If you sell them off to a financier, you have Supply Chain Finance. If you use them as collateral in order to provide finance to sub-suppliers, you have what some call ‘Deep Tier Finance’


https://www.businesswire.com/news/h...ontiers-Monerium-Settle-World’s-Invoice-Smart
 
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The CEO of EURS, Gregory Klumov decided to create a euro-backed stablecoin after seeing Tether gain traction:

“I always wanted to create some competitor to the US dollar and simplifying the reach for the underlying currency, the Euro, makes a lot of sense macro-wise. US regulators do not segregate digital assets from existing buckets they already regulate (ie commodities, securities, MSBs). But Europe’s regulators treat the asset class more competitively and I foresee that they will adjust existing e-money regulation to include stablecoins. It was developed 20 years ago and is becoming obsolete because of blockchain technology. In my view, stablecoins should be seen as e-money 2.0.”

https://cointelegraph.com/news/fiat-backed-stablecoins-attempt-to-take-the-best-of-both-worlds
 
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Another regulatory body identifies Fiat pegged Cryptocurrencies as eMoney Tokens.

Germany’s BaFin publishes new guidance notice on crypto token regulation


it is the design of a token which is the basis for regulatory requirements:

• Token sold in exchange for fiat money that embody a claim against the issuer and are accepted by third parties as a means of payment, likely constitute e-money.


Https://www.lexology.com/library/detail.aspx?g=0197bb8a-0818-4866-9bab-ad29b4256a4c

 
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