Renowned cryptocurrency payments provider SatoshiPay in partnership with leading German bank Bankhaus von der Heydt to become the primary user of its recently revealed Euro-backed stablecoin [EURB].
Within an official announcement by SatoshiPay investor Blue Star Capital, the payments firm plans to integrate the regulatory complaint EURB into its cross-border money transfer service referred to as ‘DTransfer’.
Bankhaus von der Heydt, an establishment established in 1754, collaborated with Bitbond to launch its euro-backed stablecoin on Stellar last week.
Bitbond played an important role within the development and integration of EURB, while Bankhaus von der Heydt offers its banking infrastructure & regulatory framework.
United Kingdom-based Blue Star, which features a 27.7% stake within the company, explained the addition of EURB would be good for SatoshiPay users.
Bankhaus von der Heydt brings “a stable on and off-ramp for EURB transactions with instant EUR-based bank transfers in the solely Euro Payments Area,” consistent with the official announcement.