What is Monflo?
Monflo is a regulated crypto asset service provider delivering secure payment solutions through its partnership with Monerium, a licensed Electronic Money Institution (EMI). This collaboration bridges traditional banking and blockchain technology by using standard IBANs for seamless integration.
How Does Monflo Work?
When you deposit EUR into your Monflo IBAN, the funds are instantly converted into EURe, a blockchain-based e-money token fully backed 1:1 by the euro. From there, you can trade crypto directly on Monflo with speed, security, and full regulatory compliance.
What is a Smart IBAN?
A Smart IBAN automatically converts EUR into EURe, a euro-denominated stablecoin, and vice versa. This innovation makes transactions faster, cost-effective, and frictionless, creating a true bridge between traditional finance and decentralized finance (DeFi).
What is EURe?
EURe is a euro-backed stablecoin issued by Monerium. It maintains a strict 1:1 peg to the euro and operates on blockchain networks, enabling programmable money and integration with DeFi applications.
Why Does EURe Matter?
EURe enables secure euro-based transactions, instant cross-border payments, and access to tokenized assets, all within a transparent, regulated framework. By integrating EURe, Monflo bridges traditional finance and blockchain innovation, giving users euro-based access to dApps and compliant digital finance, effectively bringing traditional money into the Web3 era.
How Do EUR-to-Crypto Swaps Work?
Every EUR deposit becomes EURe, simplifying swaps and enabling quick, secure transactions. All tokens follow the ERC-20 standard, ensuring compatibility across the Ethereum ecosystem.
How Do I Trade Crypto on Monflo?
Trading is simple:
- Enter the amount.
- Get a real-time quote.
- Approve the transaction, no external wallets required.
Monflo supports a wide range of cryptocurrencies. Check the Assets section for the latest list.
Which Fiat Currencies Are Supported?
Currently, Monflo supports EUR only. Other currencies (USD, CHF, GBP) are not available at this time.
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