THELOGICALINDIAN - After authoritative a acquirement through IKEA Iceland Nordic Store acclimatized the einvoice through acute affairs on the Ethereum blockchain However the transaction was paid application Icelands authorization bill the Krona and not crypto
IKEA Embraces Blockchain
The operation for the Icelandic retailer, IKEA, was fabricated accessible through Tradeshift, a accumulation alternation payments company, and Monerium, a accountant e-money for blockchains, which is additionally backed by blockchain software aggregation ConsenSys.
Earlier this year, Monerium accustomed its authorization to affair currencies as e-money on the blockchain. The use of the Krona will be the aboriginal of several currencies that the e-money provider will support.
Sveinn Valfells, co-founder and CEO of Monerium in a press release commented,
It’s hoped by those complex that this will advice to addition seamless cross-border payments beyond altered jurisdictions. According to Valfells, they, forth with Tradeshift, intend to accept a all-around appulse by authoritative all-embracing B2B accumulation alternation affairs booty abode beeline away.
Adding to this, Gert Sylvest, co-founder of Tradeshift and accepted administrator of Tradeshift Frontiers, a agenda evolution unit, said that programmable money that is adapted by governments will become the foundation for e-commerce payments because they accredit acute contracts.
E-Money License
In June, it was announced that Monerium had been accustomed as Iceland’s aboriginal cyberbanking money provider by the Financial Supervisory Authority of Iceland.
The accommodation agency that the e-money provider can bear its casework on a blockchain throughout the European Economic Area. At the time, Valfells said in a press release that the e-money authorization was a “major milestone” against authoritative “digital bill accessible, secure, and simple to transact.”
At the alpha of 2019, ConsenSys took allotment in a $2 million berry allotment annular for Monerium. Andrew Keys, co-founder of ConsenSys Capital, acclaimed at the time that Monerium is “bridging authorization money and blockchains.”
What do you anticipate of the e-invoice actuality acclimatized via Ethereum? Do you anticipate the use of e-money is how approaching payments will be conducted? Let us apperceive in the comments below.
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