Membrane Finance, a leading fintech company based out of Finland, has recently launched the EUROe, Solana’s first euro stablecoin. This integration provides enhanced transactional flexibility across Europe, allowing users to move between digital and traditional financial realms more seamlessly. The EUROe is fully compliant with the impending Markets in Crypto Assets regulations, set to be operational in 2024. It is backed by a combination of bankruptcy-protected cash and CET1 equity capital, both anchored in European banks.The EUROe Account API is a key component of this rollout, simplifying complex financial maneuvers for developers. It enables the automatic movement of euros between supported blockchains and the conventional financial system, allowing businesses to transition between digital and traditional finance without manual intervention.Wirex, a digital finance mainstay with a user base exceeding 6 million, has provided immediate support for the EUROe. This collaboration allows for EUROe transactions across a network of over 40 million merchants in more than 200 countries. Additionally, the Wirex platform allows for instantaneous conversions between EUROe and over 100 other global currencies.Juha Viitala, CEO and co-founder of Membrane Finance, believes that the EUROe integration with Solana has made it a competitive contender for blockchain-based applications. The integration also establishes a foundational bridge between multiple blockchain systems and the conventional banking infrastructure.

Information	Details
Geography	Europe
Countries	🇫🇮 🇩🇪 🇫🇷 🇬🇧 🇪🇸 🇮🇹 🇳🇱 🇦🇹 🇧🇪 🇮🇪
Sentiment	positive
Relevance Score	10
People	Juha Viitala, Wirex
Companies	Membrane Finance, Wirex, SEPA, MiCA, Solana
Currencies	EURO, EUR, Bitcoin, Ethereum, Solana
Securities	None