Euronin: Simplifying legal payments with cryptocurrencies
Euronin company was created to simplify legal payments with cryptocurrencies on the European market. The whole crypto world is looking at how to make crypto even better, faster, and more efficient. We look at how we can connect it with the present world. In our payment system, we act as the 3rd party to the transaction that takes on all risks. We solve the concerns of the seller and take them out of his head.
We are Visa and Mastercard at the beginning of their journey. They also provided 3 parties to the transaction. In 2021, payment card transactions in Europe amounted to EUR 101.6 billion. We want to part of this market for ourselves. let’s say we take max 1% of the market, or about EUR 1.016 billion, of which we have 1% profit. Thus, the phase of trying to capture the market generates an estimated revenue of over 10 million euros.
The world of payments in online games or streaming subscriptions is another 200 billion euros per year. It is a heavier market in terms of the fact that it is worldwide, but if we manage to enter the necessary transactions at the appropriate stage and win 0.5% of this market, it brings another EUR 10 million of revenue. These numbers are already reminiscent of the very beginnings of this path and we are talking about 0.5% -1% of adoptions in a developing market. Payment transactions will look like this: In a European country there is an item (or service) worth EUR 100 that
you want to buy You do it in the cheapest, fastest, and safest possible way, i. e. by paying in cryptocurrencies Therefore, you transfer the equivalent of EUR 100 in cryptocurrencies to the Euronin system (and more precisely in Tether being a virtual currency) and the seller receives exactly EUR 100 Everything takes place with the use of the Solana blockchain network, i.e. at a level that is completely different than previously made payments and Euronin is an intermediary of this payment, providing all parties with technical solutions at the same time.
It is the simplicity of this solution that gives us a chance for enormous success. The company is at the stage of development and operational activities so that everything runs smoothly at the later stages of introducing our service to the market. Soon we are starting the issuance of EURONIN tokens based on the Solana network so that you can also be part of this change.