Quantoz Payments: New Stablecoins Enhance Digital Transactions

Quantoz Payments Introduces New Stablecoins to the Market

Quantoz Payments B.V., a pioneering payments technology company, has announced an exciting new chapter in its journey by introducing two innovative stablecoins: EURQ and USDQ. These stablecoins are specifically designed to be compliant with the upcoming regulatory framework in Europe, MiCAS Compliance, and are set to reshape how digital transactions are conducted.

Investment Backing from Industry Leaders

To elevate its mission further, Quantoz Payments has successfully attracted investment from notable firms including Fabric Ventures, Kraken, and Tether. These partnerships not only bring financial support but also lend credibility and industry expertise to Quantoz's operations. The backing from such esteemed organizations highlights the potential and trust in Quantoz Payments' vision.

The Significance of EURQ and USDQ

The newly introduced EURQ and USDQ stablecoins are integral to facilitating rapid and secure euro and US dollar transactions within the blockchain ecosystem. By being classified as E-Money Tokens (EMTs), these currencies enable users to conduct payments swiftly and transparently, streamlining processes in various sectors, including finance and e-commerce.

Creating a User-Friendly Environment for Transactions

With the advent of EURQ and USDQ, users can expect smoother transactions across digital markets and exchanges. These stablecoins will support transactions not only in traditional markets but also within decentralized platforms, enhancing financial inclusivity and access to digital currencies. By utilizing blockchains, Quantoz aims to offer faster, more reliable payment options at a reduced cost compared to traditional financial infrastructures.

Positive Impact on the Financial Landscape

Quoting Arnoud Star Busmann, the CEO of Quantoz Payments, he expressed the company's excitement about bringing European-native stablecoins to market. This development is expected to instill a new level of trust in the digital asset markets, particularly under the regulation of MiCA, which emphasizes transparent and well-regulated solutions.

Support and Confidence from Industry Experts

The reception from major players in the financial and cryptocurrency sectors underscores the robust support for Quantoz's initiatives. Anil Hansjee of Fabric Ventures remarked on the necessary blend of regulatory licenses, banking partnerships, and blockchain knowledge required to succeed in Europe. His confidence in Quantoz’s capabilities reveals the thorough groundwork laid by the company in the competitive landscape of digital finance.

Understanding the Investment Framework

The capital raised through these investments will be utilized to further develop the infrastructure needed for EURQ and USDQ, ensuring they are fully backed by fiat reserves and liquid financial instruments. This strategy is aimed at maintaining a robust and trustworthy framework for all users engaged in digital transactions.

Partnerships that Strengthen Ecosystem

Kraken’s involvement as a major player in the cryptocurrency exchange market heightens expectations for EURQ and USDQ listings. With a goal of advancing crypto adoption, Kraken's leadership emphasizes the pivotal role that stablecoins play in connecting traditional finance with the burgeoning decentralized finance landscape.

About Quantoz Payments

Founded in 2015, Quantoz Payments has grown rapidly to become a prominent technology provider in the financial sector, particularly within the European Economic Area. The company operates under the regulations mandated by the Dutch Central Bank, ensuring compliance and user trust through stringent oversight.

Quantoz Payments continues to aspire to innovate digital payment solutions, having already released EURD, a euro-backed token, earlier this year. The consistent focus on compliance and transparency positions Quantoz as a trustworthy entity within the realm of blockchain finance, setting a benchmark for future developments.

Frequently Asked Questions

What are EURQ and USDQ?

EURQ and USDQ are stablecoins issued by Quantoz Payments, designed to facilitate euro and US dollar transactions quickly and securely within the blockchain ecosystem.

Who has invested in Quantoz Payments?

Prominent companies such as Fabric Ventures, Kraken, and Tether are backing Quantoz Payments, providing financial support and industry expertise.

How are EURQ and USDQ backed?

EURQ and USDQ are fully backed 1-to-1 by fiat reserves and highly liquid financial instruments as required under the regulatory framework.

What is MiCA?

MiCA refers to the Markets in Crypto-Assets Regulation, which is aimed at creating a comprehensive regulatory framework for digital assets in Europe, enhancing consumer protection and market stability.

Where can I learn more about Quantoz Payments?

Further information about Quantoz Payments can be accessed through their official website, providing insights into their offerings and innovative solutions in the financial sector.

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