The Cryptocurrency platform Venia of Garo Bancolombia now offers Eurc, a euro-devastated digital stabelin.
As SankatiIntegrating the EURC, 1: 1 restricted and controlgic euro digital currency, in Venia, is expected to increase the user experience by providing a trusted digital currency using a reliable digital currency.
Crypto offer is increasing to provide better service to users
With this integration, the Eurc becomes the third stabechoin introduced by the Venia platform, which is a famous dollar-peg digital coin in the Crypto world after COPW (a digital currency for Colombian peso) and USDC.
Along with these stabechoin, users can also trade many other cryptocurrency such as bitcoin (BTC), ether (eth), solana (soul), avalanche (Awaax) and polekdot (pole).
The purpose of this diversity is to cover many levels of investment strategies and preferences, and the user’s interest in Colombia is increasing to deal with cryptocurrency.
Pablo Arboleda, CEO of Venia, emphasized the importance of this latest integration, stating that “it is the eighth crypto property available on the Venia app and confirms our commitment to provide more options to our users”.
“We want to offer them freedom to manage our digital assets, no matter where they are. The inclusion of the EURC ensures security and efficiency, to serve as a bridge between people and the Crypto world for our mission for stable crypto assets. “, He said.
Simple stages to reach EURC
Venia mapped the procedures in which users would have to follow the EURC within their app before they are able to use.
- Buy COPW starting from 5,000 Colombian peso via Credit/Debit Card from Bancolombia, Nequi, or any bank.
- Turn your Copw into Eurc within the platform.
- After receiving the EURC, users can send and receive funds between Venia wallet or external wallet and convert EURC to other available crypto assets.
Venia preference user-friendship in the digital asset market, which can often be complicated.
Once the users have acquired the EURC, they can transfer funds between the Venia wallet or the venia wallet and the outer wallet and swap between the Eurc and other supported crypto assets
A statistical approach to the development of stablecoins
StableCoins are a type of cryptocurrency designed to maintain a stable value against Fiat currencies, and since they have become an essential part of the Crypto industry, they are included in the list of top currencies.
Channelis reports that stabechoin makes 44.7% of the global cryptocurrency market.
Colombia has a strong stabeloin market, accounting for 66% of all crypto transactions.
Venia growth within crypto ecosystems
Integrating the Eurc in the platform of Venia represents an important milestone in supporting the increasing demand for digital currencies in Colombia.
Venia provides customers a stable and easy-to-use platform, running crypto growth in the field.
Venia is improving its service stack and bridging traditional financial markets with cryptocurrency trends as it enhances its services and customer engagement.
Venia is committed to improving the user’s access to financial devices because digital asset ecosystem develops.
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