Findings about Monerium

sergfeldman commented 1 year ago

Ser | Ubiquity DAO: @pavlovcik Please, provide more context of the future of our app as it can influence cards issuing

As one of the references I use https://monerium.com/guides/safe/

They have an app, own stablecoin, cooperate with Safe, and provide IBAN (we want cards instead).

It would be good to know major features that you plan for our app.

アレクサンダー.eth | U B I Q U I T Y: This is epic I never heard of them before

Ser | Ubiquity DAO: I can briefly present my findings about them in the research meeting

sergfeldman commented 1 year ago

This task takes 2 hours

sergfeldman commented 1 year ago

I will create the PR after the research call.

Findings about Monerium

https://monerium.com/financial-information/ Monerium is licensed in EEA, and registered in Iceland

https://monerium.com/guides/safe/ Integrated with Safe, provide IBANs for Web3 wallets & smart contracts

https://monerium.com/blog/2023/why-the-eure-is-better/ The stablecoin in EUR

https://monerium.com/fee-schedule/ Services are free

https://monerium.com/blog/2023/how-monerium-is-decentralized/ Their approach to decentralization

https://monerium.dev/ The platform with API

https://monerium.dev/docs/welcome Documentation for developers

https://github.com/monerium/ 6 followers on GitHub

https://t.me/+RlEKNNp06GliY2Fk Telegram for developers with 170 members

https://monerium.com/policies/business-terms-of-service/ Business terms of service

As an obliged entity pursuant to European KYC/AML regulations we must apply customer due diligence measures when establishing a business relationship with you. In our customer due diligence process you are required to submit and provide us with (i) general information about the legal entity e.g. registered name, company number, country of incorporation, information about beneficial owners, directors, authorised persons; and (ii) applicable business documents e.g. certificate of incorporation, ID for relevant business personal (directors, beneficial owner and authorized person).

The IBAN is customer-specific but managed by us. When funds are transferred to the IBAN account an automatic process will be initiated that issues e-money to your linked blockchain address. You should note that the IBAN is provided to you through our third-party partners and transactions via the IBAN are also subject to their terms and conditions see section 5. You are also able to use your IBAN to send payments via traditional payment networks such as the Single Euro Payments Area (“SEPA”). Once you have submitted a send request through our web application (hereafter referred to as “your Account” or “Account”) the corresponding value of e-money will be redeemed from your linked blockchain address. In your Account you can view the balances of your linked addresses, receive instructions on how to add money, send money and view your transaction history.

The IBAN and the SEPA payment services are provided by our third party payment service provider SatchelPay, UAB, with the legal code 304628112, registered address at Geležinio vilko g. 18A, Vilnius, LT-08104, Lithuania (hereafter referred to as “Satchel’’). Satchel is a licensed electronic money institution, license No 03-34, supervised by the Bank of Lithuania. Before you use the services provided by Satchel, you have to read and agree to their terms and conditions available here: https://satchel.eu/terms-and-conditions. Please read them carefully.

sergfeldman commented 1 year ago

/assign