An e-money token is a digital form of fiat money governed by electronic money regulations. In es-Currencies, each token (e.g., es-USD or es-EUR) represents a claim to traditional money held by a licensed issuer. It’s like a stablecoin in usage, but legally it’s electronic money – meaning it’s fully backed, redeemable, and issued by regulated institutions rather than a crypto company.

Traditional stablecoins are often issued by a single company and may operate in a regulatory gray area. es-Currencies are issued by multiple banks/financial institutions that are legally authorized to create electronic money. This multi-issuer model under one smart contract means es-Currencies are more like a shared currency network than a single-company coin. They are also compliant with stringent regulations, offering greater transparency and trust. In short, stablecoins paved the way, but es-Currencies take it to the next level of trust and interoperability.

Only authorized financial institutions such as banks or e-money institutions (with the proper licenses) can mint and issue es-Currency tokens. These issuers must hold an equivalent amount of real fiat currency in reserve for every token they issue. This approach ensures that the digital tokens are always backed by traditional money, and it opens the door for many institutions to participate in one unified currency system.

Yes. Every es-Currency token in circulation is 100% backed by its corresponding fiat currency (like USD, EUR, etc.) held in safeguarded accounts by the issuing institution. If you hold, say, 100 es-USD tokens, there is $100 sitting in a regulated financial institution to back those tokens. You can redeem your tokens for the fiat money at any time, making es-Currencies as solid as cash in terms of value stability.

Individuals can acquire es-Currencies through participating financial institutions or approved apps/wallets that support es-tokens. For example, you might convert fiat money (like depositing dollars or euros) with a partner bank or platform and receive the equivalent es-Currency in return. Once you have es-Currencies, you can use them like digital cash – transfer to friends, pay merchants (where accepted), or even swap for other currencies. All transactions are instant and can be done via a smartphone or computer. When you want to cash out, you can redeem your es-tokens back to fiat through an issuer or service that supports redemption.

Not necessarily. While es-Currencies are issued by banks or e-money institutions, individuals without traditional bank accounts can still use them via digital wallets or apps, provided they meet any required identity verification. Think of es-Currencies as digital cash – you could receive tokens to a wallet app without holding a bank account, then later redeem through a participating provider. However, to redeem into actual bank money, at some point an authorized institution will facilitate that exchange. The goal is to make digital money more accessible, so unbanked or underbanked users could benefit too, using just a mobile app.

Streamable payments let you send or receive money in a continuous flow. This opens up new possibilities: for example, you can pay employees or contractors by the second for work as it’s being done. Subscription services can charge users in real time instead of a lump sum – so you only pay for the exact duration you use something. Investors can earn interest or yields that accrue and pay out every moment, giving them quicker access to returns. Essentially, any scenario where money flows over time (rather than one-off transactions) can be enhanced with streamable payments, increasing flexibility and fairness for all parties.

Absolutely. Security is a top priority for us. es-Currencies operate on a secure blockchain with robust consensus mechanisms to prevent fraud. All smart contracts underpinning the system are audited by security experts. Moreover, since issuers are regulated entities, they follow strict operational security and compliance measures. In addition, every transaction is transparent on the ledger, so suspicious activities can be monitored and traced. Users should still practice common-sense security (protecting private keys or account access), but the infrastructure itself is built to bank-grade security standards.

es-Currencies are launching initially in select regions through partner financial institutions (with a focus on jurisdictions that have clear regulations for e-money tokens, such as the European Union under MiCA). Our goal is to expand availability globally by working with regulators and banking partners in different countries. As we grow, we’ll announce new supported currencies and regions. Ultimately, we aim for es-Currencies to be a global standard, so anyone, anywhere can benefit from secure and instant digital money.