E Money Network Partners with zkCross Network to Power Seamless Liquidity in Web3

We are pleased to announce that E Money Network has partnered with zkCross Network, a disruptive solution powering seamless cross-chain liquidity transfers in Web3. With this partnership, E Money Network and zkCross Network aim to address the issue of complexity of user experience in Web3, and work towards providing a simplified, efficient and secure Web3 user experience.

Seamless Access to Liquidity

zkCross Network, with its emphasis on blockchain interoperability, is focused on making blockchain, DeFi and dApp interactions as easy as Tradfi (traditional finance). It automates complex DeFi transactions like swapping and bridging, making cross-chain transactions easily accessible for all users.

E Money Wallet, with multi-chain support, is geared to contribute to a more interconnected blockchain ecosystem in which users can transact across multiple chains seamlessly. By integrating with E Money Network's Wallet, zkCross Network extends its reach to a wider audience seeking a regulated and user-friendly platform for cross-chain activities.The unification of E Money wallet with multi-chain support and zkCross Network’s innovative liquidity solution can enable the creation of a powerful DeFi ecosystem that maximises liquidity efficiency for a large user base.

Compliance-Driven Web3 Interactions with E Money Wallet

Equipped with KYC/AML modules at the infrastructure level, E Money wallet ensures that each and every transaction processed through it is compliant with the upcoming MiCA regulations.

Owing to this feature, the integration of E Money Network's wallet with zkCross Network’s protocol enables web3 users to ensure compliance as they navigate the diverse blockchain landscape and transfer liquidity across networks.

Furthermore, the partnership also facilitates access to a compliance-driven fiat-to-crypto gateway. zkCross Network provides fiat gateways with 20+ fiat currencies that simplify fiat-to-crypto conversion with seamless fiat on and off-ramp solutions.

With its MiCA compliant infrastructure, E Money Wallet is also enabled for issuance, settlement and custody of MiCA approved stablecoins, that is e-money tokens (EMTs) on its native blockchain- E Money Network. E Money Wallet combines native web3 wallet features (send, receive tokens from 0x, etc.) with upcoming IBAN on-chain features (send, receive e-money tokens), making it a comprehensive web2 + web3 wallet. Thus, the integration of E Money Wallet with zkCross Network enables users to access additional on and off-ramping solutions, such as e-money tokens (EMTs like eEUR), providing users with secure and regulated access to an array of currencies - crypto, fiat and e-money tokens.

A Turning Point for Interoperability and DeFi

This collaboration marks a significant step towards mainstream adoption of DeFi, as it removes the barriers to entry and provides a regulated, user-centric solution for cross-chain interactions. E Money Network's compliant wallet, with its multi-chain and multi-asset support, serves as the optimal interface for users to access zkCross Network’s applications. zkCross Network’s one-click liquidity solutions are crucial for powering efficient, secure, and compliant cross-chain transactions. By bringing the two together, users can experience a more unified, dynamic and user-friendly DeFi ecosystem.