cooperate when Creating invoices via Smart Contracts. The digital payment transactions you will make in the future Mainstream markets accessible. Among the companies that tested the Service, is also the Swedish furniture giant Ikea. The Retailer, Nordic Store, paid about the Ethereum Blockchain with E-Money, and received a digital invoice.
From Polina Khubbeeva
3. October 2019ETH$176,67 0.04%part Facebook Twitter LinkedIn xing mail to
enabled in the context of a Pilot transaction in Blockchain payments. In the pilot test of the textiles retailer Nordic Store bought IKEA Island. Then, IKEA has introduced a digital invoice (Smart Invoice) on the Basis of the platform tradeshift. This is from a press release, the two crypto-companies from 1. October shows.
Therefore, tradeshift and Monerium carried out the transaction on the Ethereum Blockchain. Previously Monerium received a license for the use of electronic money by the financial regulatory authority in Iceland.
the press release says: “With the transaction Monerium and trade supply shift to the Mainstream markets, with government-regulated and programmable E-Money. A new category blockchain-powered Payments is now a reality.“ While Tradeshift provides the supply infrastructure and the basis for calculation, provides Monerium licensed E-Money.
E-Money, according to Monerium in contrast to stablecoins an independent, non-volatile EU law-compliant digital Alternative to cash. “It is a neutral Standard that can be traced back in the year 2000 and has already been used”, explains Monerium CEO Sveinn Valfells, compared with the crypto-news page Ledger Insights. What Moneriums E-Money accounts, therefore, is the clear definition and the specific Licensing Framework, which make its use trustworthy.
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“Digital money, which is regulated by the state, is the basis for E-Commerce payments in the future, because it enables so-called Smart Contracts. These offer, among its many Use Cases, such as, for example, Smart Invoices,“ said Gert Sylvest, Co-founder of Tradeshift, and a Manager at the Digital Department of the company, Tradeshift Frontiers. “We see Smart Invoices not only useful for the removal of administrative obstacles in cross-border B2B transactions. Similarly, the development of new financing models, companies can access to credit and capital flows make it easier.“
my God, who Árnason from IKEA Iceland presumed to be “a programmable financial supply chain trade partners, information and to connect flows of money through Smart Contracts, and the way dealers and customers interact, will change.”
in fact, the transaction of trade shift and Monerium offers much Potential for future digital payments. So the combination of Smart Invoice and E-Money Transfers makes automated, and predictable, human error is less likely. Cross-border transactions could be in the future, cheaper than traditional Bank payments.
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