A few days ago, Everscale partner Pi Union team held an AMA session, where they answered questions from the participants about the results of their work.
Here are the main points:
๐ตPi Union is a licensed fintech ecosystem offering Everscale blockchain-based financial applications
๐ตPi Union is not a bank, but provides similar services through the Evercash mobile app. The system integrates with European bank accounts and conventional bank card programs
๐ตCustomers can open a bank account and order a bank card, but KYC clearance and European Union residency will be required
๐ตPi Union has issued «EUPi» stablecoin, which, as part of the platform, can be exchanged for other assets and used for payments
๐ตThe company applies various security measures and audits its ecosystem to ensure the safety of users' funds
๐ตThe project team prepared a report detailing the principles of integration with Everscale, customer base, cashback program, stablecoin turnover, etc.
๐ตTrial of the ATM concept, which allows users to withdraw and deposit in local currency, was successfully conducted
๐ตThe developers see the further development of the global financial system as the interconnection between traditional financial institutions and cryptocurrencies, as the popularity of digital currencies in the world grows
โก๏ธ Future plans of the company:
โถ๏ธCreating a network of ATMs
โถ๏ธCompetition with European banks
โถ๏ธEntering Balkan region in 2-5 years
โถ๏ธFurther cooperation with Everscale
โถ๏ธSupport for Venom Network, stablecoin listing
โถ๏ธGo to full video (25 min.)