Eurocash, a leading token for electronic cash, announced it has entered into an agreement to acquire assets related to the operation of decentralized cryptocurrency exchange /swaps, that runs on the Ethereum blockchain. Eurocash seeks to obtain all the necessary framework to begin offering services to the public in the future. With decentralized exchange, individuals retain custody of their cryptocurrency (ratherthan keep it with a third party) and use smart contracts to trade them peer to peer. In essence, all the functions of a trusted third-party exchange can now be realized directly by trading partners via software-based smart contracts and public blockchains, for a trustless- secure trading experience.
Eurocash intends to offer this service through proprietary software framework, intended to keep transactions and sensitive information private. Peer to peer transactions and data that would otherwise be available on a public blockchain, may now be private to the transacting parties, therefore users seeking to exchange their cryptocurrencies for other cryptocurrencies may do so directly with each other rather than through a regulated third party.
Eurocash intends to solve the problem of security with the built-in safety of decentralized trading, without the need for user private keys. As part of the fee structure, users will have access to strong liquidity pools through an annual subscription fee, for using the platform. More specific details and exchange information will be announced soon.
Disclaimer:
The data content of this document is intended for general information purposes only and does not constitute solicitation of or an offer to purchase any securities. This document should be used for general research purposes only. It does not, nor does it purport to, constitute any form of professional investment advice, recommendation or independent analysis.
Consequently, the information contained on this document has not been prepared in accordance with the relevant rules and regulations governing such publications in various jurisdictions. Eurocash is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. This is a press release, which contains forward looking statements, and should be treated as advertising or promotional material.
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