EURZ is a stable digital currency, or in other words, a stablecoin, pegged to the value of the euro. It is a creation of our partner company, DIGITAL BROKER. Operating on our unique blockchain named MARIPOSA, EURZ was designed to provide a digital alternative to the euro within our ecosystem.
Why use EURZ?
With EURZ, you benefit from several distinct advantages. The amounts you deposit in euros are instantly converted to EURZ, without any additional fees, and provide enhanced fluidity for transactions. The corresponding funds in euros are securely held in a dedicated bank account, overseen by our payment service partner.
What about taxation and regulation with EURZ?
Opting for EURZ considerably simplifies your reporting obligations. In fact, when you use EURZ for your transactions, you do not need to report each transaction or exchange between euros and digital assets via form 2086. Only the withdrawal of EURZ in euros to your bank account and euro deposits require a declaration. It's crucial to understand that EURZ is exclusive to our platform. This means you cannot send it to an external service or use it as a traditional means of payment.