{"id":960863,"date":"2024-12-04T14:10:40","date_gmt":"2024-12-04T13:10:40","guid":{"rendered":"https:\/\/www.crypto-news-flash.com\/?p=960863"},"modified":"2024-12-04T14:10:40","modified_gmt":"2024-12-04T13:10:40","slug":"monerium-partners-with-camino-network-to-integrate-the-first-on-chain-euro-enhancing-blockchain-payments-in-travel","status":"publish","type":"post","link":"https:\/\/crypto-news-flash.com\/es\/monerium-partners-with-camino-network-to-integrate-the-first-on-chain-euro-enhancing-blockchain-payments-in-travel\/","title":{"rendered":"Monerium Partners With Camino Network To Integrate The First On-Chain Euro, Enhancing Blockchain Payments In Travel"},"content":{"rendered":"<ul>\n<li aria-level=\"1\"><b>Major travel companies like Lufthansa and Invia adopt Monerium\u2019s blockchain solution, streamlining costs and improving transaction efficiency.<\/b><\/li>\n<li aria-level=\"1\"><b>The partnership reduces traditional payment barriers, enabling real-time, Euro-denominated transactions through blockchain technology.<\/b><\/li>\n<\/ul>\n<hr \/>\n<p><span style=\"font-weight: 400;\">Monerium, an on-chain fiat provider, has partnered with <\/span><a href=\"https:\/\/camino.network\/\"><span style=\"font-weight: 400;\">Camino Network<\/span><\/a><span style=\"font-weight: 400;\"> to enhance payment processes in the travel industry using blockchain technology. This collaboration aims to integrate Monerium\u2019s EURe, the first on-chain Euro, with Camino Network\u2019s infrastructure to facilitate seamless, Euro-denominated transactions for travel businesses.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The partnership also extends to Camino Messenger, a protocol used for distribution and sourcing in the global travel sector. Major travel entities such as Lufthansa Group, MTS, and Invia have already connected to this platform.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The initiative addresses several significant challenges faced by the travel industry, including high fees associated with international payments, lengthy settlement periods, and complex reconciliation processes. By utilizing Monerium\u2019s on-chain Euro within Camino Network\u2019s scalable framework, travel companies will be able to process payments more efficiently and at lower costs.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Monerium\u2019s solution enables businesses to link off-chain IBAN accounts to web3 wallets, supporting programmable transfers while remaining compatible with traditional banking systems like SEPA. This integration allows for on-chain trade and settlement in Euros without the necessity of managing native blockchain tokens.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Payments are executed nearly instantaneously, are compliant with regulations, and are facilitated through smart contracts that streamline multi-party transactions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Pablo Castillo, CEO of Chain4Travel (Camino Network lab), commented on the financial impact of this partnership:\u00a0<\/span><\/p>\n<blockquote><p><b><i>\u201cIn an industry where a 1% EBIT is often seen as successful and payment transaction costs average 3%, reducing these expenses can significantly improve profit margins. By leveraging Monerium&#8217;s blockchain capabilities for payment on-ramping and settlement, we aim to substantially lower these costs and enhance profitability for travel businesses.\u201d<\/i><\/b><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">Furthermore, the integration of Monerium\u2019s API into Camino Network will improve user experiences by enabling seamless wallet top-ups and withdrawals through conventional bank transfers. This is expected to result in better pricing for consumers as businesses pass on the savings from the zero-fee payment infrastructure. Additionally, instant SEPA transfers will facilitate more efficient cross-border transactions for travelers.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">G\u00edsli Kristj\u00e1nsson, co-founder and CEO of Monerium, stated:\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<blockquote><p><b><i>\u201cIntegrating EURe into Camino Network underscores our commitment to bridging conventional finance with blockchain innovations. We are excited about this partnership with Camino Network, whose cutting-edge infrastructure is crucial for enabling smoother, faster, and more cost-effective payments in the travel industry.\u201d<\/i><\/b><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">The implementation of Monerium\u2019s EURe on <\/span><a href=\"https:\/\/camino.network\/\"><span style=\"font-weight: 400;\">Camino Network\u2019s<\/span><\/a><span style=\"font-weight: 400;\"> testnet is scheduled by the end of 2024, with a mainnet launch planned for January 2025. Pilot projects with key travel companies within the Camino ecosystem are currently underway.<\/span><b><\/b><\/p>\n<ul>\n<li aria-level=\"1\"><b>Learn more: <\/b><a href=\"https:\/\/monerium.com\/\"><b>https:\/\/monerium.com\/<\/b><\/a><\/li>\n<li aria-level=\"1\"><b>Learn more: <\/b><a href=\"https:\/\/camino.network\/\"><b>https:\/\/camino.network\/<\/b><\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Major travel companies like Lufthansa and Invia adopt Monerium\u2019s blockchain solution, streamlining costs and improving transaction efficiency. The partnership reduces traditional payment barriers, enabling real-time, Euro-denominated transactions through blockchain technology. Monerium, an on-chain fiat provider, has partnered with Camino Network to enhance payment processes in the travel industry using blockchain technology. This collaboration aims to<\/p>\n","protected":false},"author":91,"featured_media":960858,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-960863","post","type-post","status-publish","format-standard","has-post-thumbnail"],"acf":[],"_links":{"self":[{"href":"https:\/\/crypto-news-flash.com\/es\/wp-json\/wp\/v2\/posts\/960863","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/crypto-news-flash.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-news-flash.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-news-flash.com\/es\/wp-json\/wp\/v2\/users\/91"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-news-flash.com\/es\/wp-json\/wp\/v2\/comments?post=960863"}],"version-history":[{"count":0,"href":"https:\/\/crypto-news-flash.com\/es\/wp-json\/wp\/v2\/posts\/960863\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-news-flash.com\/es\/wp-json\/wp\/v2\/media\/960858"}],"wp:attachment":[{"href":"https:\/\/crypto-news-flash.com\/es\/wp-json\/wp\/v2\/media?parent=960863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-news-flash.com\/es\/wp-json\/wp\/v2\/categories?post=960863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-news-flash.com\/es\/wp-json\/wp\/v2\/tags?post=960863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}