What problems does OERO solve?

11/08/2019



The most relevant problem in the cryptocurrency market is currency volatility. This leads to the indecision of consumers and enterprises to accept or exchange these currencies. A high degree of market speculation also concerns government regulators and the industry is subject to fraud and manipulation. OERO solves this problem by introducing a nationalized digital currency which value is tied to Euro stability. As for the fiat currency market, the most urgent problems here are speed, reliability and high commissions of the banks and payment systems for cross-border transfers. This leads to a forced loss by users and companies of a significant part of the funds used in cross-border transfers. OERO solves these problems by tokenizing every euro in its accounts in more than 200 banks of the world. The calculation of the time of transactions in the blockchain network occur in seconds, not days as in the case of standard bank cross-border transfers.

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