Pay with regulated electronic money on blockchain. ioCash is a fintech platform working under an Electronic Money European licence (USA coming soon) that enables blockchain based solutions to integrate payment using native on-chain electronic money. ioCash provides different payment functionalities, from opening e-money accounts to managing payments, in a single and easy-to-integrate solution. Both RESTful APIs and smart contract interfaces are available to use ioCash functionalities.
Once ioCash is deployed on your ethereum-based network, it enables your users to create electronic money accounts that connect to their ethereum public keys, so they can operate their money directly on blockchain. It supports smart contract interaction, so you can configure your business logic and connect to the ioCash smart contract to perform transactions with real money.
With ioCash you can create electronic money accounts with IBAN and connect them to ethereum addresses in the network where ioCash is deployed. From that point on, the account can receive and send payments of electronic money through the banking system or blockchain, so your application can interact with the money in the accounts in a centralized manner through the API, or in a decentralized way by signing transactions with the private key or through interactions with Smart Contracts.
When you operate with ioCash money, it has the same legal implications and regulatory supervision as operating with electronic money (such as Revolut or N26).
For financial institutions already operating a license, ioCash is also offered as a tech stack solution that provides financial institutions with the technology to tokenize and manage accounts and payments on blockchain in a regulation compliant way.
ioCash provides all the account and payment features needed by any fintech platform or blockchain application, through a single integration. The features list includes: