Everex is a Singapore registered financial technology company, with head office in Bangkok, Thailand, that provides Ethereum blockchain-powered solutions for cross-border money transfers, direct payments and fiat to digital asset swaps using stablecoins. Although there are different types of stablecoins, we are only focusing on fiat pegged digital currencies that represent units of national currencies, such as USD or EUR that are powered by smart contract and exist in Ethereum blockchain token format. Everex was a second company in the world after Tether (USDT) to introduce a second fiat pegged stable coin THBEX in 2016, representing Thai Baht.
Using stablecoins in financial services allows to achieve much faster settlement times, usually in a few seconds, with very low transaction cost regardless of the transferred amounts. We implement Ethereum blockchain technology as a new rails for faster and cheaper money transfers to challenge existing legacy payment systems and also to address growing global financial inclusion problem.
Everex also offers expertise and services in developing smart contracts for fiat pegged stablecoins to support digital currency initiatives of commercial and central banks. Unlike traditional tokens used for ICOs, stablecoin smart contracts must adhere to a very difficult levels of governance and internal administration. Our own developed Thai Baht digital fiat currency token caters to individuals and SMEs in the South Asian region who send money and payments to neighboring countries.
With Everex, users will not only be able to save on exchange and withdrawal fees but also gain access to digital asset markets through the Everex platform. This will open up a whole new level of opportunities in the application of digital assets made available for payment and investment.
- Approval from the US regulator to conduct cross-border transfers with cryptocurrencies
- Approval from the US regulator to conduct fiat-crypto exchange
- Approval from Central Bank of Thailand to conduct cross-border remittance services between Thailand and Myanmar.
- Partnership with Krungthai bank, Thailand
- Partnership with as Shwe (Rural and Urban Development) Bank, Myanmar.