A few months ago I posted about Monerum service which offered a way to on/off ramp fiat into crypto with their IBAN service together with eEUR token and multi-sig accounts provided by Save.
Until now, Monerium has used a Spanish payment provider to generate the Monerium IBAN, which is the reason the IBAN account codes they have been offering start with an ES, their new Estonian payment provider, LHV Bank, has the EE prefix. Why are they doing that? because they need a great SEPA transfer service provider for fiat/crypto on/off ramp and their new partner provides that they are now launching Monerium Instant Service introducing instant wire transfer in Europe.
SEPA (Single Euro Payments Area) Instant, also called SEPA Instant Credit Transfers or SCT Inst, are instant transfers in euros executed 24/7/365 and reach the recipient within seconds.
This is a great example showing how crypto and fiat will start to blur from now on, with Monerium you can get your Payroll in Euros and automatically have them swapped from your IBAN "regular" bank account into your crypto address as eEUR stable tokens. Do whatever you want to do with them using any DEX service and send them to any traditional IBAN European account swapping them back from eEUR to fiat EUR.
This is a nice example of how to leverage blockchain tech to offer instant service to something with takes no less than a few hours in traditional finance. Monerium is bringing traditional and blockchain technologies together to offer DEX blockchain services to traditional consumers.