At Beans, we’re committed to providing you with the best experience for sending and receiving money internationally. To enhance our services, we’re updating how we manage euro balances in your Beans account.
What’s Changing?
We’re transitioning our euro balance support from MYKOBO’s EURC to Circle’s Euro Coin (EURC). Both are digital currencies backed 1:1 by the euro, ensuring your funds remain secure and stable. Why the Change?Circle’s Euro Coin offers greater value and interoperability, allowing us to integrate more seamlessly with various financial platforms. This means faster transactions and broader access to services for you.
What Does This Mean for You?
During this transition, you might notice a brief pause of a few seconds as we update your euro balance. Rest assured, your funds remain safe, and the process is designed to be as smooth as possible.We’re excited about this upgrade and believe it will enhance your experience with Beans. If you have any questions or need assistance, our support team is here to help.
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Beans is a front-end software solution. Beans is not subject to supervision by the Dutch Authority for the Financial Markets (AFM) and the Dutch Central Bank (DNB). We are not a bank nor a payment service provider within the meaning of the Dutch Financial Supervision Act (Wft). Consequently, the deposit guarantee scheme does not apply to the services offered through the Beans platform. We do not provide any exchange services between fiat currencies and virtual currencies nor any custodial wallet services. This means that we are not a crypto service provider within the meaning of the Dutch Anti-Money Laundering Act (Wwft). Accordingly, we are not registered as a crypto service provider with DNB. Copyright © 2024 Beans.
