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Monerium, a pioneer in on-chain fiat solutions, has partnered with Camino Network to accelerate the adoption of blockchain-powered payments in the travel industry.
The collaboration will introduce Monerium’s EURe, the first on-chain Euro, to the Camino Network, providing seamless Euro-denominated transactions tailored to the needs of travel businesses.
This strategic initiative aims to address some of the industry’s persistent challenges, such as high international payment fees, lengthy settlement times, and complex reconciliation processes.
Through this partnership, travel companies can leverage Monerium’s on-chain payment capabilities and Camino Network’s scalable blockchain infrastructure to streamline operations, reduce costs, and improve profitability.
Tackling inefficiencies in travel payments
The global travel industry often operates on thin profit margins, with payment fees averaging 3% per transaction.
This eats into earnings, where an EBIT of just 1% is often…
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