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How to boost your business with the programmable euro
What keeps corporates from boosting their business and entering into valuable partnerships
$110 BILLION EURO OF ILLIQUID CAPITAL IN DE, FR, UK, PL, TUR AND CHN
Primarily “frozen capital” in the manufacturing industry
Manufacturing industry is a key wealth producing sector of the industry
OPACITY REGARDING MULIPLE TRANSACTIONS WITH BUSINESS PARTNERS
Limited international cooperation with cross-border payments
Asset-finance and programmable money plays an important role to streamline business processes
56% OF PAYMENT PROVIDERS WORK ON NEW TECHNOLOGIES
Strong international competition entering national markets
Fragmented solutions and lacking interoperability and automation causes for the clients
CURRENT SITUATION - There is no blockchain/DLT system that offers traditional currencies complying with all required licenses to enable programmable money
There is a variety of traditional currencies used for transactions every day, minute-by-minute; hence, EUR and USD is required not Bitcoin or cryptos
In order to execute smart contracts denoted in EUR, USD, CHF a distributed ledger infrastructure is necessary but so far not existing
There are hundreds of banks and exchanges where you can trade and exchange these currencies.
SOLUTION - The Euro is programmed for you
integration into existing systems through IBAN/wallet gateway. Transfer of EUR on chain via IBAN.
Transform EUR, CHF and USD with tokens into programmable money for smart contracts
Backed by compliant e-money license with EU law framework
Creating a platform with distributed ledger technology that offers traditional currencies allowing smart contract execution while complying with regulatory requirements (E-Money license).
HOW - Six Line combines Euro and blockchain technology with an E-Money license to allow programmable, fast, automated, transparent secure payments
Six Line does IBAN/wallet mapping, meaning that the payments to an IBAN are transferred into a specific wallet
E-Money instead of crypto
The use of E-Money eliminates downsides of cryptocurrencies; blockchain improves usability of E-Money. Accounting & taxation easier as with cryptocurrencies
USE CASES - With our vision and focus of activities, we can enable a variety of use-cases in multiple industries
The Euro blockchain offered by Six Line can be used for new business models, e.g. automated transactions and smart contracts between a weather service, where sensors automatically sell data for Euro.
Connecting sensors of supply silos directly with automated purchasing processes. Silos will re-stock themselves and conduct automated payments denoted in Euro with Six Line.
Allow IoT devices and machines to handle secure and instant payments with a E-money license. Enabling logistics use cases.
Payments between vehicles in traffic – utilizing Six Line to allow IoT devices integrate with Euro-denoted smart contracts. This allows autonomous vehicles to pay, bill and receive Euro in an automated way.