Speaker: Gregory Klumov, CEO & Co-Founder at Stasis. Euro is a long shot, but a sure win. Regulators should upgrade their policies and stop viewing stablecoins as a threat. EURS, a fully functioning stablecoin in the heart of the europe.

1. Future Banking
Gregory Klumov
Milan
November 2019

2. Future banking: euro prospects in crypto
space
Euro bears characteristics
to become a dominant
global currency
Blockchain is the
technology to bring a
much needed makeover to
the older monetary system
EURS - crypto euro with
great potential to disrupt a
€7.5T market
2

3. EU economy is just as big as the US’
Source: World Bank, IMF
3

4. EU Trade and Payments Are Comparable to
the US
Source: IMF, ECB
4

5. Crypto to Get Less USD-dependent
...and to recognize EUR strengths
EUROUSD GBP Other
20192022
90
80
70
60
50
40
30
20
10
5

6. Future Banking: understanding stablecoins
Euro bears characteristics
to become a dominant
global currency
Blockchain is the
technology to bring a
much needed makeover to
the older monetary system
EURS - crypto euro with
great potential to disrupt a
€7.5T market
6

7. The financial system is outdated at every
turn
Cash is
● costly to governments’
budgets
● non-transparent
● prone to counterfeiting and
black market transactions
Source: Fed Reserve
7

8. Stablecoins solve key problems of the
old monetary system
 Digitized money have no printing costs;
 Costs of moving money via blockchain are negligible;
 Every transaction recorded on the blockchain is publicly
verified and audited in real time;
 There is no possibility to counterfeit stablecoins.
8

9. Crypto-euro (EURS) - a successful stablecoin
in the heart of the EU
Euro bears characteristics
to become a dominant
global currency
Blockchain is the
technology to bring a
much needed makeover to
the older monetary system
EURS - crypto euro with
great potential to disrupt a
€7.5T market
9

10. EURS in numbers
LAUNCHED:
22 JUNE 2018
LIQUIDITY PARTNERS:
5 firms
TRANSACTED:
€190 Million
TEAM:
20 people
10 10
RESERVES:
€32 Million
LICENSED FINANCIAL
INTERMEDIARIES:
9 firms
LEGAL OPINIONS IN:
US, UK, EU (Germany
and Malta)
EURS POSITION:
10

11. Remittance and Acquiring
Sources: World Bank, STASIS research
AVERAGE REMITTANCE RATES IN
2018
Instant cross-border
settlements
Transaction cost
reduction by >10x
11

12. Digital Asset Lending
Lower borrowing rates
due to negative rate
yield in the euro area
Higher deposit income
YIELD IN EURS FOR
THE LENDER
Av yield on
euro-deposits
EURS yield for
the lender
0.1-0.3%
3-5%
COST OF BORROWING
IN EURS
Av cost of crypto-
borrowing
EURS cost of
borrowing
15-20%
6-7%
12
Sources: Loanscan, euro-area statistics,
STASIS research

13. FX
22%
Treasury
27%
Liquidity
23%
Payment
21%
Compliance
7%
Corporate Settlement
Lower transaction costs
Settlement simplification with
suppliers and counterparties
FX risk avoidance
Source: ripple, STASIS research
1%
of annual
cross-border
turnover
BREAKDOWN OF CORPORATE
CROSS-BORDER TRANSACTION COST
13

14. 14

15. Stakeholders wanted!
15
DIGITAL LENDING
REMITTANCE
AND ACQUIRING
CORPORATE
SETTLEMENT

16. 16
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