Accepted Forms of Payment for EURC
We have been often asked “Can I buy EURC with my credit/debit card?”
Our answer is currently no. It isn’t possible to buy via a credit/debit card. The reasons for this stem from the fact that credit cards, because of their delay in settlement and the fact that someone can request a chargeback, would mean that effectively someone could buy EURC. Receive it on their wallet, then a day later request a chargeback or to cancel the transaction.
As we are a stablecoin and we desire to have true and accurate reserves in the ‘finality’ of the transaction. We have chosen for this time to not accept any form of credit card/debit card that allows such ability to chargeback or cancel the transactions. Therefore, we only accept European SEPA transactions, which are final. These then are real, and final cash transactions.
So unfortunately, it isn’t possible to buy EURC through this method.
In the MYKOBO app you can also sell your EURC and receive it redeemed 1:1 with Fiat Euros. Select the blue 'Sell' button on the dedicated EURC wallet screen. Enter the amount of EURC you want to sell. The amount you want to sell must be above the ...
In order to hold EURC, one must go through the process of first buying it within our app. The process is as follows. Push the blue 'Buy' button on the dedicated EURC wallet screen. Enter the amount of EURC you want to buy. The amount you want to buy ...
In the MYKOBO app we have provided the option for being able to swap one crypto for another. Currently we only offer the ability to swap between any given combination of these four coins. EURC USDC XLM AQUA Some are familiar with such an option, ...
What is a Liquidity Pool?
Add liquidity to select markets and earn on the transaction fees that come in via the Liquidity Pools (LP). We built MYKOBO and the EURC on the Stellar Blockchain Network. Within this network, they have created what is called a 'Liquidity Pool' which ...
Withdrawing from the LP
Once again, in the MYKOBO app, you will see in the navigation bar the following icon. Once in the liquidity pool screen you want to click into the respective liquidity pool that you have deposited funds into. From there, you will see once again the ...