CoinArmy became an associated founding member of the International Token Standardization Association (ITSA) e.V.

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About CoinArmy

CoinArmy is making payment easy worldwide with its fast, efficient crypto asset exchange and electronic money issuance service. CoinArmy is in the process of applying for an Electronic Money Institution in the EU, which allows the issuance of electronic money in exchange for deposits of national currencies deposited with CoinArmy. Electronic money will be made available on the Ethereum blockchain. Clients of CoinArmy can send electronic money as payments to their counterparts anywhere in the world in a matter of seconds. Anyone in possession of CoinArmy electronic money can request to receive the money in a bank account anywhere in the world. Individuals and companies can use CoinArmy to make instant payments to merchants, suppliers, trading partners, and individuals, whom in turn can cash in the payment with CoinArmy. The CoinArmy Exchange will offer real-time conversion between cryptocurrencies and electronic national currencies. Clients will be able to lend their assets to other clients of the exchange or guarantee transactions.

About ITSA

The International Token Standardization Association (ITSA) e.V. is a not for profit association of German law that aims at promoting the development and implementation of comprehensive market standards for the identification, classification and analysis of DLT- and blockchain-based cryptographic tokens.

So far various reputable organizations have already committed to join ITSA as associated founding members, reaching from corporates (e.g. Commerzbank’s Main Incubator, Bank Frick, MME, Börse Stuttgart) over associations (e.g. Bundesverband deutscher Banken, the German Investment Funds Association BVI), startups (e.g. Cashlink, solarisBank, CryptoTax, and Ambrosus) and universities (e.g. Frankfurt School of Finance and Management, University of Mainz, TU Munich, Hasso Plattner Institute or UCL Centre for Blockchain Technologies in London) to private members (one of the co-creators of the ERC20 standard)