Jump to content

Exchange Blog Cryptocurrency Blog


All Pips



What is SEPA and how does it work?


radex78

Recommended Posts

1140x570.png

Introduction to unified payments across Europe
Almost 20 years have passed since the wish to become members of the European Union was at the very top of national priorities for many formerly independent European countries, which had until then had their own national currency.

The formation of the European Union was a natural progression from what had emerged during the 1970s as the European Economic Community (EEC), taking European countries from completely independent status, bound only by a common economic market, to a fully-fledged union of nations which would eventually have a centralized parliament and one issuer of a common currency - the European Central Bank.

Since the Euro, now recognized globally as one of the major sovereign currencies, was introduced in January 1999, it has become a de facto currency for global business and a common unit for many European citizens, and worrying about transferring from one unit to another with the associated costs just for going shopping a few kilometres away just because it happens to be across a national border, is a thing of the past.

Read more https://monevium.com/blog/what-is-sepa-and-how-does-it-work/
 

Link to comment
Share on other sites

  • 4 months later...

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...