Estcoin: Estonia’s Own Digital Currency?

Estonia might be the first country in the world to offer its own token through an Initial Coin Offering (ICO). ‘Estcoins’ would be managed by the Republic of Estonia, but accessed by anyone in the world through its e-Residency programme. They would be launched through an Initial Coin Offering (ICO), which would enable companies to crowdfund their finance and incentivise a wide range of people to help grow their businesses.

Recently, the country also started a partnership with Paymentwall Passport in order to make worldwide payments easier. 

“The main advantage of this partnership is that now with Paymentwall Passport , the process of digitally setting up a global EU company and connecting it to the payment processing solutions becomes even easier,” Estonia e-Residency managing director, Kaspar Korjus, tells Emerging Europe.

“The payment services offered by Paymentwall Passport are especially useful for entrepreneurs in countries such as Ukraine, Turkey and India etc., mostly because international payment solutions are not as readily available there. In addition, with Passport, entrepreneurs will have access to a global network of companies that offer a range of support services to help them build a truly international company,” he adds.

The E-residency programme was launched in 2014, to offer everyone in the world the same rights and services that were previously available for residents only. Today the latest statistics issued by the Estonian Government show more than 22,000 people have registered from 138 countries, for government-issued digital identity. Paymentwall Passport has already helped to create a global network of over 100 companies and institutions, and has helped them to find working spaces and access business banking.

“We are delighted that with this cooperation. We have made yet another step to empower entrepreneurs worldwide and relieve the financial barriers that are still holding people back from their entrepreneurial potential, often only because of their location. E-Residency aims to democratise entrepreneurship, globally, by offering location independent company management, and Paymentwall Passport will help contribute to our shared goal of digital and financial inclusion worldwide,” Mr Korjus adds.


Does the Sceptre of Separatism Haunt Emerging Europe?

Szekely Land Flag

Chinese Electric Car Maker Seeks Emerging Europe Base

zhi dou d2

Despite Public Anxieties, Migration is Playing a Key Role in ECA Growth

Bratislava city aerial panoramic view. Bratislava is the capital of Slovakia.

Economy Minister: Internationalisation Is the Key To the Slovenian Economy

Meghri Becomes Armenia’s Third FEZ

armenia emerging europe

Digital Business Space Gives All Businesses an Office in Sarajevo

Sarajevo Bosnia and Herzegovina - August 24 2015. View from Vraca Memorial Park with building of Avaz Twist Tower

Tech Giant Expands Romanian Operations

Beyond Borders: Immigration Within the EU

refugees immigrants

Jadranka Joksimović: Serbia Takes Its Candidacy of the EU Seriously


Georgia’s Growth Continues

Batumi, Adjara, Georgia - May 27, 2016: Batumi, Adjara, Georgia. Gogebashvili Street Road And Marine Station Or Maritime Station Building Batumi On Background

EU Membership and Transition into Market Economies Have Helped CEE Achieve Social Progress

Slovakia: Growth Continues But Problems Remain

Hungary’s Solar Dreamer

hand sun and blue sky with copyspace showing freedom or solar power concept

Air Passenger Volumes Reach Record High in the Baltics


The Slovak Matchmaking Fair open for registration

Poland Is Set To Become a Large Economic Zone

Aerial view over the building materials processing factory. View from above.

Poland to Switch from Emerging to Developed Market by September 2018

warsaw stock exchange

CEE Must Improve Infrastructure and Logistics

Aerial view of Gliwice Sosnica motorway junction. There are international traffic in four directions

Bloomberg Croatia Business Day 2015

IMF Wants Banking Sector Reform in Western Balkans

croatia national bank

Sarajevo Stock Exchange Connected to SEE Link

sarajevo stock exchange

Hungary Today: Potential and Challenge

Chain bridge on Danube river in Budapest city. Hungary. Urban landscape panorama with old buildings and domes of opera

Automotive and Transport Companies Dominate the CEE Region

Car bodies on the production line inside automobile factory

Putin Urges Belarus to End Oil Transit Through Lithuania

Athens Greece - May 27 2016: Russian President Vladimir Putin delivers

Lithuania Set to Streamline Competition Legislation

Industrial dock with cranes on the quay

Trans Adriatic Pipeline Will Fuel Albanian Growth

Xanthi. Greece - July 30 2017: aerial view of construction of gas pipeline Trans Adriatic Pipeline - TAP in north Greece. The pipeline starts from the Caspian sea and reaches the coast of southern Italy

Do Your Homework First and Starting Business in Poland is Easier

Macedonia — Stepping Out Of the Shadow Of the Balkans

CEE Is Key to China’s Belt and Road Initiative

Shanghai skyline Panoramic view of shanghai skyline and huangpu river Shanghai China

Kaczyński Defends PiS Record

Bosnia and Herzegovina: Focussing on Stability and Business Climate

Sarajevo Bosnia and Herzegovina - August 23 2015. View of Miljacka River in Sarajevo city

Visegrad Group Looks East

PE and VC Investment In CEE Is At an Eight-Year High

venture capital

Croatian Salaries Are Growing in Line With Other CEE Countries

Dubrovnik Croatia emerging europe

High-Tech Park in Minsk is growing rapidly

Prospering Czechia Still Needs a Bigger Workforce

prague emerging europe

More EU Help for Belarus SMEs

GRODNO BELARUS - DECEMBER 13 2013: Seamstress in textile factory sewing with a industrial sewing machine .

Slovenia is CEE’s leader in innovation

Romania Cuts Income Tax, Introduces Solidarity Tax

CLUJ NAPOKA ROMANIA - OCT 2 2016: People on the central street of Cluj Napoka - the unofficial capital of Transylvania.

Bulgaria and Romania Get EBRD SME Boost

Startup Diversity Teamwork Brainstorming Meeting Concept

CEE-Benefits and Disadvantages of Joining the Eurozone

forint zloty euro

Bad Payers Still Causing Problems for Romanian Firms

Close up Romanian currency note, LEI or LEU, Romania

Emerging Europe Makes Great Strides in Improving Business Regulation for Entrepreneurs

Skopje Macedonia

IMF Believes State-Owned Enterprises Must Be Reformed

Image of the banknotes of new Belarusian banknotes five rubles put into circulation July 1 2016

Merkel: Albania is taking big steps forward

SEE Link — Sharing SEE Europe’s Hopes for a Brighter Investment Future

Estonia — Easy Doing Business Destination seminar in the UK

Emerging Europe Makes Some Progress on Closing Gender Gap

world economic forum gender gap report

Romanian Economy Grows Fast in 2017

Brasov cityscape panoramic and aerial view over medieval architecture of Brasov town, in Transylvania Romania

Belarus’ Economy Is Slowly Recovering From Past Declines

Poland’s Flying Circus

airport poland

Lech Wałęsa: Hard Options Can Force Nations to Get Down to Work

Ukraine to Restart Privatisation to Realise Profits

Pricatisation electricity ukraine

EU: Consumption Still Driving Growth

Budget Chaos Hits Romanian Leu

Different Romanian Lei Banknotes on the table

Georgian PM Reshapes and Reshuffles Cabinet

Giorgi Kvirikashvili

Business Standards Are High in SEE But Vary Widely

Aerial view of The Cathedral of the Assumption in Varna

Valga and Valka – Where Estonia and Latvia Work Together

Valga valka emerging europe

Estonia Leads Baltics in Cutting Sugar in Food and Drink

Fitch And the World Bank: Economic Growth To Remain Solid Within CEE In 2016

Effective Policies Have Strengthened the Georgian Economy

TBILISI GEORGIA Jul. 18 2017: Bridge of Peace is a bow-shaped pedestrian bridge a steel and glass construction over the Kura River in downtown Tbilisi capital of Georgia

‘Traditional Values’: A Potent Weapon Against LGBT Rights

gay rights putin

CEE Emigrants Could Boost Their Countries’ Economies

Londoners walking through Millennium Bridge with St.Paul's Cathedral at the background after sunset - London, UK

Nadiya Savchenko: I Dream of a Great Ukraine

Panorama of the top part of the Andrew's Descent from Castle Hill in springtime in Kiev Ukraine.

Serbia, Belarus and Ukraine Ranked Lowly by Wharton Business School

Kyiv Ukraine - April 172017: The postal square in Kiev on Podol the Dnipro river. view of the square from the river panorama

Albania’s Economy Booms Despite Political Infighting

Panorama view to the city Tirana Albania

Go East

Economic Confidence Rises Across Eurozone

Euroscepticism in Serbia: An Image Problem?

Poles Still Keen on German Jobs

Brandenburg Gate in Berlin in Germany. The Brandenburg Gate is a triumphal arch a city gate in the center of Berlin. It is one of the most known sites in Berlin.

One in Five Poles Unaware of Source of Funds for 500 Plus Programme

Plovdiv — an emerging outsourcing destination

EU Commissioner Launches Veiled Attack on Poland and Hungary

eu commission

Measure, Strengthen, and Grow

dacia brand

Chris Lowney — What Jesuit Spirituality Can Teach Us About Global Leadership

Czech Republic Raises Interest Rates

czech koruna

IMF Increases Growth Forecast With Emerging Europe Prominent

Dambovita river and center of Bucharest at sunset time Romania.

HSBC Reports CEE Growth Surge in Q3

romania national bank

Czechs Hold Emerging Europe’s Most Powerful Passport

Latvia Urged Not to Increase Expenditure As Economy Grows

Riga, Latvia - August, 2010: Panorama view from Riga cathedral on old town of Riga, Latvia

Belarus-Turkey Investment Forum to increase investment and trade between the two countries

Lithuania Wants to Bring Home its Skilled Workers

VILNIUS - FEBRUARY 25: Many people choose books at the indoor book

The Czech government attracts FDI and creates jobs

China Agrees to Build High-Tech Business Park in Serbia

BELGRADE SERBIA - SEPTEMBER 29 2016: View on the city center and the junction of Rivers Sava and Danube in Belgrade Serbia.

Larisa Manastirli: Where is Bulgaria After Ten Years in the EU?

Why Was Zapad-2017 So Important?

russian tank belarus zapad

Belarus is the most creative EEU country

Georgia Leads Emerging Europe in Ease of Doing Business Report

Belarus Introduces New Business-Friendly Auditing Procedures

MINSK, BELARUS - AUGUST 15, 2016: Aerial view of the southwestern part of the Minsk with Palace of Sport and old and new other buildings. Minsk is the capital and largest city of Belarus.

Slovenia is the CEE region’s leader in VAT collection

Sunday Trading in Poland Under Renewed Threat

All for One, and One for All


Foreigners choose Minsk and Gomel as Belarus’ most attractive FDI destinations

Growth Increase Offers Glimmer of Hope for Moldova


Polish Shoppers in Hunt for Eggs

eggs in rack

Growth Continues for State-Owned Azerbaijan Airlines

Azerbaijan Baku - September 16 2015: View of the Heydar Aliyev International Airport sign in Baku Azerbaijan. The airport is the home of Azerbaijan Airlines the national flag carrier.

Albania’s Construction Sector Supports the Country’s Growth

SARANDA, ALBANIA - MAY 18: View of the city Saranda, most important tourist attraction of the Albanian Riviera on May 18, 2017 in Saranda, Albania.

Regional News Outlets: The Real Target of Poland’s New Media Law?

poland media

Ametek opened a new factory in Subotica

EBRD Finances Small Business Support And Foreign Trade Promotion In Belarus

A Risky Evaluation of Croatia’s Economy?

ZAGREB, CROATIA - JULY 17, 2017: Square Ban Josip Jelacic with tourists and trams on a summer day in Zagreb. City of Zagreb is the capital of Croatia.

Albania is creating three free economic zones

Bulgaria: Real Estate’s New Frontier?

Slovenia Sets Green Vehicle Deadline of 2030


CEE Lags in Business Connectivity

ANIS romanian ICT

Towards a resilient Europe, strategies for the future

Baltic States to Launch Combined Capital Market

capital markets

Škoda too Strong for VW Group

MLADA BOLESLAV CZECH REPUBLIC - MAY 30: Skoda Octavia on conveyor line during Doors Open Day at Skoda Auto a.s. factory. Skoda auto celebrated 120 years since its founding on May 30 2015 in Mlada Boleslav.

Ukraine’s Q2 Growth Climbs

kyiv ukraine emerging europe

German Multivac invests €15 million near Sofia

GSA Names Ukraine as UK’s Offshoring Destination of the Year

map of ukraine emerging europe

Ukraine’s Economic Recovery: Good, But Slow

ukraine money

Still Potential for Growth in CEE as Economies Stabilise

Chickens Blamed for Romanian Budget Deficit

Two white chickens or hens inside a chicken coop or hen house seen through chicken wire.

High Real Estate Prices at Home Force Czech Investors Abroad

Construction of the Petrin lookout tower in Prague Czech Republic

IMF Urges Croatia to Speed Up Reform


EU May Offer Georgia, Moldova and Ukraine Customs Union and Schengen Access


Romanian Cabinet Reshuffled as New Splits Emerge in Ruling Party

BUCHAREST ROMANIA - MAY 25 2014: The Victoria Palace. Victoria Square.

Mayor: Armenia And Its Capital Yerevan Offer Safe Investment And Tourism To a Growing World

Romanian Car Maker Dacia Sees Sales Boom

Sables d Olonne France - May 07 2017 : Dacia Tour 2017 is a commercial operation organized by the car builder in order to present its cars throughout France - Close-up on cars

Derek Chollet: There Is a Resurgence of Supporters of the Transatlantic Relationship

white house

Kraków: Officially Emerging Europe’s Most Elegant City

Krakow. Image of Krakow Market square, Poland during sunrise.

More Brexit Fears As the UK Proves To Be A Needed Member

City of London view from Waterloo Bridge. This view includes: St. Paul`s Cathedral The Gherkin Tower 42 and Blackfriars Bridge.

Estonia Leading CEE Country in WEF Competitiveness Index

pharmaceutical factory woman worker operating production line at pharmacy industry manufacture factory

Non-Financial Reporting No Longer a Secondary Consideration in CEE

e-Estonia: Believe the Hype

The Polish Government’s Mid-Term Report: Must Do Better

Front of finance ministry in Warsaw Poland with a fountain framing the entrance. Could be used for images about Euro currency problems

Globalisation Needs to Work, Not Only for the Few but for the Most and in Demonstrable Ways

Global Spread

Latvian Deputy Prime Minister Highlights Riga’s Potential


Emerging Europe Back on Track to Convergence


Global Players Dash for Tempting CEE

dollar pound euro coin on euro background.

GE Inaugurates Its New Bucharest Software Centre

Asian Outsource Developer Team Sitting At Desk Working Laptop Computer Mobile Application Software Real Office

Moldova Launches New e-Procurement System In Search For Positive Change

Photo team work process, holding contract hand, signs documents. Account managers young crew works with startup project.New idea presentation, analyze marketing reports.Blurred, film effect, horizontal.

World Bank: Brexit Hides Greater Challenges to the European Union and the CEE Region

Romania’s Budget Deficit ‘Should Start Alarm Bells Ringing’

BUCHAREST ROMANIA - June 29 2017: Romanian Prime Minister Mihai Tudose during a swearing-in ceremony at Cotroceni palace in Bucharest capital of Romania June 29 2017.

Baltic Bank Merger May Tempt Polish Heavyweight

DNB Bank Vilnius

Košice Business Matchmaking Event Brings in Hungarians

kosice, slovakia

The Azerbaijani Laundromat: Why It Matters

azerbaijani money laundering

Retail Rents Rise Across Emerging Europe

Na Prikope Prague

Belarus Steps Up Liberalisation of Business


21st century Manufacturing Arrives at Great Stone

Great stone

New investors interested in Belarus’ Great Stone Industrial Park

Investing in Ukrainian Food and Agriculture

UK Economic Growth Slows as Brexit Uncertainty Bites

flags of UK and EU combined over icons of London - Brexit concept

CEE Tech Growth Continues: Poland and the Czech Republic Lead the Way


Poland Stays Cool on Euro Adoption

Euro cash and Zloty on one photo.

Changes Are Making Ukrainian Banking More Aligned with International Standards

Ukraine Is Offering Europe Unique Combat and Technological Experience

Budapest’s Property Boom Goes Nationwide


After Economic Shocks Armenia Plans for Macroeconomic Stability

yerevan armenia minister of finance

Lithuania Handed Top Marks for Business Services

Beautiful panorama of Vilnius Old Town taken from Gediminas hill; Lithuania

EY: Belarus’ IT Scene Is Thriving

High tech park minsk

Is Prague the New Face of Overtourism?

prague tourists

Investigations Into the Corrupt Ukrainian Fuel and Energy Sectors

Ukrainian money hryvnia. The national currency. Corruption in Ukraine

Hungary Seen as Riskiest Country in CEE


Bulgaria’s cooperation with Israel could boost the economy

Estonia Proposes Bill of Rights and Responsibilities for Robots

Robotic hand accessing on laptop the virtual world of information. Concept of artificial intelligence and replacement of humans by machines.

Western Ukraine Could Be an Entry Point into the Country

Emerging Europe to Record Positive Growth Across the Board in 2018

coins growth

Polish Labour Market Deficits Are Impacting All

Construction site with crane and building. Construction site in western europe - in Poland.

TV Still a Star for CME

Young Georgians Make Their Mark at Emerging Europe-EBRD Event

maximilien lambertson at emergeing ebrd outlook on georgia

Doing Business Across Eurasia Could Be Easier

Eurasia emerging europe schneider group

IMF: Institutions Key to Sustainable Growth


Industrial Production Prices in New Increase


Kosovo: A Population of Talented Young Entrepreneurs Waits at Europe’s Door

Revenues Of Bulgarian IT Companies Have Sextupled In the Last Decade

Montenegro Accelerates Legal Reform

montenegro law reform

Poland Fails to Spend Billions of Euros in EU Funds

euro banknotes

Azerbaijan, Georgia, Turkey Launch New ‘Silk Rail’ Link

Serbia Drafts New Competition Law

serbia belgrade flag

Economy builds bridges in Mostar

EconMin: Bulgaria — Number One Outsourcing Destination And an Island of Stability in Europe

Baltics Seek Lockstep With High Tech States

Euro money: Macro view of euro coin and bill. Suitable for financial, monetary, euro or European Union concepts and ideas

Lviv Is the Pearl and the Soul of Ukraine

Continental Launch Largest Ever Lithuanian Greenfield Investment

kaunas lithuania

Ukraine’s Finance Ministry Wants Urgent Tax Reform

Czech Election Result Could Delay Euro Adoption Until 2025

czech banknotes nominal value two and five thousand crowns on white background. 300 000 Kc is approximately 12 450 US dollars (USD) or 11 100 Euro (EUR)

CEE Nation Brands Still Behind Western Counterparts

TALLINN ESTONIA- JUNE 17: View of the modern high rise buildings on border with an old part of the city on June 17 2012 in Tallinn Estonia

Lviv Region in Double Logistics Boost

goods train logistics

CEE Boosted by Positive Tourism Trends Across the Region

cruise ship in Kotor Bay Montenegro. Aerial view panorama. Kotor bay Montenegro.

ICT Growth Continues to Boost Bosnian Economy

ict, it

Poland’s Q2 2017 Growth Is Stronger Than Expected

WARSAW, POLAND - MAY 07, 2016: Building Palace of Culture and Science among the modern buildings of the city

Warsaw Rising: The Polish Capital’s Skyline Gets Even Taller


World Bank’s Doing Business Report 2016 Resume For Emerging Europe

Ukraine to Make New Privatisation Push

Poland’s Business Constitution Must Be Finalised

Front of finance ministry in Warsaw Poland with a fountain framing the entrance. Could be used for images about Euro currency problems

Lithuania Gives Innovation a StartUp

MILAN ITALY - MAY 2: People visit Lithuania pavilion at Expo universal exposition on the theme of food on MAY 2 2015 in Milan.

The Reality in Romania Exposes False Perceptions Of The Country

Leave a Reply

Your email address will not be published. Required fields are marked *