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Meria: ‘You can stake your $ETH…directly on-chain via our interface’

Markets

Meria CEO Owen Simonin | meria.com

By Crypto Republique

Aug 16, 2024

Meria, a financial services company based in Metz, announced that users can stake Ether (ETH), the second-largest cryptocurrency after Bitcoin in terms of market capitalization, through their platform. Meria shared its statement in a July 30 post on X.

"Created on July 30, 2015 by @VitalikButerin, Ethereum is the 2nd most capitalized crypto on the market and a pioneer in our eco-system," said Meria. "Ether is not just a digital currency, it is a decentralized platform that allows the creation of smart contracts and decentralized applications (dApps). You can stake your $ETH on http://meria.com, or directly on-chain via our interface."

According to Coinbase, staking crypto is "a way of earning rewards while holding onto certain cryptocurrencies." Only certain cryptocurrencies allow staking, including Ethereum, Tezos, Cosmos, Solana, Cordana, and others. Crypto earns rewards when staked because the blockchain puts it to work through a mechanism called "Proof of Stake," which is a way to ensure that "all transactions are verified and secured without a bank or payment processor in the middle."

Meria CEO Owen Simonin | meria.com

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Several crypto companies have found a home in France to grow the crypto industry. According to a report by Coindesk, "crypto companies… have been offered a welcome in France, by officials boasting a regulatory framework that offers relative predictability." The Secretary General of the Autorité des Marchés Financiers (AMF) told reporters, "In France, we are proud to be pioneers."

Meria is a France-based cryptocurrency assets company started in 2017 by Owen Simonin. According to the firm's website, Meria has been actively contributing to the development of the French-speaking crypto asset landscape since its beginning. "Since 2017, our mission is to make cryptoassets investment accessible to everyone," said Simonin.

Organizations Included in this History

Almeria Middle School

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