Oslo, Norway, January 6, 2022 (GLOBE NEWSWIRE) – Reltime is ready to launch its initial exchange offering on two platforms P2PB2B and IndoEx. The Reltime DeFi ecosystem is a global financial service fully controlled by end users. Reltime was founded by a team in Norway, El Salvador, Canada and India. Reltime started as a project at King’s College London in 2018. Built on trust, performance and security, the Reltime DeFi (decentralized finance) ecosystem is owned, supported and supported by the world’s leading financial partners, for example , TAG Systems and FSS Tech will help bring the platform to the mass market.
Reltime offers direct P2P and M2P lending, borrowing, free remittance, and joint account services to users, and they are backed by industry experts around the world. The ecosystem creates its own Reltime PoA (Proof of Authority) protocol, which is a blockchain technology that enables faster transactions using an identity-based consensus process. Reltime has been developing the platform with the help of global organizations since 2018 to deliver the service as the first true banking offering based on smart contracts and blockchain-based dApps.
FRODE VAN DER LAAK is the inventor of the PoA and the Reltime ecosystem. Frode, with a Masters in Software and Systems Security from the University of Oxford, an MPhil from the Faculty of Natural Sciences and Mathematics, and a pending PhD. from King’s College London in DLT. He brings tremendous value to the Reltime team by connecting the distributed ledger to user efficiency interests, as well as inventing patents and patents pending to promote convenience in a telecom and DLT environment. Have filed more than 15 patents. Reltime will go public on a regulated stock exchange, where it will continue to develop new innovations, file patents and integrate new technologies. Reltime will distribute investor funds based on escrow and investor workshop evidence. This workshop is part of Reltime’s request for feedback from investors interested in being a part of this revolutionary invention.
Reltime brings cutting edge technology to Defi
Reltime intends to revolutionize cutting-edge Blockchain technology used in rental and microtransactions. The Reltime Proof of Stake âRPoSâ consensus method will provide a decentralized public ledger that is open, scalable, and rapid. The protocol aims to take advantage of the structural qualities of the blockchain to solve the problem of the orphan rate. The ability of RPoS to survive this difficulty and therefore increase scalability depends on additional rules provided to deal with transaction consistency as well as any other design decisions made.
Based on building blocks, the multi-tenant protocol established under the protocol will be simple to adopt en masse. Nevertheless, to be approved by the industry, it must be able to support industry standards, such as Mastercard MCBP.
The Reltime platform provides a variety of services to its users, including low-cost cross-border transactions, peer-to-peer loans where the lender sets interest and terms, payment cards, integrated financial services that provide payments snapshots, expense info, instant loan, zero transaction fees, open APIs, etc. Reltime has partnered with Accubits Technologies, one of the leading blockchain development companies in the market, to create its blockchain components. After the completion of the Reltime Security Token (STO) offering in October 2021, the ecosystem is expected to start in the second quarter of 2022. Reltime is also working on the development of an identity and biometric card for the mass market. .
Real-time loans and key services
Reltime lending is a peer-to-peer lending platform that allows users of the Reltime app to borrow money from other users. Instant loans backed by crypto assets provide users with short-term liquidity. Users can borrow money from other users by submitting collateral in fiat or cryptocurrency. Borrow fiat or cryptocurrency as collateral. Until the borrower repays the borrowed amount plus interest to the lender, the submitted collateral will be blocked. Reltime allows lenders to publish their RTC tokens on the platform and receive interest payments from borrowers.
Reltime uses advanced DLT technology to provide a DEFI payments ecosystem for B2B and B2B2C transactions worldwide. Reltime’s mission is to rebuild the banking system as a de facto decentralized, automated and regulatory compliant platform. Users can transfer money from one account to another in minutes with minimal transaction fees with Reltime Money Transfer.
The transaction is backed by a stable currency RTC. Suppose a sender in the United States wants to send money from their account to a recipient in India. In this case, the sender can use the Reltime mobile app to purchase RTC Stable Coins and transfer them to the recipient’s wallet. The recipient can convert the RTC tokens they have received into their own money. They are able to complete the transaction within minutes for a small cost.
To learn more about Reltime, visit Reltime.com
Telegram channel: https://t.me/reltimedefi
Telegram Group: https://t.me/reltimedefiecosystem
Company: Reltime AS
Email: [email protected]
THE SOURCE: Reltime AS
The information provided in this press release is not investment advice, financial advice or business advice. It is recommended that you exercise due diligence (including consulting a professional financial advisor before investing or trading in securities and cryptocurrencies).