Oslo, Norway / Reltime’s Proof of Authority Blockchain along with its decentralized banking ecosystem will launch in the 2nd quarter of 2022. Reltime has announced it will be the first blockchain company to bring borderless joint accounts and peer to peer loans to its end-users.
Currently, Reltime is listed on Bitmart and CoinTiger. Reltime is also on track to conduct two more IEOs in the near future: one at P2PB2B, and the other at IndoEx, both with the ticker RTC.
Reltime was founded by a team in Norway, El Salvador, Canada, and India. Reltime started out as a project at King’s College London in 2018. Built on trust, performance, and security, the Reltime DeFi (Decentralised Finance) Ecosystem is owned, backed, and supported by the world’s leading financial partners, such as TAG Systems and FSS Tech.
Reltime envisions building a permissioned blockchain with its own decentralised banking ecosystem. Reltime will empower anyone with an Internet connection to engage in advanced financial activities such as peer-to-peer (P2P) borrowing and lending, currency exchange, and domestic and international transfers—all with no fees. The initial launch is scheduled to take place in Brazil, Europe, India, Japan, and Mexico by the 2Q of 2022. Reltime expects to have a global reach for its services by the 4Q ofthe same year; its goal is to do the IPO during the 1Q of 2023.
With its decentralised infrastructure for borderless payment processing, Reltime aims to become a leading full-service digital finance platform with its own stable currency, making SWIFT/IBAN unnecessary for fiat transfers.
The Proof-of-Authority protocol
Reltime is also developing a sophisticated, proof-of-authority (PoA) protocol to deliver payments, instant settlement, and free transactions globally between users based on identity. Reltime’s goal is to reconstruct the banking system as a de facto decentralised platform that is automatic and compliant with regulations. A subsidiary is being established in El Salvador as well (operational in January 2022).
Reltime aims to redefine the state-of-the-art blockchain technology used in tenant and microtransactions and to bridge the traditional financial market and cryptocurrency market using its platform. Today, people are one step closer to complete independence from banking systems. Anyone can build a DLT based service from the Reltime Open API.
Reltime offers Plethora of Services
Reltime projects include mobile applications, free P2P transfer, joint account, lender and borrower interface, where the Lender can customize a loan offer and establish a smart contract to any borrower in the phone contact list. It also includes Marketplace for Borrower with Collateral, a micro-Swap exchange, and DEFI Sandbox, in the end, a comprehensive banking platform controlled by the end-users. Users can review the introduction here, where Reltime also presents the MVP of the service:
Reltime aims to bridge the traditional financial market and the cryptocurrency market using their platform. By doing this, Reltime aims to be a leading DeFi product in driving mass adoption of blockchain technology and accelerating the growth of DeFi. Problems associated with DeFi have been about the complexity of the current DeFi products and the need to be tech-savvy to understand the DeFi landscape fully. Reltime plans to ease the barrier of entry into DeFi and has worked on the project for several years.
Reltime has partnered with several key players in the industry to fulfill the full scope of the deliverable to the users. From License/BIN/EMI, Checkout, Deposit, Biometric Card, and Development. The Reltime team has raised money to fulfill the project, both from the founders and partners. The aim of listing at the exchange is to bring Reltime’s services to the global market and the users in the crypto market. At the same time, all Token holders will be invited to the PreIPO in the 4Q of 2022.
The ecosystem will be open for anyone, both from the financial industry, developers, and distributions. DEFI and Financial systems are all about mathematical calculations. Reltime sees massive potential in the listings, to attract investors and most importantly: find global partners that can bring the Ecosystem of Reltime to the mass market. “We really look forward to the future, informed the CEO Frode van der Laak.”
Source: Reltime AS