Blockchain
Reltime launches its revolutionary blockchain and ecosystem globally
Reltime launched its revolutionary global decentralised financial (DeFi) ecosystem today, with over 10,000 people signing up on www.reltime.com.
To celebrate this milestone, Reltime organised a virtual Global Launch Party on Monday morning in the presence of CEO, founder and inventor Frode van der Laak and many of Reltime’s first movers.
Reltime is the first blockchain company to have created a unique global platform from scratch, including and offering borderless joint accounts to its users world-wide. Reltime has developed a next-generation, hybrid financial technology and DeFi ecosystem on top of its permissioned, PoA (Proof-of-Authority) blockchain.
Reltime’s personal and business users are able to benefit from highly-secure, transparent and fast transaction speeds of 2-3 seconds on average, utilising dApps, smart contracts and other Reltime features such as guaranteed, automatic collateral. Unlike many banking and fintech industry players, the company cuts out the middleman for all its financial services offered on the Reltime platform.
Commenting on the global launch, Frode van der Laak said: “We are excited to have launched our platform today, giving Reltime’s users the opportunity to be totally in charge of their own financial services within our ecosystem. Later this month, Reltime will roll-out its services in over 130 counties. Instead of using SWIFT and traditional lending platforms, Reltime is available 24/7/365, allowing personal and business users to interact and transact without any time constraints, and earn on interest).”
Reltime’s beta app for iOS and Android currently includes:
- almost gas-free transaction fees;
- very easy to send and receive funds to users’ phone contacts;
- settlement time of between 2-3 seconds, on average;
- Reltime users can offer loans to the Reltime marketplacewith collateral and limited lending risk;
- peer-to-peer lending and borrowing, whereby users themselves are able to set their own terms, interest rate and collateral (with or without).
- users having full control over Reltime’s services and with whom they wish to interact and communicate;
- creating joint accounts between two or more users globally and being able to manage the accessibility of such accounts in relation to withdrawals and deposits;
Reltime has created a digital asset called RTO (Reltime Oxygen), which is a stable coin used within the ecosystem.
The firm has listed the RTC token, which plays an important role in Reltime’s ecosystem operation. Benefits for RTC owners include:
- by holding the token, owners can benefit from an Interest reduction if they borrow from anyone within the Reltime ecosystem;
- receiving dividends on ecosystem earnings, such as transaction and gas fees, interest payments, business-to-business and openAPI services as well as other future revenues.
During Reltime’s Global Launch Party, Reltime’s CEO announced two additional RTC listings, on P2PB2B and INDOEX. Reltime has already been listed on BitMart and CoinTiger since November and December 2021, respectively. The company successfully carried out an initial exchange offering (IEO) in October 2021 on BitMart.
Each and every newly-registered Reltime user will receive a welcoming reward of RTC 1,000. In addition, Reltime offers a RTC 500 referral reward to users for signing up their friends and family.
Reltime for developers
Reltime’s OpenAPI can be used by developers to build their own dApps on top of the Reltime blockchain.Additional features and services will be introduced later this year, such as:
- the Reltime biometric payment card (anticipated in the third quarter 2022);
- launching digital financial services for several metaverse platforms (anticipated in the fourth quarter 2022);
- DeFi FX exchange, Reltime’s swap service (a truly cost-reducing micro exchange between different digital assets);
- a NFT marketplace as well as a number of other dApps on the Reltime blockchain; and
- Whitelabelling of Reltime’s applications.
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Blockchain
This Week in Finance News: 11 Stories You Need to See
With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
- Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few. - Cardinal Health announces two strategic additions to its portfolio
Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash. - BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems. - Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
“I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands. - Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately. - PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
- Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
- Finaya Unveils Nationwide Homeownership Platform
From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient. - GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too. - GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics. - Most US shoppers are encountering generative AI while shopping without realizing it
A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.
For more news like this, check out all of the latest finance-related releases from PR Newswire.
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