Home AI Reltime’s Web3 Global Financial Ecosystem Changes the Game of the $7.5 Trillion Forex Market

Reltime’s Web3 Global Financial Ecosystem Changes the Game of the $7.5 Trillion Forex Market

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Reltime’s Web3 Global Financial Ecosystem Changes the Game of the $7.5 Trillion Forex Market

Source: news.google.com

No exchange fees, no gas charges, and best of all, no commissions!

NORWAY, December 7, 2022 /EINPresswire.com/ — Reltime today announces the successful launch of the first digital fiat currency exchange within the world’s first Web3 financial ecosystem. This revolutionary new Reltime FX service is now offered to current and future Reltime B2B2C partners. The initial fiat currencies that can be traded are NOK, SEK, DKK, EUR, USD, JPY, GBP, AUD, CAD, CHF, CNH, HKD, and NZD.

In the first quarter of 2023, Reltime plans to introduce additional coins to be traded via layer 1 of the Norwegian fintech’s proof-of-authority blockchain, with no swap fees or gas and commission charges, and with a speed transaction and settlement time of less than three seconds.

Reltime’s innovative solution has been created especially for its partners on all continents, including telecom operators, financial service providers focusing on specific target groups, neo-banks, challenger banks, digital branches of established banks , virtual sports metaverse companies, supermarket chains and shopping malls. , e-commerce companies and others with a large customer base.

Reltime FX is available in the company’s all-in-one financial super app anytime, anywhere, to anyone in the world. Reltime enables end users of its Web3 global financial platform to trade digital fiat currencies in real time and in full compliance with current digital asset regulations (Politically Exposed Persons (PEPs), Anti-Money Laundering (AML), low cost, proprietary electronic Know Your Customer (eKYC) and regulatory radar).

“Having developed our own layer 1 Proof of Authority Web3 financial ecosystem, Reltime has been continually releasing pioneering solutions tailored to the needs of our trusted B2B2C partners,” says Peter Michel Heilmann, CEO of Reltime. “Their customers have been able to trade any type of digital assets, such as BTC and ETH, within their Financial Super App, free of charge. As a natural evolution, end-users can now trade 13 digital fiat currencies, while in the next phase, Many other coins will be added to the platform.”

With Reltime FX, anyone around the world can benefit from:
A) seamlessly and instantly (in real time) exchange as much money as end-users want or need, either within your Financial Super App or with other users of the platform;
B) without commission charges, exchange rates and gas of any kind;
C) Reltime is not a forex broker.

Overall, turnover in the over-the-counter (OTC) foreign exchange markets averaged $7.5 trillion per day in April 2022, a volume 30 times greater than daily global GDP and 14% higher than at the beginning of 2019, according to BIS. Quarterly Review, “The Global Forex Market in a Higher Volatility Environment,” published this month (https://www.bis.org/publ/qtrpdf/r_qt2212f.pdf).

Reltime FX, FastTrack to Web3 (banking as a service) and FastTrack to Embedded Finance

Reltime FX can be connected to our FastTrack to Web3 and Embedded Finance solutions, which can be white labeled. Solutions include:
1. Single window
Yo. A single platform for B2B2C and OpenAPI partners;
ii. Reltime sets up everything from the next generation Super App with unique features, back-end, customer care and tech support, and more;
iii. add-ons for virtual and physical cards, as well as Google and Apple Pay (in the first quarter of 2023);
IV. Connect to Reltime’s global network of trusted partners who offer specialized value-added services.

2. Benefits of the new Reltime FX service
Yo. No exchange fees, gas or commissions;
ii. Faster: in seconds, 24/7/365;
iii. No middleman involved.
IV. Once the currency exchange has taken place, end-users can send their fiat currency to others anywhere in the world via QR code, mobile phone number, email, wallet address or IBAN/ACH;
v. Self Custody – Multiple digital trust accounts can be maintained without any third party in your own Reltime Web3 wallet.

About Reltime
Headquartered in Oslo, Reltime has built the world’s first Layer 1, Proof of Authority, Web3 global financial ecosystem. Reltime is a purpose-driven technology company delivering cutting-edge integrated finance and Web3 Banking-as-a-Service solutions to B2B2C partners around the world.

Reltime leads a growing global family of individuals, merchants and businesses, large and small, taking back control of their finances, identity and assets in a whole new way. Putting financial power directly in your hands in a decentralized, seamless, real-time, and low-to-no-cost manner, Reltime dramatically reduces the cost, speed, and hassle of financial transactions.

End users of Reltime’s B2B2C partners can move, lend, borrow, earn, trade (Reltime FX), bet, be rewarded (loyalty), interact, transact and do more with money in a few seconds, without go through the intermediary.

Reltime was recently featured in the film “Fintech for Good”, co-produced by FINTECH Circle and ITV Business: https://www.youtube.com/watch?v=Xp6o0W81_S0.

Reltime is #MoreThanMoney.

Seeing is believing: To book a (virtual) live demo of how Reltime FX and the global Web3 financial services platform work, contact: pm@reltime.com.

Website: https://www.reltime.com
Pitch: https://www.reltime.com/pitch
White Paper 5.0: https://www.reltime.com/whitepaper
LinkedIn: https://www.linkedin.com/company/reltimedefi
Telegram: https://t.me/reltimedefiecosystem
Twitter: https://twitter.com/reltime_rtc

For media or other inquiries, please contact:

Cornelia S. van der Laak
real time as
+47 407 69 988
email us here

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