Reltime, an Oslo, Norway-based global Layer 1, Proof of Authority Web3 financial ecosystem, signed a USD 50M strategic investment partnership with GEM Digital Limited, a digital asset investment firm based in The Bahamas.
GEM Digital’s commitment provides Reltime with the opportunity to scale up following years of Research and Development (R&D), while bolstering its activities in 150 countries and taking the company to the next level.
Invented by Frode van der Laak, and led by Peter Michel Heilmann, CEO, Reltime is a global, Layer 1, Web3 financial ecosystem that empowers people and businesses world-wide to take back control of their finances. Members are able to send, receive, withdraw, deposit, borrow, lend, earn, swap, interact, transact and open joint accounts within and outside the Web3 financial ecosystem in 150 countries. They can also create their own ecosystem within the platform. In addition, the company offers white-labelled B2B2C and Web3 embedded finance solutions to partners around the world. Individual developers and tech companies are encouraged to create applications into Reltime’s Web3 financial ecosystem, utilising OpenAPI, decentralised applications (dApps) and smart contracts.
Reltime will soon commence the off-net integration of its physical, biometric and virtual cards, e-money, BIN and IBAN (SWIFT, SEPA and Faster Payment System (FPS), UK).
The company has listed its RTC token on several global digital asset exchange platforms, including BitMart and CoinTiger, and has subsidiaries in Norway (Conax Technology AS, established in January 2010), Lithuania and El Salvador.
FinSMEs
27/07/2022