OSLO, Norway, Feb. 9, 2022 /PRNewswire/ -- Reltime PoA BaaS Ecosystem just received their crypto license in El Salvador to be able to hold digital assets for their client.
Reltime.com, a Norwegian and Salvadorean-based challenging BaaS provider is the first of its kind to accomplish that status, what now is "textually considered" a Bitcoin provider for the Republic of El Salvador in the registry of The Central Bank of El Salvador. Reltime is very bullish and supportive of the movement of El Salvador.
The Regulations of the Law establishes that Reltime has license to provide for itself or for third party services such as custodians, exchanges, payment processors and wallets.
In accordance with the Regulations of the Law, the following services can be provided by Reltime:
Reltime provides digital banking as a service 'BaaS' to B2C and B2B with its proprietary eKYC, Joint Accounts, multi-currency deposits and a peer-to-peer borrowing and lending ecosystem. All of these features are running in its own blockchain using PoA (Proof-of-Authority) consensus algorithm to provide state of the art financial grade performance. Since Reltime is a dApp using its DLT, all of its functionalities are atomically available to build new dApps for tailored, white labeled solutions for financial institutions including biometric cards.
"Incorporating in El Salvador to support the Bitcoin movement was a no brainer for Reltime and it has already paid off. Reltime is the first Norwegian company that will provide to its full capacity many innovations to the financial sector of El Salvador, now that our Bitcoin license has been approved. We are building a special BTC focused adaptation of Reltime for El Salvador - but Reltime aims to provide a full spectrum of Neobank capabilities to the nation and more alternatives to BTC as the nation sets to embrace other cryptocurrencies. Reltime has big plans in El Salvador, and this is just the tipping point" ? Frode van der Laak ? Founder, Inventor and CEO of Reltime AS .
Reltime is also listed at Bitmart and CoinTiger and aims for a Pre IPO in Fourth Quarter of 2022 and IPO in First Quarter of 2023
Bitmart: https://www.bitmart.com/trade/en?symbol=RTC_USDT&layout=basic
CoinTiger : https://www.cointiger.com/en-us/#/trade_pro?coin=rtc_usdt
Join Reltime's community and be part of this exciting PoA and Ecosystem
Telegram community: https://t.me/reltimedefi
Linkedin: https://www.linkedin.com/company/reltimedefi
Twitter: https://twitter.com/Reltimedefi
Facebook: https://www.facebook.com/reltimedefiecosystem/
For more information, please visit their website at:
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SOURCE Reltime AS
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