Reltime AS has announced the upcoming launch of its next version of non-custodian wallets and Web3 platform, signaling a significant advancement in global digital finance. The company was recently honored with the esteemed Nordic Innovation Award for Best AI & Web3 Fintech in May 2023.
According to Bishwajit Choudhary, Chief Commercial Officer at Reltime, the company is committed to democratizing and decentralizing global digital finance, emphasizing transparency and security. The non-custodian wallets offered by Reltime provide end-users with their own private keys, granting them full control and access to their digital assets, such as money, reward points, and loans. This enables seamless transactions with other users worldwide, 24x7x365. Notably, Reltime distinguishes itself by allowing users to recover their wallets in the event of password loss.
The company ensures that neither Reltime nor its B2B customers/partners have access to the digital assets stored in these wallets, although strict control measures are implemented to comply with anti-money laundering (AML) regulations. Non-custodian wallets play a pivotal role in the decentralization and democratization of digital finance, guaranteeing security, transparency, and trust.
In addition to the non-custodian wallets, Reltime’s groundbreaking Web3 platform offers frictionless payment, lending, loyalty, and remittance solutions. It further empowers its customers, including telecom operators, retail chains, financial institutions, and neo-banks, to develop and deploy their own digital applications globally. Reltime has developed a unique Layer-1 Proof of Authority blockchain model with zero transaction fees. By utilizing mobile phones as trusted nodes, the Oslo-based company underscores its dedication to leveraging blockchain innovation while maintaining superior performance, security, and trust.
Reltime’s Web3 platform serves as the ultimate resource for entities seeking to implement next-generation digital applications and e-commerce. Utilizing smart contracts and decentralized applications (dApps), the platform serves as a truly advanced digital financial services platform capable of meeting the complex requirements of the modern world. Bishwajit added that the platform equips financial institutions, tech companies, and digital innovators with the necessary tools to redefine their service offerings and deliver a superior user experience.
Reltime’s ambitious mission is to construct a more inclusive, transparent, and secure digital finance ecosystem. With its latest developments, the company is well-positioned to accelerate the pace of this transformative journey.