KBL Introduces RemitBloc - a Transformative Digital Asset Management Platform for the Global Economy
RemitBloc launched this week in its beta phase. Company execs say the product reinvents the way assets are used and moved across borders to solve for the access challenges of today's digital tools.
SALT LAKE CITY, Dec. 9, 2020 /PRNewswire-PRWeb/ -- KnowByLity – a leader in development of custom mobile and desktop platforms as well as customer experience platforms - this week announced the launch of RemitBloc in its beta phase. Company execs say the product reinvents the way assets are used and moved across borders to solve for the access challenges of today's digital tools.
RemitBloc is a global remittance platform that empowers transfer of digital assets across borders via an all-in-one money moving management platform based on Stablecoins. Stablecoins are said by industry experts to be the next step of the digital asset industry's development and one of the most powerful assets that a Distributed Leger Technology (DLT) network can offer. RemitBloc uses Blockchain and Stablecoins in tandem with its own Proprietary Exchange - complemented by an employee and leadership team with decades of banking, tech and finance expertise.
It securely and compliantly automates processing of digital payments in real-time and allows for a peer-to-peer payment system via its proprietary exchange thereby eliminating intermediaries to improve the customer experience and reduce costs.
"RemitBloc was built for the global economy and supports financial inclusion for consumers and businesses alike. Our mobile platform is unique in it eliminates the time-wasting, budget-busting inefficiencies of today's digital asset tools," explained Steven Foster, founder and CEO. "Users can spend and manage currencies instantaneously from a user-friendly dashboard at less than half the average cost without the all too typical worries about fraud and security breaches in our niche."
According to Foster, RemitBloc cuts asset transmission time from industry averages of three to seven days down to hours, or in most circumstances, transfers are in real time. Its proprietary Exchange to enable speed and efficiencies. At the same time, he says the platform has reduced fees from the industry average of seven percent down to two and a half to three percent and by using Stablecoins, pricing volatility of cryptocurrencies are minimized for significant cost-savings.
Some of the features of RemitBloc include:
- RemitPlus for pairing wallets to securely send money / Stablecoins in any amount, anywhere in the world
- Smart Contracts for secure transactions globally
- Send and receive e-Money peer-to-peer globally in real time
- Withdraw eMoney in foreign currency
- Cash Waiting, lets users receive money at any ATM in minutes.
- Deposit and withdraw FIAT to e-Money
- Convert cryptos to other cryptos and buy or sell crypto in real time
"Our all-encompassing money moving and management platform not only makes good financial sense, but brings people and businesses from all corners of the world together for stronger economies," added Foster. RemitBloc promises to help advance global adoption of crypto-currencies and support the advance to a cashless society so that financial inclusion is a given for consumers and businesses alike.
About KnowByLity:
KBL offers comprehensive mobile and desktop platforms tailored to clients' varying needs along with customer experience platforms. Its software solutions ensure white label programs are rich in features and functions, simple to use, graphically appealing, and above all else, compliant with all financial services' regulatory requirements. For more information on KBL and its solutions, please visit http://www.kblholdings.com.
Media Contact
Gretchen Miles, KnowByLity, 00.1.844.925.5389, [email protected]
SOURCE KnowByLity
Share this article