Readen Holding Corporation (OTC PINK: RHCO), a Venture Capital Corporation with a focus on the Fintech, Online Payment, and E-commerce sectors, today announced the forthcoming launch of Readies 3.0. This new version of the Company's eVoucher payment solution incorporates blockchain technologies and is scheduled for release next week.
Readies is an eVoucher payment system developed and operated by Ares Technology Limited, a subsidiary of RHCO that also owns Neckermann Direct and Two Percent, two E-commerce businesses. Since its initial launch in late 2021, Readies has gained popularity among online merchants across Europe. As more merchants are being classified as high-risk businesses by traditional credit/debit card issuers, they face challenges in utilizing these payment methods and require alternative payment solutions. Readies has emerged as a safe and convenient payment platform that caters to the needs of both merchants and customers.
Readies 3.0 represents a significant upgrade to its predecessor, featuring a user-friendly platform and a secure system that leverages the potential of blockchain technologies. In the new system, Readies operates as a BEP-20 token created on BNB Smart Chain (BSC). By harnessing the power of blockchain, the new platform fosters trust among various stakeholders, including merchants and customers. Moreover, the utilization of blockchain technologies enhances the security of payment transactions by generating an immutable record of each transaction with end-to-end encryption. This effectively eliminates fraudulent activities and unauthorized access. Additionally, Readies 3.0 addresses privacy concerns more effectively than conventional payment systems, as all transaction data remains anonymous, and access is restricted by permissions.
Despite its use of advanced blockchain and cryptocurrency technologies, Readies 3.0 has been designed to be incredibly user-friendly. Merchants and customers alike can utilize Readies platform with ease, without requiring any specialized knowledge of blockchain or cryptocurrency. The platform presents Readies as a simple eVoucher, with 1 Readies always being equivalent to 0.1 EUR. In addition, to ensure a seamless experience for all users, Readies 3.0 system bears the gas fees for all transactions on the blockchain. Basically, customers do not have to pay any fee on their transactions.
With an easy sign-up, customers can purchase Readies online with a maximum limit of 800 EUR. They can then utilize them for transactions on integrated merchants' sites. Optionally, a full KYC process allows customers to own a wallet, where they can top up Readies multiple times. This payment solution is particularly beneficial for merchants, especially those in high-risk businesses that are unable to accept traditional credit/debit cards.
Readies differentiates itself from competitors by offering merchants lower payment fees and faster payout times. With the addition of enhanced features and advanced security provided by blockchain technologies, the Company anticipates a substantial increase in the number of merchants and customers utilizing Readies. It is projected that in 12 months, Readies will generate between 50M to 100M EUR in revenue per month, with an average profit margin of 1% to 2%. This level of performance would make Ares Technology Limited the largest subsidiary within RHCO.
Richard Klitsie, CEO of RHCO, stated, “Our Readies eVoucher payment solution has been well received by merchants and customers alike, owing to its reduced payment fees and faster payout times compared to competitors. In the past year, Readies has contributed significantly to the Company's revenues, which is a testament to its efficacy. We continued to improve Readies, investing more than 10 months to develop Readies 3.0. With its launch, we anticipate even more benefits for merchants and customers, which will drive increased adoption of Readies as the preferred online payment method. We are confident that Readies will experience significant growth, further cementing our position as a market leader in the Online Payment and E-commerce industries.”
Readen Holding Corp. (www.readenholdingcorp.com) is a publicly traded Venture Capital Corporation, with major holdings in the Fintech Industry and has been increasing its investment in E-commerce and E-payment sectors, such as;
OkePay: www.okepay.biz
OkePay VPOS: www.okepay.biz/vpos
Oke Partners / OkeApp: www.okepartners.com
Oke Travel Club: www.oketravelclub.com
OkToken: oktoken.biz
Readies: www.readies.biz
Neckermann Direct: www.neckermanndirect.eu
Two Percent: www.twopercent.hk
Fligro: www.fligrofood.com
RHCO is a diversified holding company, with an operating history of over 30 years, which seeks opportunities to acquire and grow businesses that can generate long-term sustainable free cash flow and attractive returns, in order to maximize value for all shareholders. RHCO has subsidiaries and liaison offices in Europe and Asia.
For further information please contact RHCO at info@readenholdingcorp.com
or +852 3950 5911
The RHCO corporate email address is info@readenholdingcorp.com
The RHCO corporate website can be accessed at www.readenholdingcorp.com
The RHCO Twitter account can be accessed at https://twitter.com/readenrhco
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Readen Holding Corp. to accomplish its stated plan of business. Readen Holding Corp. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward- looking statements included herein, the inclusion of such information should not be regarded as a representation by Readen Holding Corp. or any other person.
Contact
Readen Holding Corp.
info@readenholdingcorp.com
+852 3950 5911
Readen Holding Corp., RHCO announcement