21 Jun 2023
Readen Holding Corporation (OTC Pink: RHCO) Announces the Acquisition of Finexeble S.R.O., a Czech Republic Company with a Crypto License
Readen Holding Corporation (OTC PINK: RHCO), a Venture Capital Corporation with a focus on the Fintech, Online Payment, and E-commerce sectors, today announced that it has acquired Finexeble S.R.O., a prominent Czech Republic-based company specializing in cryptocurrency services.
Finexeble S.R.O. holds a coveted crypto license granted by the regulatory authorities in the Czech Republic. This license allows the company to provide a wide range of services related to cryptocurrencies, including trading, exchange, and custody. As part of the acquisition, RHCO will leverage Finexeble S.R.O.'s expertise and established network to enhance its existing suite of online payment solutions Readies.
Readies is an advanced payment system developed and operated by Ares Technology Limited, a 100% subsidiary of RHCO. RHCO also owns subsidiaries OkePay and Oke Partners which are active in different areas of the Fintech industry. The latest version of Readies (Readies 3.0) incorporates blockchain technologies and operates as a crypto token for the payment industry. 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. Readies will be issued and sold for a fixed value, as 1 Readies is always equivalent to 0.1 EUR.
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. Readies also differentiates itself from competitors by offering merchants lower payment fees and faster payout times, thus it has gained popularity among online merchants across Europe. 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. Readies 3.0 will represent a 10x growth in revenue for Ares Technology within the next 12 months of operation. Its main customers are from the Gaming, Gambling, Adult Entertainments, and Food Supplements industries.
This acquisition of Finexeble S.R.O. is a strategic move of RHCO to position itself as a leading provider of integrated services, offering clients seamless access to an online payment ecosystem. With the regulated crypto license and the expertise of Finexeble S.R.O., RHCO is poised to explore Readies’ potentials, unlock new opportunities and provide innovative solutions to clients across the globe. It aligns with RHCO’s long-term strategy to diversify its offerings and capitalize on emerging trends in the fintech sector.
Richard Klitsie, CEO of RHCO, stated, “This strategic move reinforces RHCO’s commitment to driving innovation in the fintech sector. We always recognize the transformative potential of cryptocurrencies and the underlying blockchain technology, and this acquisition not only allows us to further develop Readies, but also explore other opportunities to position us to be one of the leading companies globally in the industry.”