28 Apr 2023
Readen Holding Corporation (OTC Pink: RHCO) Announces the Launch of All New Readies 3.0, an eVoucher Payment System Utilizing Blockchain Technologies
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.”