Dear ABCC users:
ABCC has now added new cryptocurrencies, RTE, for trading. This has increased our trading pairs to include RTE/BTC and RTE/ETH. More cryptocurrencies and trading pairs are coming soon.
Today’s e-commerce system is imperfect with high processing fees, poor exchange rates, chargeback risks and frauds, opaque consumer reward schemes and a poor credit assessment for those who need it the most.
RTE can make it better through tokenization. The Rate3 Dual Protocol is a decentralized protocol for cross-border payment and credit scoring. By introducing a native token (the RTE token), it will help to align the incentives of all participants. Through carefully designed token economic mechanisms, it is a self-sustaining and growing system. A protocol without data and adoption is futile. We propose a novel Cross-Border Payment Protocol (CPP) that simultaneously fuel transactions between consumers and merchants, while collecting the requisite transaction data to bootstrap the Credit Scoring Protocol (CSP). The Credit Scoring Protocol, in turn, helps to create more credit loans and drive more transactions as a result. Building open protocols also allow for other adjacent decentralized apps (dApps) to be built on top of our protocols. By building this protocol layer for global cross-border e-commerce, we foresee various adjacent dApps to be built on top of the RTE Dual Protocol: offline cross-border payments, e-commerce insurance dApps, all kinds of credit loan products and even supply chain dApps in the future.
The ultimate goal of RTE is to create a brand-new e-commerce ecosystem in Southeast Asia that connects consumers, merchants, suppliers, and other middlemen to effectively promote all online transactions in the most cost-effective and efficient way.
Based on the Stellar Horizon, RTE has the lowest latency in transactions. RTE average time of transaction processing is only 5 seconds, compared to 3.5 minutes in Ethereum. In addition to that, RTE will be able to easily coordinate assets on different platforms.
June 23th, 2018
You should be aware that cryptocurrencies are subject to high price-volatilities. You are solely responsible for determining whether any investment, investment strategy or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. ABCC reserves the right to rescind and terminate our services to users in countries and jurisdictions where relevant laws and regulations apply.