Swifin unveils new App connecting Africa to the Global Digital Economy

London, Oslo, Johannesburg – January 08, 2024 – Swifin is introducing a cutting-edge Layer 1 Blockchain and decentralised financial services platform that aims to reshape global value exchange through a Web3 ecosystem. Swifin’s platform enables real-time, inclusive transactions via a unique transaction identity and a digital instrument of exchange, allowing users worldwide to participate seamlessly in the global digital economy. This innovation signals a new era in financial empowerment, where individuals, businesses, and nations are interconnected, contributing to digital financial prosperity.

Built on Reltime’s award-winning Layer-1 Blockchain and AI platform, Swifin will transition over 2 million users to its advanced Web3 platform. This partnership marks a pivotal moment in inclusive financial services, offering robust infrastructure for global financial participation. With the launch of the new platform at www.swifin.com, Swifin sets a new global standard for economic empowerment and inclusion.

Revolutionizing Finance with the Swifin SuperApp
The Swifin SuperApp is designed to transform how users interact with digital financial services. Powered by Reltime’s Web3 technology, the app provides a secure, decentralised user experience. Key features include:

• Instant Payments: Cross-border peer-to-peer (P2P) payments, enabling users to send and receive funds globally in real-time.
• Digital Currency and CBDCs: Secure storage and transfer of digital currencies and Central Bank Digital Currencies (CBDCs), ensuring users maintain control over their finances.
• Joint Accounts and Group Wallets: Real-time collaborative financial management for families, businesses, and communities.
• Decentralised Lending: Smart contract-driven lending services, empowering peer-to-peer borrowing and lending.
• Tokenised Asset Management: A platform for managing tokenised real-world assets like property and precious metals, offering liquidity and fractional ownership.
• Loyalty and Reward Programs: Customizable programs to enhance customer engagement.
• Smart Contracts & Automated KYC: AI-powered, automated Know Your Customer (KYC) processes ensure security and regulatory compliance while reducing fraud.

Transforming eCommerce with Blockchain Innovation
Swifin’s SuperApp extends beyond finance to provide Web3-powered eCommerce features that promote business growth. Entrepreneurs can leverage decentralised technology to participate actively in the global economy. According to the product roadmap, key eCommerce features will include:

• Decentralised Marketplace Integration: Businesses can publish products and services on a global marketplace, reducing reliance on intermediaries and lowering transaction costs.
• Smart Supply Chain Management: Blockchain-powered transparency, traceability, and efficiency throughout the supply chain.
• Decentralised Identity and Authentication: Built-in tools provide secure identity verification, protecting against fraud.

Swifin’s Layer-1 Blockchain Platform ensures zero transaction and gas fees, making financial services more accessible. Key offerings include:

• Custodian and Non-Custodian Wallets: Secure wallets managed by financial institutions or user-controlled for digital asset storage.
• Payment Solutions & QR Payments: Simplifying contactless payments across various currency types, including fiat, CBDCs, and cryptocurrencies.
• Tokenization of Goods & Supply Chains: Enhancing speed, transparency, and logistics through tokenization.
• Cross-Border Settlements: Providing instant transactions and fostering financial inclusion in underserved regions.
• eKYC and Identity Management: Advanced customer verification and identity management, adhering to global regulatory standards.

Marlene Julo, Co-Founder & CTO of Reltime, expressed excitement over the partnership:
“We are thrilled to bring decentralised financial services to millions of people and businesses globally. This partnership showcases the power of blockchain to drive financial inclusion and economic growth in emerging markets.”

Dr Linus Etube, CEO of Swifin, added, “Our collaboration with Reltime represents a leap forward in inclusive digital finance. With this cutting-edge platform, we are creating a real-time value exchange system that allows anyone to participate in the global digital economy. We are building a future where individuals, businesses, and communities are empowered to connect, contribute, and thrive.”

About Swifin
Swifin is a pioneering fintech platform that promotes global financial inclusion by allowing individuals and businesses to use a unique transaction identity and digital instrument of exchange. Swifin’s collaborative platform connects grassroots communities with the global digital economy, ensuring everyone has the opportunity to prosper.

For more information, visit www.swifin.com.
Media Contact: Dr. Linus Etube, CEO, Swifin (linus.etube@inbox.swifin.com)

About Reltime
Reltime is an Agnostic Layer 1 Blockchain, revolutionizing the financial and digital services industry with its advanced Web3 platform. Reltime has developed its own Layer-1 Proof of Authority Blockchain with zero gas fees. The award-winning platform includes a range of applications such as non-custodian wallets, SuperApp, loyalty programs, payment solutions, lending services, QR codes, CBDCs and digital fiats, and utility tokens. Additionally, the Reltime platform provides customer administration features like eKYC, identity management, SLA, and reporting. By incorporating a decentralized identity, Reltime is driving the next generation of digitization in supply chain management, tokenization, asset ownership, and global trade.

For more information, visit www.reltime.com.
Media Contact: Marlene Julo, CEO, Reltime (marlene@reltime.com)