GENEVA, SWITZERLAND / ACCESSWIRE / August 25, 2021 /Retreeb, the new-age decentralized ethical payment solution is all set to host its initial exchange offering (IEO) of its Treeb utility token on ProBit Exchange. Its token sale is expected to go live by 2nd September. Retreeb believes that its IEO will be the next step towards the adoption of decentralized ethical finance practices inter-twined with universal values of ethics, sharing, and solidarity.
What is Retreeb Building?
There is no denying that blockchain has numerous direct implications on the finance sector and the revolution it brings can solve many legacy problems in the industry. The team at Retreeb is building the future of payments to make it ethical, responsible, inclusive, and sustainable. With corporate social and environmental responsibility (CSR) at the heart of their business model, the Retreeb payment solution is a decentralized payment ecosystem free of any interbank commissions.
Retreeb claims to be the first financial institution in the world that has linked its business performance with its social contribution. With its solidarity cashback, the project donates 33% of its fees to financially support social and environmental projects. The first thing which Retreeb has done is to eliminate the dominance of centralized intermediaries that charge users a commission of 2.5-4% per transaction. On the Retreeb marketplace, merchants pay a nominal fee of 0.9% to 1.5%.
Solidarity cashback is Retreeb’s CSR contribution. Retreeb voluntarily donates one third of its fees to social or environmental projects selected by the user who makes the transaction. This ethical model of the Retreeb ecosystem makes it one of the most unique financial institutions that actually fulfill its Corporate Social Responsibility (CSR) while simplifying the payment ecosystem in a costumer-centric manner.
Looking Behind Retreeb’s Bi-foundational Financial Model
Retreeb is developing a very unique payment solution that is based on…
