Qenta, Inc., (Qenta) a monetary providers and infrastructure platform with cutting-edge know-how and a proprietary enterprise-grade blockchain, the Qenta Working System, as we speak unveiled an enhanced and built-in suite of economic options.
With a concentrate on Africa, Latin America, Asia Pacific, and Central and Japanese Europe, Qenta provides tokenized belongings, multi token wallets for digital banking, cashless funds, and commodity threat administration providers and assist remedy entry, connectivity, compliance, and overseas alternate challenges going through many companies in these rising markets.
“Many companies world wide should not have entry to the complete vary of economic providers required to be actually profitable past native borders and piecing collectively providers from particular person suppliers generally is a time-consuming course of.” stated Qenta Chairman and CEO Brent De Jong. “Qenta brings beforehand unrelated providers collectively in a single platform making a collection of applied sciences and options accessible to companies in rising markets. For instance, farmers utilizing our threat administration and overseas alternate providers are actually in a position to entry digital currencies for programmable cash and funds capabilities. They will additionally get hold of earlier financing by blockchain-based provide chain monitoring. With Qenta, customers can now reap the efficiencies of converging applied sciences”.
Qenta’s broad scope of interlinked monetary providers and world targets characterize an intensive addressable market of over $500 billion. Excessive-growth rising markets comprised a good portion of Qenta’s 2021 income, with this section anticipated to be a majority contributor to complete income by 2026.
Kerim Chouaibi, Managing Director of Qenta Funds and Qenta Board Member stated “Qenta is uniquely positioned on the intersection of capital and threat administration, funds, and tokenization to supply full monetary connectivity between world markets and small and mid-sized companies in rising high-growth markets. As small and mid-sized companies in creating nations develop in dimension, and their wants evolve, they will simply and seamlessly make the most of all these choices, whereas remaining inside the identical platform.”
The Qenta Working System (QOS) is a personal permissioned third era blockchain, and helps tokens representing fiat forex, cryptocurrency, commodities, or different items of worth corresponding to frequent flier miles or cell minutes. Having launched the G-Coin® token – a digital gold asset to save lots of, ship and spend gold, in 2018, its good contract instruments permit customers to customise monetary transactions of any dimension and complexity from cross border remittances to collateralized borrowing and lending to linking funds to the provenance and supply of products.
A quick-growing, frictionless monetary providers ecosystem requires a strong world regulatory footprint, and Qenta operates as a cash providers enterprise in 33 U.S. states and holds monetary authorizations in different key markets. It conducts greater than 1.4 million transactions per thirty days and has greater than 5,000 energetic clients. QOS is now accessible by third social gathering builders to create further distributed functions with the information that the Qenta consumer base meets stringent regulatory necessities.