RenCap

If you thought that traditional businesses cannot benefit from the increased usage of blockchain technology, you need to think again. In fact, this is an opportunity for these businesses to grow. These investments have various needs that require better tools to solve.

They have outgrown most of the solutions that have been associated with traditional businesses and therefore, they also need the latest technology. One of the companies that make this happen is RenCap Crypto Payment Solutions. Below is a detailed look at this company, and how it works.


ABOUT RenCap

RenCap Is Both A B2B And B2C Decentralized Payment Solution.

RenCap is supported by a network of businesses ready to take on the currency as their B2B payment solution. Further down the years, within a 5 year plan, RenCap will also plan to implement into the B2C payment solution market. With a RenCap Mobile App to monitor account balanaces, RenCap debit card and RenCap payment terminals in merchants around the world, RenCap may become the most convenient payment for consumers and the cheapest payment solution for merchants.

RenCap is a company that focuses on helping traditional businesses to improve their operations by using blockchain technology. They ensure that you tap into the vast benefits that this technology brings. By doing this, they connect you to many other businesses out there and therefore, you are likely to communicate faster.

Of great importance is payments. The processes that are associated with sending and receiving payments are vital when it comes to the growth of any business. If you can use blockchain to manage such procedures, it will be much easier to handle your daily tasks.


HOW RenCap WORKS

> RenCap B2B Payment Solutions
Financial settlements between two or more businesses form a large part of financial transactions for any institutions. These payments can be for various services and products. Maybe, you just want to pay your partners, suppliers, outsourced services, or any similar requirements.

When you use RenCap, you get a virtual currency that ensures these transactions are delivered both securely and in a timely manner. You will notice that your business performs much better when you use this currency thanks to the many challenges that it helps you to avoid.

> RenCap B2C Payment Solutions
Apart from facilitating payments between business, this RNP virtual currency will also help you to improve the way you receive payments from customers. You need to assure you customers that their payments will reflect in your system fast. They also need to know that their money is safe when dealing with you.

In addition to that, they will be looking for payment options that are flexible. Although there are many other virtual currencies out there, there is no doubt that Rencap is a good option regardless of the business you are dealing in.

> Buyback Scheme
RenCap will be buying back RNP tokens every quarter of the year to release local currency to merchants and consumers in exchange for their RNP. This will provide the foundation support for the token, as well as provide ease of financials for all RNP users for their monthly expenditure.


ABOUT RNP TOKEN

RenCap’s RNP will become the cheapest and most convenient Payment Solution. RNP can be used in B2B, B2C and C2C Payment or Transfer.

RNP can be used in B2B transaction which will reduce International transfer fees, Currency Conversion charges. Recipient business does not have to create any exchange account, he can convert RNP into local currency via RenCap’s BuyBack scheme which happens all year round. This simplify the process and at the same time making the transfer cheaper and much faster.

RNP can be used in B2C transactions in form of usual QR Code and Mobile Wallet payment. RNP will also have its own custom mobile wallet, Debit Cards and Payment Terminals to be placed in partner stores whom will accept RNP Payments.
Merchants can save up to 3% in processing fee when accepting RNP Payments. Merchants can also opt to receive payments in local currency when accepting RNP Payments as our terminal will lock the conversion rate upon swiping.
Consumers enjoy the ability to use RNP in their daily lives or keep in their wallet as investments when not needed. They also hold their own coins and are not subjected to traditional annual or card fees or currency conversion fees.

RNP can be used in C2C transaction which will eliminate remittance fees or transfer fees or currency conversion fees. When one remit to another, recipient also do not have to register and sell to exchange. He/She can simply sell to RenCap to convert to local currency which will quicken the process yet eliminating charges and fees.


ICO DETAIL

Category:	Payments
Goal of funding (Soft cap):	20.000.000 USD
Goal of funding (Hard cap):	20.000.000 USD
Tokens for sale:	20.000.000 RNP
Token price:	1 RNP = 1 USD
Minimum purchase:	100 RNP
Maximum purchase:	1.000.000 RNP
Currencies:	ETH, USD, SGD
Platform:	Ethereum
Location:	Singapore

ROADMAP

TEAM

Mr Terence Ho

FOUNDER / CHIEF DEVELOPER

Terence is the Founder and Chief Developer of RenCap.
He is also the Founder and current CEO of Shop5.sg
(www.shop5.sg), an entire chain of businesses from raw
wood manufacturing to Paper and Wood Distributors to
Furniture Retailers. He is also a major shareholder of an 
Agriculture farm and Rice Processing Factory in Thailand.
All his businesses will come together and rally behind 
RenCap.

 

Mr Johnson Sow

REGIONAL OPERATIONS AND LOGISTICS MANAGER

Johnson has over 35 years of experience in the wood and furniture industry. Starting from scratch, over the span of 35+ years he has worked himself a successful career in the manufacturing and distributing industry. Currently he oversees all operations and logistics movement in the region.

Mdm May Ong

HEAD GRAPHICS 

May is overseeing all Graphics related work in all of RenCap businesses. With an outgoing personality, she is also innovative in her designs and videos. May has 7 years of experience in creating graphics and art for the Manufacturing, Distribution and Retailing Industry.

Mrs Chonlada Rattanapan

OVERSEAS OPERATIONS 
MANAGER

Chonlada is in charge of overseeing all overseas operations of RenCap, which currently includes the operation of Agriculture and Processing Plant in Thailand. She oversees the operation and floor team in Thailand, hence she work in both Singapore and Thailand offices. It is her duty to ensure the quantity and quality of harvests and distribution to 

exporters.

Miss Ling Pei Chee

OPERATIONS AND FINANCE MANAGER

Pei Chee is young but she is driven. She has proven herself to be a motivated and driven individual. She currently manages the finances of all businesses of RenCap. She also take part in managing the huge Singapore operations. She will be in charge of managing RenCap funds and collaborating with future auditors.

Mdm Lily Ngui

CUSTOMER AND ACCOUNTS SERVICE MANAGER

Lily manages all accounts of RenCap including distributors, exporters, resellers and retail consumers. With the help of a customer service team, she oversees the overall customer happiness rating and service provided to retail consumers. She also work closely with our distribution accounts that are our regular clientele. She will be in charge of transiting all accounts' financial transactions from local currency to RenCap's Token (RNP)!

Mr Ang

HEAD OF DRIVERS AND LOGISTICS

Ang is the oldest and longest service logistic employee of RenCap. With over 25 years of experience, he is the most experienced in distribution routes, delivery routes and distribution schedules. He is in charge of all logistics staffs, distribution routes and schedule. He ensure that all of our processed goods are distributed to our clients regularly and on time. He is one of our greatest asset!

FOR MORE INFORMATION ABOUT BFEX:

WEBSITE | WHITEPAPER

ABOUT AUTHOR:

BITCOINTALK USERNAME: tpq01349

BITCOINTALK PROFILE LINK