Retreeb: Crypto payment that aims to be ethical and supportive

Retreeb is one of the rare crypto payment applications that redistributes part of its profits to finance social and solidarity organizations. Launched in 2019, Retreeb wants to build a payment ecosystem that does not only prioritize profitability.

Finance does not always have a good reputation. It is also not an area known for its fine deeds. However, ethics in finance is of interest to more and more people. There are more and more financial services that reconcile finance and solidarity. Retreeb’s business model is one of them. Retreeb fits perfectly into the movement “Tech for Good” which represents companies that want to have a positive impact on society.

It is therefore with sincere joy that we speak to you today about Retreeb. A payment application that aims to be ethical and supportive is relatively rare.

Note: You should know that the Retreeb application is being launched; It is not yet available. This is also when we can support and follow a Swiss crypto company at its beginnings.

Retreeb Overview , the solidarity payment application.

Blockchain has enabled finance to free itself from intermediaries such as banks (commercial among others). So, by removing these intermediaries, the costs are lower.

Whether for merchants who want to accept cryptocurrencies or buyers who want to use them, there will be fewer fees. The majority of payment operators charge fees ranging from 2,5 to 5%. This is particularly the case for PayPal or VISA operators for example.

Crypto payment applications display lower fees of 0,9% to 1,5% for some of them. This will depend on the network, the infrastructure and the terms of the business model. Retreeb was designed on the blockchain Fantom Opera. This is how it ensures faster transactions with lower fees.

With reduced fees, the Retreeb platform has decided to devote a third of its costs (i.e. a little more than 30%) to social and solidarity projects.

How does this happen in practice?

These are the users who vote for the project of the month. When a person makes a payment using Retreeb, they can choose the charity to which they would like a portion of the transaction fees to be donated.

We have already seen, for example on PayPal, that after having finished a purchase, we are offered to donate a small amount (like 1 euro) to an association. It’s not the act of giving that’s innovative at Retreeb. What is new is not asking customers for additional money but taking it directly from the accumulated costs.

The tokens of the Retreeb application

Retreeb has set up a system with two assets which are:

The Retreeb Stablecoin (S): As the name suggests, this is a stablecoin indexed to the euro. The stablecoin is backed by the user's currency. 1 FIAT = 1 (S)Retreeb. There is no need to do any conversion.
Retreeb's Utility Token (U): This is the token that is used on the platform for different operations.

These two tokens have consistency in the Retreeb ecosystem. The tokenization of transactions coupled with the creation of a stablecoin allows the application to display lower prices compared to the competition.

Likewise, with free SEPA transfers, financial flows in FIAT (euro, dollars, etc.) are made possible on the application. It will then be possible to convert the tokens and deposit and withdraw FIAT as well.

Where can you buy the $TREEB token?

The public sale of Retreeb took place in September and took place on the Probit Global Exchange exchange platform. It is now possible to buy TREEB on MEXC or on HotBit.

It is possible to buy the $TREEB token on decentralized exchanges (DEX) on the Fantom network. For example, you can buy the TREEB token on Spookyswap. However, to do this, you need to have some knowledge of DeFi (Read our article: Beginner's Guide to DeFi).

What are the tokenomics of TREEB?

Treeb's total supply is 1 billion.
The number of tokens in circulation of 546
Marketcap of $12.
The token is currently trading at $0.02347 with an ATH reached on September 2 with a price of $0,3.

You can learn more about the details and allocations of the public sale here.

450 Million are distributed for the various sales (45%).
15% of tokens constitute the company's reserve
10% is dedicated to marketing.
The rest goes to charitable funds, ecosystem rewards, etc.

Finance ethics invites itself into crypto payment applications

If we want bitcoin and cryptocurrencies to be adopted by as many people as possible, this will necessarily involve payments. More shops and merchants will accept cryptocurrencies and the easier crypto payment becomes, the more effective mass adoption will be. QED.

And, the good news is that there are hundreds of crypto payment apps. We are spoiled for choice as there are so many different services and applications.

However, we could make a choice depending on the “ethics” of the payment applications we choose.

To the extent that the Retreeb company has an “ethical” dimension, it may be perfect for those who wish to get involved in social matters in a simple way.

Final word on Retreeb and on ethical crypto

With the NFT in particular, we have seen many crypto projects supporting social associations. We remember the projects to help belugas, the cause of women with WoW, etc. This showed that the crypto community is seeking to activate its social and solidarity dimension.

Retreeb has a very good economic model and could become an application sought after by a certain clientele. It is indeed a model that can appeal to many people.

Now the founding team must continue to grow. It positions itself in an interesting niche in which it can succeed. That’s sincerely all we wish for him.

Discover the site Retreeb

Note: No financial advice is given in this or any other article on zonebitcoin. This is information of which you are the sole judge and master. Be responsible with your investments and only invest as much as you are willing to lose.

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