RenCap is creating it’s own token RNP. With ready support from the first batch of businesses utilizing RNP for their B2B Transactions, RNP will be the future of B2B and B2C International Payment Solution.
All of RenCap owned businesses and clientele whom work with our businesses will eventually have to use RenCap(RNP) to transact with our businesses instead of regular local currency.
A better and more attractive contracts will be offered to businesses that are willing to transact using RNP instead of local currency. This is introduced during the early phase of RNP to attract more businesses to use RNP in their daily transactions B2B.
Merchants that accepts RNP in B2C payments will be saving a huge cost in payment commissions such as the regular 3% in credit card processing fee.
Consumers will be able to spend RNP in several countries without the need of exchanging their local currency into foreign currency. With a RNP Debit Card, this will make the process even easier.