About
RedaMark is set up to deliver the Reda Currency System (RCS) that comprises Pre-Audited Money (PAM) and Cereal-Based Currency (CBC). RCS scalability to fund essential public services gives it enormous impact potential from helping underfunded municipal authority care homes through to rebuilding collapsing societies.
The currency system's ingenious characteristics overcome weaknesses of both conventional fiat currencies and cryptoassets: it avoids debt burdens and price pumping without creating inflationary money oversupply; and it targets positive social outcomes whilst injecting liquidity into a community to foster private sector economic activity. It has properties that mitigate financialisation by embedding attributes that counter moral hazard, and yet still leave space for end-user choice.
Current conventional economic arrangements struggle to cope effectively with man-made and natural disasters such as pandemics, economic shocks, climate change, war and ageing populations; moreover, the delivery of payment and financial services are vulnerable to technological and malevolent challenges: RedaMark can handle these problems, avoid contagion risks, and even deploy post-quantum cryptography.
RedaMark sets an achievable path away from current difficulties in a manner that boosts the real economy ahead of the shadow banking sector. Significantly, neither PAM nor CBC need rely on being underwritten by private equity capitalisation.
Details and documentation remain confidential whilst the system is pre-deployment. Please contact info@redamark.com if you wish to find out more. Applications for further information are at the discretion of the development team.
Governance
The RedaMark organisation reflects the framework of a community interest company, and will incorporate community oversight in local funding schemes. Whilst its primary aim is to deliver positive social outcomes, RedaMark will retain a return on investment potential.
Compliance
The Reda Currency System and its processes are being developed so as to match the UK Financial Conduct Authority’s Operational Resilience requirements, as well as the UK anti-money laundering regime requirements.
Team
About Us
RedaMark builds on many years’ experiences of the team in the payments services sector in delivering banking and fintech solutions. This has included payment gateway development with direct access to the United Kingdom’s Faster Payments network, as well as integrating Open Banking businesses to Real-Time Gross Settlement accounts at the Bank of England. The work has also involved facilitating BACS payments, and developing systems and processes to meet regulatory compliance, mitigate money laundering as well as to simplify the payment of tax and benefits. Moreover, the RedaMark team draws on decades of experiences of international political risk and crisis management.
We recognise the power of markets and the needs of the most vulnerable
Reda
- to manage or pay one's way (Norn);
- prepare, ready, in cash (North Germanic);
- satisfied (Arabic transliteration);
- alleviate (Malay transliteration);
- “Reddies”: money (English slang)
Mark
- a currency or unit of account with origin examples from across the historical Hanseatic League
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