Currynomics Labs, a fintech start-up, has successfully closed its €400,000 investment round, ensuring the global availability of its next-generation digital currency, Redcurry, in 2024. Redcurry, an acronym for Real Estate-Backed Digital Currency, is designed to provide stability and reliability while offering value growth in the constantly changing financial landscape. Traditional currencies often lose value due to inflation, while cryptocurrencies can be complex and volatile, making them unsuitable for everyday transactions.
Redcurry aims to address these challenges by backing its digital currency with rent-generating commercial properties such as office buildings and shopping centers. This unique approach ensures that Redcurry solves the problems of traditional currencies and cryptocurrencies, making it an ideal option for both saving and payments. The company believes that Redcurry represents a new era for money and is committed to improving the global monetary system through innovative technology.
The successful investment round attracted notable investors, including Pasi Pohjala (FinBAN), Aleksander Denisoff, Asse Sauga, Dejan Mansfeld-Rupnik, and Markus Pejacsevich, along with Ecosh Life and Impulse Generator Fund. Their support will contribute to the final development stage of Redcurry. The digital currency is currently in the live beta testing phase and is open-source, fully transparent, and publicly auditable. It is designed to be a decentralized currency governed by its users.
Currynomics Labs was founded in 2022 by entrepreneurs from Estonia and Austria. The company is dedicated to revolutionizing the financial industry and helping individuals who are unbanked, underbanked, or living in areas with hyperinflation. With Redcurry, Currynomics Labs aims to provide accessible digital money to over 2.8 billion people who have limited access to traditional banking systems.
To learn more about Redcurry, visit their documentation website at https://docs.redcurry.co. Individuals can also join the waitlist at https://redcurry.co to be among the first to use this innovative digital currency.
Sources:
– Currynomics Labs Press Release, September 19, 2023