Ready is our first product launched to enable peer-to-peer (P2P) exchange for travellers to swap currency directly with each other at a very low and transparent cost with no hidden fees. Ready is designed for millennial like us who love to travel in style. We value transparency and sharing with a respect on different cultures and hold a firm belief that people should be given options.
We fully appreciate the prevalence of digital money but maintain the argument that cash is still indispensable in a global context. It still makes sense to use cash for travelling to an unfamiliar and foreign destination. So a combination of both cash and digital is the most optimal choice. Ready is built to swiftly facilitate such multi-faceted exchange from cash-to-cash, cash-to-digital and digital-to-cash.
Ready’s proposition is based around cutting out costs from the supply chain to match the currency needs of both the supply-side and demand-side.
The supply-side largely originates from those returning travelers who bring back left-over currency in foreign notes and wants to exchange these into local currency. The demand-side mostly represent those outbound travelers who wants to exchange the local currency into foreign currency.
Imagine if there is a new way that can match up the currency needs for those who travel at the opposite direction in an optimal way, wouldn't it be awesome?
Cash out your balance in advance to your needs at your convenience.
Leave us with your currency and we match it with the best offer in time.
Take your idle money and we make them worthy again.
Gather the small changes and deliver impacts to the less privilege ones.
Utilise your money wisely according to your lifestyle. You name it, we get it.
Ready comprises of three distinctive modules which are backed by our proprietary technologies:
What makes Ready so convenient is its mobile app that can bring buyers and sellers of foreign currencies together. The App can optimize the user experience and provide added transparency for matching the currency needs of both the supply-side and demand-side. Both buyers and sellers can make use of the App to evaluate rates, initiate bids, check offers, track flows and find locations etc. Backed by a machine learning engine that is constantly optimizing the supply and demand of Fx as well as inventory level, Ready App works hand-in-hand with the Ready Kiosk to complete the end-to-end money transaction flow.
Another distinctive function that makes Ready so appealing is its ATM-like network of kiosks that can provide round-the-clock service in prominent locations facing the users for cash processing of multi-currency, in a highly secure and private manner. The Kiosks enable cash acceptance or dispensing on an unmanned approach. No traditional banking system or counter staff is required to support this operation, making the whole process extremely cost effective. So the overall handling fee can be made so low.
ReadyKiosk - ReadyLite - ReadyApp
What sets Ready apart is its blockchain-based transaction backend to ensure non-repudiation. The distributed ledger stores the “blocks” of records in a distributed format and can be updated and shared among various parties in multiple locations to validate the transactions. Blockchain offers a more efficient means to facilitate money flow. No intermediary is needed to handle the transaction flow among the cash drop-off and fund recipients, thus skipping network fees and avoiding cash-out delay.
How it works
Lead more at readytravel.io