Traditional banking is broken for international trade and remittances with complex processes and high costs. Spreads between deposit rates and lending rates are typically 3-4% in most countries and higher than 10% in some countries. Financing costs for global trade can be as high as 10% for a lot of businesses and the small businesses are particularly hard-hit by the costs, as they do not have the scale advantages to absorb these costs.
Trealth dramatically improves the processes by automating through latest technologies and reduces the cost of international trade and remittances. We use open technologies and leverage open monetary currency base to drive down the costs to businesses.
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