Country for PR: United States
Contributor: PR Newswire New York
Wednesday, June 29 2022 - 23:00
AsiaNet
Qenta, Inc. unveils first comprehensive financial services and technology platforms for emerging markets
HOUSTON, June 29, 2022 /PRNewswire-AsiaNet/ --

--Full set of financial technology services - including tokenization, payments 
and capital and risk management services - available for businesses previously 
lacking access

Qenta, Inc., (Qenta) a financial services and infrastructure platform with 
cutting-edge technology and a proprietary enterprise-grade blockchain, the 
Qenta Operating System, today unveiled an enhanced and integrated suite of 
financial solutions. With a focus on Africa, Latin America, Asia Pacific, and 
Central and Eastern Europe, Qenta offers tokenized assets, multi token wallets 
for digital banking, cashless payments, and commodity risk management services 
and help solve access, connectivity, compliance, and foreign exchange 
challenges facing many businesses in these emerging markets.

Logo - https://mma.prnewswire.com/media/1848141/Qenta_Inc_Logo.jpg 

"Many businesses around the world do not have access to the full range of 
financial services required to be truly successful beyond local borders and 
piecing together services from individual providers can be a time-consuming 
process," said Qenta Chairman and CEO Brent De Jong. "Qenta brings previously 
unrelated services together in a single platform making a suite of technologies 
and solutions accessible to businesses in emerging markets. For example, 
farmers using our risk management and foreign exchange services are now able to 
access digital currencies for programmable money and payments capabilities. 
They can also obtain earlier financing through blockchain-based supply chain 
tracking. With Qenta, users can now reap the efficiencies of converging 
technologies."

Qenta's broad scope of interlinked financial services and global targets 
represent an extensive addressable market of over $500 billion. High-growth 
emerging markets comprised a significant portion of Qenta's 2021 revenue, with 
this segment expected to be a majority contributor to total revenue by 
2026.      

Kerim Chouaibi, Managing Director of Qenta Payments and Qenta Board Member said 
"Qenta is uniquely positioned at the intersection of capital and risk 
management, payments, and tokenization to offer full financial connectivity 
between global markets and small and mid-sized businesses in emerging 
high-growth markets. As small and mid-sized businesses in developing nations 
grow in size, and their needs evolve, they can easily and seamlessly take 
advantage of all these offerings, while remaining within the same platform."

The Qenta Operating System (QOS) is a private permissioned third generation 
blockchain, and supports tokens representing fiat currency, cryptocurrency, 
commodities, or other units of value such as frequent flier miles or mobile 
minutes. Having launched the G-Coin(R) token – a digital gold asset to save, 
send and spend gold, in 2018, its smart contract tools allow users to customize 
financial transactions of any size and complexity from cross border remittances 
to collateralized borrowing and lending to linking payments to the provenance 
and delivery of goods.  

A fast-growing, frictionless financial services ecosystem requires a robust 
global regulatory footprint, and Qenta operates as a money services business in 
33 U.S. states and holds financial authorizations in other key markets. It 
conducts more than 1.4 million transactions per month and has more than 5,000 
active customers. QOS is now accessible by third party developers to create 
additional distributed applications with the knowledge that the Qenta client 
base meets stringent regulatory requirements.

About Qenta
Qenta combines three divisions: Qenta Tokenization offers patented asset 
tokenization solutions, multi-token wallets for digital banking, and programmed 
payout services starting with the G-Coin(R) token, a digital gold asset; Qenta 
Payments offers cashless payments processing, multi-currency accounts, debit 
and credit cards on mobile platforms; and Qenta Capital & Risk Management 
provides specialized hedging products and margin financing for soft commodities 
and precious metals. 

Headquartered in Houston, Texas, Qenta has offices and operations on 5 
continents and more than 400 employees. It offers the highest level of security 
and compliance and is governed by financial authorizations in Bermuda, Brazil, 
Dubai, Ghana, Luxembourg, Switzerland, and the US.

By reducing friction and delivering better access to financial products and 
services Qenta aims to create borderless and democratized financial ecosystems 
to elevate global businesses and citizens.

SOURCE: Qenta, Inc.

CONTACT: Bob Zeitlinger, Makovsky, investorrelations@qenta.com
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