What is REDDE?

Since cash payment is based on direct exchange among individuals, there is only one way to turn cash currency into electronic cash: exchanging it for a digital substitute to which the user can assign the value of his choice, within the regulatory limit (up to 150 € per unit).
1. Our electronic cash features.
This substitute of Electronic money has a nominal value between 5 and 150€ rounded to the euro. They are divisible up to one hundred and cumulative.
Electronic money is valid and usable up to thirty years from its date of issue, according to the law. Its validity may be renewed indefinitely at the end of this period.
2. Our e-money technical infrastructures.
Our infrastructures for cash dematerialization are composed by:
- A platform for the issuance and circulation of electronic cash;
- A platform to drive electronic cash / crypto-currency exchanges;
- A platform to manage wallets in circulation
- A R & D platform to develop new services;
- A platform in charge of currency flows’ probity and legality (module anti-money laundering).

The architectures of these platforms are subject to technical and functional specifications that were tested and validated. It is ready to be produced.
3. Our network of exchange points.
Distributing electronic money does only need the installation of a specific application inside every device support. In another hand, the collection of classic cash that is entrusted against e-money is much more complex. It requires the implementation of a network of physical exchange points within reliable traditional shops certified to collect and bring these values up.
For regulation and safety purposes, these shops must be specifically licensed as a payment intermediary by the central authority for the regulation of financial institutions.
Under the terms of agreements concluded with major distributing operators and e-terminal (such as Bimédia), our network will be mainly implemented in local shops. In the selected territories, the network must be dense enough to provide digital money’s accessibility to all. The target ratio is 1 point of exchange for 1000 inhabitants according to a scalable deployment planning.
Our application and services will be accessible worldwide though. The user will then access our electronic money through a dedicated website with a function of dematerialized cash ATM and will therefore benefit from REDDE’s services wherever he is.
4. Converting electronic money into crypto-currency / technology used.
4.1. Answering to the issue of crypto-currency volatility.
The extreme volatility of crypto-currencies slows the expansion of Blockchain environment. In addition, this volatility makes reconciliation with the real economy a sensitive and difficult subject. Exchanging from a system to the other is both delicate and restrictive. As a result, the scope of use of crypto-currencies is quite narrow.
Such a risk can’t be endorsed by an operator or absorbed by the merchant, we are then convinced of the need to implement a buffer mechanism. This mechanism is an effective answer to the issue of volatility. Bearing this in mind, REDDE developed a conversion coin in its environment. It aims to ease the connection and transition between different ecosystems.
The conversion coin offers the following double advantage:
- No commission fees applied for exchanging one crypto-currency to another, the only cash-out to e-money is commissioned at 1%;
- It helps the user to maximize his gains when exchanging a crypto-currency to another. I.e: Alexis would like to change his Bitcoin for Litecoin. It’s a good time to sell his Bitcoin as the exchange rate is high but it’s a bad timing to buy Litecoin because the rate isn’t favorable. Our system allows him to change his Bitcoin for the conversion coin and fix the value. Then he can wait the moment the rate is the best to acquire more Litecoin.
4.2. A conversion coin using technology of Tangle.
In REDDE’s environment, it will be possible to obtain our conversion coin for a fixed value of 1 € (1 coin=1 euro). This coin belongs to our own ecosystem but adopts the technology of Tangle.

This is a new “distributed ledgers” architecture based on a DAG (Directed Acyclic Graph). A transaction built according to the technology of Tangle comprises three stages:
- Construction of the bundle (package) and signature of the inputs;
- Tip Selection (Selection of two previous transactions via the Monte Carlo method by Markov chain);
- Proof of Work.
This system allows to get rid of the mining process and as a consequence, offers transactions free of charges and the possibility to transfer amounts up to a tenth of a cent.
4.3. Where can REDDE’s conversion coin be found?
Our conversion coin REDDE will be available in our application for peer to peer exchange with crypto-currency, without intermediaries. These flows will be increasingly supplied by REDDE users following the customer journey set up to acquire low-cost crypto-currencies.
Thanks to our conversion coin REDDE, our users holding cash and e-money can purchase Bitcoin, Bitcoin cash, Ethereum, Litecoin and Ripple directly and at actual rates. On the other hand, crypto-currencies’ holders can acquire e-money and use it at their choice, still with no intermediary.
5. For what purpose?
REDDE enables its users to make current or online purchases using crypto-money, but also to withdraw cryptos on cash in one of our network’s point of exchange. The user can directly convert his currencies in e-money via the REDDE application and the conversion coin. REDDE’s crypto/cash interoperability is the only system that allows such an ease of use.
To enable online payment in cash, a network of commercial websites accepting payment through REDDE should be developed (thing that the team has already done in the past). The license obtained with an electronic money institution permits a fast integration of REDDE’s modules on the main providers of payment systems’ (PSP type Monext Payline) platform and ton leading e-commerce websites.
