Rate.Trading Revolutionizes Currency Exchange with Digital Platform
Rate.Trading, a digital currency exchange platform launched by Rate.am and IDBank, is making financial services more efficient and accessible. The platform allows individuals and legal entities to monitor available exchange rates, select the relevant terms, or propose their preferred exchange rate.
The Bank will only execute a transaction if it fulfills the request at the specified exchange rate. This approach aims to create specialized digital platforms that make financial services more efficient and accessible.
Currently, ten currencies are available on the platform: Armenian dram, US dollar, euro, Russian ruble, Georgian lari, UAE dirham, British pound, Chinese yuan, Japanese yen, and Swiss franc. The platform is also available as a mobile app, allowing users to access it directly through the Idram&IDBank app.
According to Gevorg Mamikonyan, Director of Rate.am, 'The launch of Rate.Trading is based on the belief that the development of digital financial services should respond to real customer needs and evolving market conditions.' He added that the platform will continuously evolve with plans to add new tools for foreign exchange transactions.