REMIIT is a decentralized remittance and payment platform that means to go about as an impetus of globalization through the blockchain.

arnishad (25)in #blockchain • 6 years ago

Remiit is to disrupt the entire of the worldwide remittance advertise utilizing the blockchain innovation, through the REMIIT Smart Contract (RSC).
Published on September 28, 2018

ABOUT REMIIT
REMIIT is a decentralized remittance and payment platform that means to go about as an impetus of globalization through the blockchain. REMIIT interfaces different businesses and clients through a trust-based Smart Contract System. REMIIT tries to permit business scalability of businesses in the Money Transfer Sector and give clients a cheap and transparent process with esteem solidness through the 2-Tier token framework. REMI is the token exchanged trades and plays out an utility part that converts to REMD. REMD is the token which is utilized in the overseas blockchain remittance system.

The primary point of Remiit is to disrupt the entire of the worldwide remittance advertise utilizing the blockchain innovation, through the REMIIT Smart Contract (RSC). This platform is configurable notwithstanding being advanced for the remittance benefit. The platform enables remitters to encounter transparent procedures when utilizing the REMIIT system.

For the service to extend up to payment, the platform incorporates the REMIIT payment Gateway Protocol, which is a creative system added to the REMIIT Smart Contract System. The payment provider will then have the capacity to do the enhancement of their business, and they will have the capacity to conquer the issues that they would not have defeated already.

REMIIT FEATURES
RSC (REMIIT Smart Contract): The RSC system gives affordable fees and expanded networks for all the participants who may be using remittance services.

REMI Token: REMI is a token used within the platform to make the whole of the REMIIT ecosystem robust and active.

RPGP (REMIIT Payment Gateway Protocol): The providers use this interface for payments through the system.

The RSC store: for data storage

REMIIT BENEFITS
The users of the system can manage the credit ratings that are generated from the blockchain transaction, allowing them to manage their credibility and enjoy several other benefits.

The participants in the system are evaluated regarding reputation, helping to flush out possible frauds in the system.

The team behind the REMIIT system is a great one with vast experience to propel it forward.

Importantly, the optimized algorithms make the process fast and easy.

Besides, it is cheap and affordable to use.

Based on experience as BluepanNet (MTO), we have discovered many issues in overseas remittances.

Remit want to resolve it:

Blockchain Integration to the current commercial systems.
Stabilizing the Token with a sophisticated Token Economy.
Develop an Infrastructure for Linkers (e.g MTO, Financial Institution).
🎥 Video presentation:

THE REMIIT PLATFORM & TECHNOLOGY

Blockchain Adoption

The money transfer and payment sector is not as friendly or open to the current adoption of decentralization and P2P interactions. However this area of services are the most crucial aspects that should be adopted by the blockchain. Through the blockchain and smart contract technologies, REMIIT will ensure to be the benchmark of blockchain adoption where the blockchain can be used for actual business services working with pre-existing Money Transfer and Payment Providers.

REMIIT Smart Contract

Configurable Smart Contract for small scale Linkers (ex.MTOs, Financial Institutions) to expand easily making partnerships with Linkers overseas through the Trust-Based Smart Contract.

REMIIT Payment Gateway

A Protocol interface for payment providers that can capitalize on the REMIIT’s blockchain remittance system as a means of payment processing without going through banks and intermediaries.

TOKEN ECONOMY

The Two-Tier Token System: REMI & REMD

Crypto Limitations Due to Price Volatility of Tokens : Risk Bourne to Service Providers.

Splitting it into TWO to prevent rapid value fluctuation and ensure smooth overseas remittance.

How it works:

Youtube:

REMI
Convert to REMD
Mining Rewards
REMD
Means of Transfer
Stabilized (Index Boundary)
Guaranteed Minimum Exchange Value from REMI to REMD
Roadmap:

2018 Q3 Private-sale

2018 Q4 Crowd-sale; KYC/AML; Pre-sale

2019 Q1 REMIIT Smart Contract (RSC) MVP; REMIIT Wallet MVP

2019 Q2 REMIIT DEX MVP

2019 Q3 REMIIT Linker Protocol (RLP) SDK; REMIIT Linker Applications; Partnership with Main Linkers