REMIIT

Introduction REMIIT

As we face Globalization, a variety of obstacles between nations have been diminished and the global interplay of human beings and goods have become extra convenient. Especially due to the improvement of the internet, the range of overseas remittance and fee transactions is rapidly increasing. While such a massive market has spurred monopolistic monetary institutions, the obstacles between customers are nevertheless excessive and transparency continues to be a steady problem. First, «overseas remittance» transactions are sluggish and ineffective because of systems like the SWIFT network whilst Money Transfer Operators such as banks and non-bank fintech organizations have boundaries in scalability and expandability.

Furthermore, the exchange rate that emerges when discussing world finance is changing in as we examine relying on the political and economic hobbies between countries. Under these situations, there have been many revolutionary attempts to ruin inefficient constructions through applied sciences primarily based on the blockchain. The core technological know-how of the first generation blockchain used to be transparency and security via the Distributed Ledger Technology.

PROBLEM

We have temporarily discussed above that the existing distant places remittance and price methods have a variety of problems. These are real tales attributable to the current monetary structures and lifestyles, which have been considered as troubles that have been again and again and continually raised with the aid of several groups that have already labored on blockchain-based solutions .

Remittance certainly capacity sending out money. However, this is a lexical meaning in the dictionary. From the point of view of businesses, remittances cowl not only an easy transfer, however additionally repayments and in addition extends to «what occurs when we ship and get hold of something.» REMIIT appears at these problems from this standpoint: there exists a reoccurring remote places fee problem in the huge scale of remote places remittances market, which is derived via «issues related to alternate and use.

Below are some problems our platform seeks to address;

• Reliability and security issues
• Cost-effectiveness(Commission and efficiency) issues
• Infrastructure issue

SOLUTION

REMIIT intends to innovate the commercial enterprise of «what takes place when we ship and receive something» from a new perspective. This is the place REMIIT’s personal Ecosystem-based totally on blockchain technological know-how comes into place. REMIIT has designed the REMIIT Smart Contract to make the system to scale efficiently. Each participant in the REMIIT Ecosystem is positioned at the center of the business relationship.

With this infrastructure of these ecosystems, each participant can create a variety of channels to overcome present problems. Ultimately, the barriers of the preceding foreign trade ecosystem will be overcome by using more than a few channels, the market will expand, and the business will grow.

• REMIIT Smart Contract
• Tier Token System: How to solve the Crypto Paradox
• Expansion to REMIIT Payment Gateway Protocol

Target

The main goal of Remiit is to break the entire global remittances market using blockchain technology, thanks to the REMIIT Intelligent Contract (RSC). This platform can be configured in addition to being optimized for money transfer services. This platform allows the sender to benefit from a transparent process when using the REMIIT system.

For expansion services up to billing, this platform includes the REMIIT Payment Gateway Protocol, an innovative system added to the REMIIT Smart Contract system. Payment service providers will then be able to diversify their business and be able to overcome the problems they will never have overcome before.

What does REMIIT Blockchain Money Transfer provide

The Remiit system will be a catalyst for globalization by decentralizing remittances and payments. The REMIIT system will create more open and transparent money transfer systems and payment systems. It will also enable money transfer operators (MTOs) and financial institutions to create a cross-border fund transfer community with good credibility and reputation.

Remiit is built on the blockchain platform, and it will be able to connect every MTO in the world. They have a reputation evaluation system, which is an important part of the project. This assessment allows operators to transfer their money to other MTOs around the world safely and securely.

Participants

Payment providers
This participant supply liquidity by providing the payment function; applicable to credit card companies, banks, and existing payment gateways (PGs).

Banks
Banks are running conventional foreign remittances businesses. They provide payment and remittances services to companies and individuals. They will be able to connect with more participants through REMIIT.

Fintech providers
As the conventional functions of the bank have been fragmented, other various participants have started and are growing this area of business equipped with financial and IT technologies. These new players can contribute to fragment into various functions, in which the participants can connect with each other in various ways.

Platform businesses
Platform businesses play as catalysts for international business. These facilitate foreign business players to connect end consumers to various sales agents for the invigoration of related international business. REMIIT allows each participant to have payment contact points in a more efficient way, which can increase competitiveness and speed up the expansion of the ecosystem.

Consumers
Consumers as overseas remittances users includes migrant workers and students studying overseas, as well as buyers who purchase goods via overseas sales platforms can enjoy the benefits of this ecosystem because they will have a wide variety of choices.

Corporate entities
Corporate entities conduct business overseas in a variety of ways, beyond individual transfers and payments. They can overcome the limits of conventional methods and become a key participant in REMIIT in the area of international trade and business.

How does REMIIT work

• RSC (REMIIT Smart Contract) – The RSC system offers affordable rates and wide area networks for all participants to use money transfer services.
• Release REMI – REMI is a token used in the platform to make the entire REMIIT ecosystem strong and dynamic.
• RPGP (REMIIT Payment Gateway Protocol) – Providers use this interface to make payments through the system.

Benefits of REMIIT

For starters, the system runs on a blockchain platform. It is therefore transparent and secure for all participants. System participants are known for their reputation, which helps eliminate potential fraud in the system. More importantly, optimization algorithms make the process fast and easy. In addition, it is cheap and affordable to use.

The team behind the REMIIT system is an excellent system with a lot of experience to move it forward. System users can manage the credit ratings generated by blockchain transactions, allowing them to manage their credibility and benefit from a number of other benefits. Users will be able to use the REMI wallet as a direct payment method.

KEY FOCUS

Advanced UX on Blockchain DApp

The blockchain technology will bring us a lot of benefits and abundance. However there are still many assignments on how to approach the user in order for this to happen. REMIIT recognizes that great technologies are useless if it is not being used thus REMIIT is aiming for a “Customer Experience” that goes beyond “Usability”

Video Player ADVANCED UX ON BLOCKHAIN DApp

https://remiit.io/static/remiit/images/remiit_Protype_demo.mp4?_=1

Details of the REMIIT token

General information

Token : REMI

Platform: Ethereum

Standard: ERC20

Quantity: 6,000,000,000 REMI

Price: 1 REMI = 0,01 USD

Payment: ETH

Soft cap: 5,000,000 USD

Hard cap: 20,000,000 USD

ICO Settings

Token Notice: REMI

Pre-sale date: September 2018 – October 20, 18

Main dates ICO: October 2018 – November 2018

ROADMAP

2018 Q3 Private sale Advance sale.

2018 Q4 Crowd-sale KYC / AML.

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 the main linkers.

2019 Q4 RSC launches REMIIT Wallet to run REMIIT DEX to start the main linkers.

2020 Q2 Expansion of REMIIT DEX.

2020 Q3 Protocol REMIIT Payment Gateway Protocol (RPGP) MVP.

2020 Q4 Partnership with the main suppliers of payments.

2021 Q1 RPGP launches a service extension for the future EcoSystem.

TEAM

Stevie An

CEO

Logan Hong

CTO

Ryan Moon

CXO

Jay Jung

CFO

Danny Kim

Global Remittance Manager

Yuchao Li

Business Development Manager

Hank Shin

Marketing & PR Manager

Remy Lobos

Remittance Assistant Manager

Freend Choi

Blockchain Engineer

Hunter Shin

Blockchain Engineer

Joey Lee

Blockchain Engineer

Arup Ghosh

Blockchain Engineer

Ellie Yoon

Graphic Designer

Jackson lee

Front-End Developer

Advisors

Tae Won Kim

Listing Advisor

Israel Keys

Operation Advisor

Ueda Shin

Operation Advisor

Lillie albert

Operation Advisor

Jin Wan Cho

Token Economy Advisor

Kwon Gi Mun

Token Economy Advisor

David Seo

Technical Advisor

Peter Ryu

Technical Advisor

More information contact :

Website: https://remiit.io/

Whitepaper: https://remiit.io/static/remiit/images/Whitepaper_REMIIT_Eng.pdf

ANN thread: https://bitcointalk.org/index.php?topic=4929374

Facebook: https://www.facebook.com/remiit.io/

Twitter: https://twitter.com/remiit_ico

Telegram: https://t.me/remiit

Author : Upik05

BTT Profile Link: https://bitcointalk.org/index.php?action=profile;u=2205131

Address wallet

0x6B4D2B44e4FB4648FE87029C4ddf00Da999127c4