REMCO - Worlds First Distributed Platform for Money Transfer

Hello everyone, subscribers of my blog and just people who are not indifferent to the crypto currency industry. Today we have a review of a rather interesting project, which will be especially interesting for businessmen and those who often carry out various remittances around the world. The name of this project is Remco!

Problems of modern payment systems

Existing global payment systems, such as Visa, Master Card, Pay Pal, Swift and even the acclaimed Ripple blockchain project, have a number of specific problems that make their use not so convenient.

Modern payment gateways are centralized, this is logical, because otherwise the governments of States would not allow their use on the territory of their countries. But centralization leads to the need to keep a large staff and maintain a network that performs transactions. As a result, large commissions are required for the operation of these systems.

Also, centralization leads to some inconveniences when working with these systems and payment gateways, caused by the control of cash flows by the authorities and various bodies, such as the tax service and the money laundering service. Your transfer can be easily blocked, and the account can be frozen if they suspect something is wrong in your activity, even if you are absolutely legal and pure counterparty. Crypto currencies do not have this, but instead they have a terribly low transaction processing speed caused by the intentional complexity of the network, for example, Visa is able to conduct 45 thousand transactions per second, while Bitcoin is only 7.

Also, centralized payment gateways, tightly tied to national currencies, and therefore, the fees charged to users who make money transfers to other countries, become simply predatory.

Solution from Remco platform

But the development of the blockchain does not stand still, there are more and more new modifications that can bring us completely new discoveries and technologies more advanced than even the usual crypto currency.

Remco is a kind of mechanism on which everyone will be able to create their own tokens for payment in a few clicks, with their own characteristics and conditions. This model will be useful for business representatives, because it will create convenient for each of them payment systems and gateways that fully meet their requirements.

And for absolutely all users of Remco money transfer system will be a huge advantage of the absence of commissions and a huge speed of work. Commissions, however, will be, but so minimal that they can be overlooked and carefree to conduct transactions though through the entire planet and at the same time with the minimum amounts, without fear of ruin fees.

This will be achieved through the use of multi-blockchain technology. This blockchain will have its own token (and will not be based on the ERC – 20 token, from Ethereum, in which you have to pay with gas for each transaction). Remco's multi-blockchain will not include miners and will completely abandon the pow – proof of work consensus. Users do not have to wait for the confirmation time of blocks and pay a Commission to miners for work, as it happens in traditional crypto currencies.

Such an easy and fast network, with huge scalability and minimal fees, in the future will be able to completely replace the standard centralized payment gateways, with their slow centralized system, eliminating the possibility of infinite scaling and use of such low fees.

At the moment, the Remco platform hosts a program of pre – sale of tokens-ICO, as well as free token distribution through air drop. These actions will help to attract funding to the project, as well as to form the core of Remco token holders.

WEBSITE: https://www.remittancetoken.io
TELEGRAM: https://t.me/remittancetoken
WHITEPAPER: https://www.remittancetoken.io/assets/REMCO_White_Paper.pdf
ANN THREAD: https://bitcointalk.org/index.php?topic=4983198
FACEBOOK: http://facebook.com/remittancetoken/
TWITTER: http://twitter.com/RemittanceToken
REDDIT: https://www.reddit.com/user/remittancetoken/
MEDIUM: https://medium.com/@peterojo
LINKEDIN: https://www.linkedin.com/company/remittancetoken/
GITHUB: https://github.com/Remittancetoken

AUTHORSHIP:
MY BITCOINTALK USERNAME: savench
PROFILE LINK: https://bitcointalk.org/index.php?action=profile;u=2396007;sa=summary
ETH: 0x7E6cc119019D0661467285b3AA8Aa5840C806e0C
UNIQUENESS 100%: