REMIIT: A New Solution for International Money Transfers
THE REMIIT PLATFORM - ICO
Introduction:
REMIIT is a platform for money transfer and payment. Blockchain connects many different companies and users through a contractual system based on credentials based on credentials. REMIIT strives to provide business scalability in the money transfer business and offers users a cheap and transparent process with cost stability through a two-tier system of tokens. REMIIT wants to create markets and ecosystems that will allow local businesses to grow by offering transparent money transfers to users. The REMIIT project concept also allows MTO around the world to expand its operations in countries and become a reliable money transfer company.
The main goal of Remiit is to break the global money transfer market using blockchain technology, thanks to REMIIT Intelligent Contract (RSC). This platform can be customized in addition to optimizing for money transfer services. This platform allows the sender to use a transparent process when using the REMIIT system. To expand billing services, this platform includes REMIIT Payment Gateway Protocol, an innovative system that is added to the REMIIT Smart Contract system. Payment service providers will be able to diversify their business and can overcome problems that they will never overcome.
HOW REMIIT PLATFORM WORKS:
• RSC (REMIIT Smart Contract) - The RSC system offers affordable rates and a broadband network for all participants using money transfer services.
• Release REMI - REMI is a token used on 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.
THE MAIN FEATURES OF REMIIT CONCEPT:
• The algorithm is optimized for money transfers
• The Escrow service is used for many process participants
• Convenient and easy to configure interface
• It has an RSC communication channel
• RSC Store - data storage
ADVANTAGES OF THE REMIIT PLATFORM:
The main advantages of the REMIIT platform are the involvement of all market participants such as banks, credit companies, money transfer companies, other small organizations and individuals. The blocking technology ensures the maximum transparency and efficiency of all transactions. If you exclude all intermediaries in the transmission chain and gain new users for the platform, the commission fee will be reduced for all transactions. Ensuring the stability of the course by creating two different functional marks.
BLOCKCHAIN:
The first blockchain revolution is Bitcoin and is used for a charge as properly as for remittance with the aid of millions of people. The second revolution is in the blockchain itself. Blockchain is being tested and utilized in diverse industries and related with one another. In addition, no longer solely do financial corporate however additionally corporations from different industries strive to observe the blockchain technological know-how to a variety of areas.
In this sense, it is probable that blockchain would be commercialized in the near future. This technology, similar to the Internet, ought to make the world extra linked and environment-friendly no longer simply in the monetary sector however additionally numerous fields. New sorts of corporations and opportunities that have not existed before would be created, and we need to experience them.
RSC SMART CONTRACT:
The RSC Smart contract was created as the result of many developer tests. It is the main component of the entire transaction system and is continually updated on the basis of customer feedback. RSC uses an escrow algorithm that provides more security for transactions. Its main task is to activate possible financial transactions between interested third parties who are not yet confident.
BUSINESS TARGET:
The main goal of Remiit is to break the global money transfer market using blockchain technology, thanks to REMIIT Intelligent Contract (RSC). This platform can be customized in addition to optimizing for money transfer services. This platform allows the sender to use a transparent process when using the REMIIT system. To expand billing services, this platform includes REMIIT Payment Gateway Protocol, an innovative system that is added to the REMIIT Smart Contract system. Payment service providers will be able to diversify their business and can overcome problems that they will never overcome.
ICO Detailed Information:
ICO Private ICO Details With Advance
Pre ICO September 2018 to October 2018
Public ICO October 2018 to November 2018
BENEFITS OF REMIIT CONCEPT:
a. The system runs on the blockchain platform. Therefore it is clear and safe for all participants. Participants of the system are known for its reputation, which helps eliminate the potential for system fraud.
b. Optimization algorithms make the process quickly and easily. In addition, the price is cheap and affordable.
c. System users can manage credit ratings generated by blockchain transactions, allowing them to manage their credibility and benefit from many other benefits.
d. Intelligent configurable to depositors Small Sekala (eg MTO, the financial institution is intended to expand the easy way to establish collaboration with foreign linkers through trust-based smart contracts.
e. Protocol interface to provide payment that can be used through the Remiit Blockchain Remittances system as a payment processing method without the hassle of going through the Bank.
ROAD-MAP:
TEAM:
PARTNERS:
CONCLUSION:
In conclusion the size of the transfers covers a number of issues related to the centralization of the system. Large companies such as Western Union and other companies account for a large proportion of all payments made in this market. You set your own rules and take a large percentage of the amount for each transaction. The developers of the REMIIT project strive to radically change the entire translation system and take full advantage of the block technology. The abolition of all intermediaries will reduce commissions on transfers and create a transparent, reliable and trust-based ecosystem.
More Details Can Be Read Under The Links:
Website: https://remiit.io/
Telegram: https://t.me/remiit
Youtube:https://www.youtube.com/channel/UCGBJIwJfeuJkAXIIKYFYIzg
Twitter: https://twitter.com/remiit_ico
Facebook: https://www.facebook.com/remiit.io/
Whitepaper: https://remiit.io/static/remiit/images/Whitepaper_REMIIT_Eng.pdf
Author's Information:
My Bitcointalk Username: Dtotti78
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2343031