At the moment most of the available funds are in electronic form.
Electronic money transfers have already entered our life as an everyday business and have taken an important role in the development of the economy. In recent years, the large push to popularize remittances has been influenced by the increase in migrants. They usually leave their home countries for work and send a portion of their earnings to their families each month, using money transfers. If you combine all the translations in one amount, then the figure will be huge! But in not everything is as smooth as it seems. In the field of remittances, there are also problems associated with lack of trust in banks or in intermediary companies from clients. In connection with existing problems, many customers are looking for alternative ways to solve these problems. In the era of blockade technology, it has now become much more convenient and safe.
Platform
REMIIT is a unique project that aims to achieve the highest level of trust and to unite companies engaged in money transfers and their clients through the provision of a transparent and secure decentralized site for remittances.
At the moment, there is a serious problem in using crypto currency as a means to transfer its funds due to its high volatility and low liquidity. REMIIT offers its users an innovative solution for money transfers using two kinds of own tokens, which will have different tasks.
Technology
The platform will use 2 kinds of tokens, which will have different functions.
The first token will be called REMI. It will be used for trading on external exchanges
The second REMD token will serve for transfers and it can be purchased only on the internal exchange platform. Both tokens can be converted to either side. The developers have conceived this division to reduce all risks associated with the unforeseen collapse of the course. For the implementation of the transaction will meet the network's miners. They will use certain templates of smart platform contracts to ensure the reliability and security of transactions, for which they will receive a fair reward in REMI tokens. To ensure smooth operation, linkers (money transfer operators) will use a certain protocol and a REMIIT smart contract.
The RSC smart contract was created as a result of many developer tests. It is the main component of the entire transaction system and will be updated continuously based on customer feedback. RSC uses an escrow algorithm, which will give it more security for transactions. Its main task is to activate possible money transactions between interested third parties who do not trust each other yet.
The Protocol Gateway Protocol (RPGP) will aim to increase the scalability of the platform in the international market and serves to develop the REMIIT ecosystem. It is planned that the protocol will help involve more different companies for international transfers. The RPGP protocol paired with the smart platform contract is the main link of the whole ecosystem, which in the future will become a new solution in the field of cash payments.
The REMI wallet is available on the platform for clients, which will have a convenient and simple updated interface. It will have functions not only of the usual purse - translation and management of crypto assets, but also the possibility of trading and exchanging crypto currency.
Benefits
The main advantages of the REMIIT platform are the involvement of all market participants, such as banks, credit companies, money transfer operators, other small organizations and individuals. Through the technology of blocking, the maximum transparency and efficiency of all transactions is ensured. Excluding all intermediaries in the transfer chain and attracting new users to the platform, the commission fee for all transactions is reduced. Ensuring the stability of the course by creating two different tokens of functionality.
ICO procedure
✅ Token: REMI
✅ PRE-ICO: Mid-October to mid-November
✅ MAIN ICO: Mid-November to end of December
✅ Softcaster: 5,000,000 USD
✅ Hard disk: 20,000,000 USD
✅ Price of the token: 1 REMI = 0.01 USD
✅ Deposit: ETH
✅ Icobench 4.5
The project team
More information about the team can be found on the project website https://remiit.io/
Conclusion: The scope of remittances does cover a number of problems related to the centralization of the system. Large players, such as Western Union and other companies, have a large share of all payments made in this market. They set their own rules, taking for each transaction a large percentage of the amount. The developers of the REMIIT project strive to radically change the entire translation system, taking advantage of all the advantages of blocking technology. Removing all intermediaries, this will help reduce the commission for transfers and create a transparent, reliable ecosystem based on trust. Particular attention should be paid to the team, which consists of people who have long worked in the field of international money transfers. I think the project has all the prerequisites to become one of the leaders in the market.
Basic Project Links
Official site: https://remiit.io/
Telegram channel: https://t.me/remiit
Facebook: https://www.facebook.com/remiit.io/
Twitter: https://twitter.com/remiit_ico
Whitepaper: https://remiit.io/static/remiit/images/Whitepaper_REMIIT_Eng.pdf
ANN Thread – https://bitcointalk.org/index.php?topic=4929374
Author: eyangcrypto
https://bitcointalk.org/index.php?action=profile;u=1958348
Eth:
0xA35213de7bdaBE7C3718F570b3B33727A2eC79c5