At the moment most of the available money is in electronic form. Electronic money transfers have already entered our lives 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.

This transport platform based on the blockages connects the MTO around the world. According to the information published in the reputation system, the official REMIIT website rating, which is a key feature of the platform, allows operators to focus on the money transfer business with other MTO or partners, providing safe transfers. Public ICO will be held between October and November 2018.

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 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 cryptocurrency.

Available MVP: https://share.protopie.io/ZVv8ST1VNE

The first blockchain revolution is Bitcoin and is used with millions of people for rates and bank transfers. The second revolution is in the block chain itself, Blockchain is being tested and used in various industries and related to each other. In addition, not only is a pure financial company but also companies from various industries are eager to observe the knowledge of Blockchain technology in various fields.

In this sense, it seems that the blockchain will be commercialized in the near future. This technology, similar to the Internet, should make the world not only be in the monetary field, but also in many areas that are extra long and respectful of the environment. New types of businesses and opportunities that did not exist before will be created, and we must experience them.

First, the system operates on a blockchain platform. Therefore, it is transparent and safe for all participants. A member of the system is known for its reputation, which helps to eliminate the possibility of fraud in the system. More importantly, optimization algorithms make the process quick and easy. In addition, the price is cheap and affordable to use.

The team behind the REMIIT system is a very good system with great experience for its promotion. System users can manage credit ratings generated by blockchain transactions, allowing them to manage their trust and benefit from a number of other advantages. Users will be able to use the REMI purse as a direct payment method.

• 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

REMIIT creates its own block diagram of block blocks and provides a model REMIIT Smart Contract (RSC), optimized for foreign delivery service providers. RSC was created as a result of the REMIIT development team, as well as suggestions and comments from various participants. This will continue to be updated in terms of quantity and quality for various transfer mechanisms, such as free and global funding, etc. It is easy to find the right model for their situation.

RSC laid the foundation for key scalability. The REMIIT Payment Gateway Protocol (RPGP) is designed to accelerate the development of international payment transactions and the development of a key infrastructure. In addition to sending money directly abroad, foreign exchange transactions should be indirectly linked to all companies requesting payments abroad. However, foreign exchange transactions are always carried out in a closed system of conventional financial systems. The results have been determined so far, this is a great loss for the user and the recipient of the rights.

According to the World Bank, the number of international money transfers in the world in 2016 amounted to about 613.3 billion dollars. The US, which is 2-4% per year. The amount of money transfers from the United States exceeds 130 billion dollars. The USA per year. Secondly, this figure is three times higher than in Saudi Arabia (44 billion US dollars) with a large number of remittances. That's why Western Union, the world's largest transfer brokerage company (20% of the market) and MoneyGram (5% of the market), are in the United States. Currently, money transfer operators, such as today's commercial banks, Moneygram and Western Union, occupy an absolute share of the world remittance market by 94% in 2014.

Large-scale marketing means not only "transfer". Remittances abroad cross with foreign payment markets, which means that there is scope for expanding the business if certain problems are solved. The following example shows the market for sending money abroad and payments are closely related.

The money transfer system 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.

Therefore, the information above about REMIIT, Hopefully, the above information is useful and may be a reference for you when you make decisions to become a part of REMIIT.