INTRODUCTION
When REMIT faces globalization, obstacles between countries have diminished and global interactions between people and goods have become more comfortable. Especially because of the increase in the internet, the range of remittance transactions and overseas fees is increasing rapidly. Even though such a huge market has spurred monopolistic monetary institutions, the obstacles between customers are still excessive and transparency continues to be a permanent problem. First, transactions «foreign money transfers» are slow and ineffective because of systems such as the SWIFT network while Money Transfer Operators such as banks and non-bank Fintech organizations have limitations in scalability and development.
Furthermore, the «exchange rate» that appears when discussing world finances changes when we examine depends on the political and economic hobbies between countries. In this situation, there are many revolutionary efforts to destroy inefficient construction through applied science mainly based on blockchain. Core knowledge technology from the first generation blockchain is used to be transparency and security through Distributed Ledger Technology.
What REMIIT Blockchain Remittance Payment Platform Offers
The Remiit system will be a catalyst of globalization by decentralizing the remittances and payments. The REMIIT system will create the remittance systems and the current payment systems more open and transparent. It will also allow money transfer operators (MTOs) and the financial institutions to create a community of cross-border remittance, with a guarantee of trust and good reputation.
Remiit is built on the blockchain platform, and it will be able to connect every MTO in the world. They have a system that evaluates the reputation, which is a key component of the project. This evaluation enables the operators to do their remittance business with the other MTOs in the world securely and safely.
We have just discussed that the remoteness and price have a variety of problems. These cases have been discussed in block-based solutions.
Transfer high capacity sending money. However, this is a lexical meaning in the dictionary. From the company's point of view, remittances are not just a transfer, but additional repayments and, in addition, "what happens when we send and receive something." REMIIT remotely reflects the issue of remotely located remotely remotely remotely located remotely remotely remittances located Here are some of the issues that our platform wants to address.
Reliability and safety issues
Cost-effectiveness (commission and efficiency)
Infrastructure problem
SOLUTION TO PROBLEM:
REMIIT intends to introduce innovation into commercial companies "what happens when we send and receive something" from a new perspective. This is a place where REMIIT's private ecosystem is based entirely on the technology of blockchain technology know-how. REMIIT has developed REMIIT Smart Contract so that the system is effectively scaled. Every participant from REMIIT Ecosystem is at the center of business relations.
Thanks to this ecosystem infrastructure, each participant can create many channels to overcome existing problems. Ultimately, barriers from the previous external trade ecosystem will be overcome through the use of more than a few channels, the market will grow, and businesses will grow.
ICO DETAILS
Private ICO In
Preparation Pre ICO September 2018 to October 2018
Public ICO October 2018 to November 2018
TOKEN SALES
For further information visit the sites below;
Website: https://remiit.io/
Whitepaper: https://remiit.io/static/remiit/images/Whitepaper_REMIIT_Eng.pdf
Telegram: https://t.me/remiit
Reddit: https://www.reddit.com/r/REMIIT/
Author: menoharrison
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1734340