Thursday, September 6, 2018

Remiit ( REMI ) – No Intermediation Remittance Service


REMIIT is a decentralized system connects MTO to the world. According to information posted on its official website, system REMIIT reputation score, which is an essential platform capability allow the operator to focus on activities to transfer money MTO or other partners, ensuring a secure transmission. The public ICO will take place between October and November 2018 globally
The tasks of REMIIT
The main goal of Remiit is to destroy the global money transfer market with RCHIIT Smart Block (RSC) technology. This platform is customized and optimized for shipping services. This platform allows the issuer to implement transparent processes using the REMIIT system. To extend the service before payment, including the payment platform for the REMIIT Gateway Protocol, which is an innovative system adds in the contract REMIIT Intelligent Systems. Payment service providers will be able to diversify their activities and overcome problems that have never been solved
What does the Blockchain Release platform offer for money transfers?
Revolutionery REMIIT system mandate and also the system will serve as a substance for globalization concluded the decentralization of expenses and payments. The REMIIT structure will generate a more exposed and clear money transmission scheme and payment scheme. It will also permit payments from operators (MTO) and monetary institutes to generate a cross-border communal money transmission with a pledge of trust and respectable status. Remiit is based on the blockchain system and can connect all the MTO systems in the world. They have a structure that assesses reputation, which is a key element of the mission. This valuation permits operators to strongly transfer their actions to other ITOs around the world and it can be identifying as a plus point in the whole system of REMIIT
How REMIIT works
• RSC (REMIIT Smart Contract) – RSC system offers low rates and broadband networks for all participants, who can use the paid service
• REMI Insurance – token used on a platform to make the entire REMIIT ecosystem stable and active
• RPGP (REMIIT Payment Gateway Protocol). Sellers use this interface to pay via the system
REMITI function
• This algorithm is optimized for money transfers
• The escrow service is used for several participants in the process
• The system user interface is easy to use and configure
• It has a communication channel RSC
• Srore RSC: To archive data
ADVANTAGES DISADVANTAGES
For beginners, the system runs on the blockchain platform, making it transparent and safe for all participants. Buyers measure their reputation, which eliminates any potential fraud in the system. It is important to emphasize that optimized algorithms make the process simple and fast. Plus, the price is cheap and easy to use
The team behind the REMIIT system has a lot of experience in taking care of it. System users can manage the credit reports generated by the chain transactions, allowing them to manage their trust and many other benefits. Users can also use the REMI wallets directly as a means of payment
In addition, the “exchange rate” that appears when analyzing changes in global finance depends on the political and economic interplay between countries. In this situation, there are many revolutionary efforts to destroy inefficient construction through applied science, which relies mainly on block chains. The primary knowledge technology of first-generation blockchain used to provide transparency and security using distributed Ledger technology
What does the Blockchain Release platform offer for money transfers?
As we said before, the reference system will be a catalyst for globalization over the decentralization of expenses and payments. The REMIIT structure will generate a more exposed and clear currency transmission scheme and payment structure. It will also permit money transmission operators and commercial bodies to generate cross-border money transmission communities with an initiate of trust and good reputation. Remiit is based on the blockchain system and can connect all MTO’s in the world. They have a system that evaluates reputation, which is a key component of the project. This assessment allows operators to securely transfer their business with other ITOs around the world.
High-speed money transfers. However, this is a lexical meaning in the dictionary. From a business perspective, remittances, not just transfers, but also more than payments and, more importantly, “are what happens when we send and receive something.” REMIIT Remote remotely displays problems remotely. These are some of the problems that our platform wants to solve
• Reliability and security
• Profitability (commission and efficiency)
• Infrastructure issues
Solution Given
REMIIT intends to introduce the innovation in the commercial companies “what happens when we send and receive something” in a new perspective. It is a place where the REMIIT personal ecosystem is based entirely on technological knowledge of the blockade. REMIIT develops intellectual contracts REMIIT, so that the system is effectively reduced. All REMIIT Ecosystem participants are at the center of a business relationship. With this ecosystem-based infrastructure, each participant can create many channels to solve existing problems. Ultimately, the barriers of past external business ecosystems will be overcome through the use of multiple channels, markets will grow and business growth will increase.
The Conclusion
In this region, there are start-ups, but REMIIT is just an innovative and highly protected platform that promotes global transactions in which companies and partners can work freely and easily, so that the business grows. This project aims to stabilize this ecosystem and REMIIT is currently developing an innovative economy. The concept and content of the market economy will continue to be updated in the near future
Official Links for More Details
Official Website: https://remiit.io/
Whitepaper: https://remiit.io/static/remiit/images/Whitepaper_REMIIT_Eng.pdf
Telegram: https://t.me/remiit

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