REMIIT ICO

I am hoping to give you a teleportation portal (or path). This path is not the path that many have used, it is a path only for you.

If you have curiosity about a new world and the enthusiasm to fulfill it, you will no longer be required to compete with anyone on your existing path or take a loop around it.

If you choose the final destination of the path, we will provide you with the means of opening it.

The open path will take you to your final destination in a blink of an eye and allow you to achieve your purpose.

It is a way not only removing obstacles or preventing you from taking the wrong paths, but it is a path

only for you that does not get exposed to trivial dangers.

OUR MISSION

Resolve Trust Issues between Businesses Enhance User Experience for End Users

Based on our experience as BluepanNet (MTO), we have discovered many issues in overseas remittances.

We want to resolve it through

• Blockchain Integration

to the current commercial systems

• Stabilizing the Token

with a sophisticated TokenEconomy

• Develop an Infrastructure

for Linkers (e.g MTO, Financial Institution)

THE REMIIT Platform & Technology

REMIIT Platform & Blockchain Adoption

The money transfer and payment sector is not as friendly or open to the current adoption of decentralization and P2P interactions. However this area of services are the most crucial aspects that should be adopted by the blockchain. Through the blockchain and smart contract technologies, REMIIT will ensure to be the benchmark of blockchain adoption where the blockchain can be used for actual business services working with pre-existing Money Transfer and Payment Providers.

Problem

We have briefly discussed above that the existing overseas remittance and payment methods have a variety of problems. These are real stories attributable to the current economic structures and lifestyles, which have been viewed as problems that have been repeatedly and continually raised by numerous companies that have already worked on blockchain-based solutions. The core problems raised are overseas remittances having expensive fees and slow transaction speeds. These companies have each suggested various solutions against these issues.

Solution

REMIIT intends to innovate the business of "what happens when we send and receive something" from a new perspective. This is where REMIIT's own Ecosystem based on blockchain technology comes into place. At the heart of the overseas remittances/payment, there lies the foreign exchange for remittance process. REMIIT has designed the REMIIT Smart Contract (RSC) to make the process to scale efficiently. Each participant in the REMIIT Ecosystem are placed at the center of the business relationship. To do this, the REMIIT Smart Contract (RSC) with the REMIIT Payment Gateway Protocol (RPGP) have combined to expand to "payment" through the remittance platform.

REMIIT Smart Contract

Configurable Smart Contract for small scale Linkers (ex.MTOs, Financial Institutions) to expand easily making partnerships with Linkers overseas through the Trust-Based Smart Contract

REMIIT Payment Gateway

A Protocol interface for payment providers that can capitalize on the REMIIT’s blockchain remittance system as a means of payment processing without going through banks and intermediaries.

Platform businesses

Platform businesses play as catalysts for international business. These facilitate foreign business players to connect end consumers to various sales agents for the invigoration of related international business. REMIIT allows each participant to have payment contact points in a more efficient way, which can increase competitiveness and speed up the expansion of the ecosystem.

Why Now Blockchain

Currently, various attempts are being made to commercialize the blockchain, so it is time that REMIIT Ecosystem plays an important role for overseas remittance and payment. Unlike the past when the SWIFT code was taken for granted, many fintech companies tried to develop various programs and apps to tackle the issues (slow process, high cost, etc.) derived from the SWIFT code.

Every time new technology is introduced, it is not always accepted with full trust. In the 1990s for example, online banking was not stable and reliable either. Since 1990s, however, e-commerce and many technologies including online banking have been enabled by innovation. New technology, despite its limitation at first, improves over time and improves our standard of living. Now, another new technology has come to the world: BLOCKCHAIN.

Remiitance Market Size

According to the World Bank, the amount of international remittances worldwide in 2016 was about US$613.3 billion, which has steadily grown by 2-4% every year. The amount of overseas remittances only from the United States exceeds US$130 billion each year. Second, this figure is three times that of Saudi Arabia ($44 billion) which has a large outflow of remittances.

Payment Business

The market size of overseas remittances does not signify the “transfer” alone.

Overseas remittances are overlapped with the overseas payment market, which means there is a potential business expansion opportunity if some of the problems are resolved. The following example shows that the overseas remittances market and the payment are closely linked. 

Initial Token Distribution

Sale Proceed Allocation

ROADMAP

For more information about the Remiit Project, please visit the site below:

| WEBSITE | WHITEPAPER | TELEGRAM | ANN THREAD | BOUNTY |

Author: Sixa

| BCT PROFILE |

ETH Address: 0x0925bF518cfc72B18eDc703251827FBEb0611649