Topic: [ANN] REMIIT - ADVANCED UX ON BLOCKCHAIN DAPP (Read 1038 times)

[Opinion] Regulation of Remittances using Cryptocurrency in the Asian Region

During the past month or so, the REMIIT project team conducted a survey of most of Asia and the Western Pacific countries on the regulation of foreign remittance using cryptocurrencies. https://medium.com/remiit/opinion-regulation-of-remittances-using-cryptocurrency-in-the-asian-region-21adcea48e5e

Research Insights — the need of a Blockchain Remittance Platform
REMIIT’s UX Task Force Team went around researching on the need of a Blockchain Remittance Platform and its difficulties.

https://medium.com/remiit/research-insights-the-need-of-a-blockchain-remittance-platform-21ae43f72d74

As I know, remiit was listed on some korean exchange.
Bounty tokens was distributed but most hunters did not receive rewards.
Another "bad story"...

REMIIT’s Advisor Series[Part 3]

https://medium.com/remiit/remiits-advisor-part-3-e7397c010db0

First Meet-Up in Year 2019 https://medium.com/@remiit/first-meet-up-in-year-2019-1249ea2b0d66

REMIIT completed the initial exchange offer in November last year in 2018 through Coinis, the team is going to hold the first meeting in 2019.

The team is constantly working on the project and publishes its news in the telegram channel . Now the market is weak for ICO and all token holders just need to trust and support the team .

is the public ico finished and what is the achievement of the current ico? has the minimum target been reached?

SEOUL, South Korea, Dec. 8, 2018 /PRNewswire/ -- A Blockchain Powered Remittance Platform – REMIIT – completes its IEO through the South Korean cryptocurrency exchange Coinis, raising approximately $2.3 Million over two days.

IEO is an abbreviation of "Initial Exchange Offering" which is a method of fundraising for blockchain businesses where the cryptocurrency of the project conducts fundraising being directly listed on the exchange. The key element to an IEO is to partner with an exchange (or multiple exchanges) to function as the distributor of tokens. Project developers mint the tokens and conduct the sales directly through the exchange, which will then sell the tokens to individual contributors for the corresponding pair.

REMIIT that completed their IEO last November is a blockchain powered remittance platform that builds on Ethereum with the Cosmos Chain as a side chain to enhance the transaction capacity and reduce costs. In the current monopolized remittance industry, REMIIT brings an alternative solution that resolves not only the issues in the banking sector but also the problems that exist in the blockchain remittance businesses. With the REMIIT Smart Contract (RSC) that can be activated with their stable coin REMD at its core, it is expected to minimize the number of intermediaries involved for a faster and cheaper overseas money transfer experience.

After the project launch through the IEO, REMIIT's CEO Stevie An spoke, "REMIIT has many competitors in the industry but there still remains a large amount of market share available for blockchain remittance" and that "REMIIT will capitalize on the previous remittance business experience to speed up the blockchain implementation in our everyday lives."

With the support of the REMIIT project from South Korea, it has demonstrated great potential for the possibilities to grow further in the global sector. Despite the difficulties that may lie ahead, REMIIT stands at the forefront to bring adoption of blockchain technology to our everyday lives.

Good day. Someone has information about the progress in this project? ICO has not started yet and it is still not known when it will start?
Thank you for the current information.

Blockchain Models around Overseas Remittances
Ripple, Stellar and REMIIT

In the previous article (Remittance and Cost of Trust), we discussed the reason behind high fees in overseas remittances, and that the expenses were mainly caused by intermediately banks such as SWIFT network system. Global certified institutions require the premium for the cost of providing “trust”. In contrast to domestic money transfers where it involves only two banks (sending bank, beneficiary bank), a minimum of two banks are required for overseas remittances thus requesting higher fees. In this context, the “network’s complexity” leads to high costs.

The Hawala system and the SWIFT system reviewed in the previous article should be compared considering both “trust cost” and “networks complexity”. To cut to the chase, with legal issues and global scalability problems set aside, systems like Hawala are much more beneficial to senders. Therefore, it would be normal to question next whether a “legal and globalized Hawala system” can exist. The REMIIT project is making this happen.

This article illustrates various blockchain models developed attempting to reduce trust cost and networks complexity in overseas remittances and value transfers. The difference between REMIIT and other models are discussed in three perspectives.

https://medium.com/remiit/blockchain-models-around-overseas-remittances-fdc7a457a7a1

I doubt it as useless information is spread throughout this whole forum about all kinds of projects that are bad and useless as much as the info about them.

REMIIT has offered solutions to address the limitations of remittances and payments. What differences can make REMIIT competitive and grow in the marketplace and enable the community to trust the project?

Like all the others you shill. Stop promoting scams.

Don't really explain or ask anything that refers to this project and I agree this has no benefit whatsoever. Are there any other discussions that are more directed to the project's journey?

Undoubtedly in such projects, you must invest part of your funds, but if you see only as an option, the possibility of fulfilling these obligations, then you need to invest only a part that is ready to lose

I think this is a good project promises high success in the near future and I really like the concept of continuous assessment. I believe that with the platform interesting and solid project will succeed and grow.

You like this? Maybe you can provide a much more elaborate insight into your thought process. This is just worthless.

Interesting platform! Remiit is unique! goodluck to this excellent team!

I believe this is a good project, trust the team will grow successfully and good luck in the implementation of the project!

I really liked the concept of continuous evaluation and improvement of user interfaces.