[ANN]REMCO : Worlds First Distributed Platform for Money Transfer - page 21.

Sozialtourist

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Quote from: faulerwilli on October 22, 2018, 07:12:55 AM

Quote from: ibininja on October 22, 2018, 06:08:51 AM

I've always wondering why money transfer agencies did not adopt crypto yet. I mean all indications show they could really make use from it. I mean they could lower their fees and attract more transactions rather than increase fees and lower they volume.

Because they all think in far too small times. They only see the next quarterly figures, but they are not interested in what could be in two years' time. Luckily, not all are the same, as you can see in Remco. The profit from this that others do not want to make progress

I was also asking me the same thing. I mean, technically in a world with full crypto adoption you wouldn't need money transfer agencies anymore. When you can pay with cryptos everywhere it's easy to send it from one country to the other end of the world instantly. No need to actually go to a money transfer office to get your money. So if these money transfer agencies wanna survive they should definitely get involved in cryptocurrencies.

ethtrader16

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Empowering crypto w/ sustainable energy

Quote from: ctrades31 on October 22, 2018, 08:33:28 AM

Quote from: Kinkadeinspired on October 22, 2018, 08:09:02 AM

I know the team is working hard and this forum is not an easy place to follow up on questions. But the team can do well to mount at least one member here to answer questions.

That's true, someone's from the admin should be present here to answer of user's questions. Side by side people should join their twitter channel to get updates: https://twitter.com/RemittanceToken?s=09

Thanks for the twitter link. But guy's if I want to know more about Remco then where should I ask? Because I couldn't found the telegram channel link on their homepage.

ctrades31

newbie

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Quote from: Kinkadeinspired on October 22, 2018, 08:09:02 AM

I know the team is working hard and this forum is not an easy place to follow up on questions. But the team can do well to mount at least one member here to answer questions.

That's true, someone's from the admin should be present here to answer of user's questions. Side by side people should join their twitter channel to get updates: https://twitter.com/RemittanceToken?s=09

Kinkadeinspired

copper member

Activity: 644

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I know the team is working hard and this forum is not an easy place to follow up on questions. But the team can do well to mount at least one member here to answer questions.

nesh1

full member

Activity: 448

Merit: 110

Quote from: appraiser on October 22, 2018, 06:44:25 AM

Judging by the schedule on the main page of the site - the minimum collection limit has been collected, and the project can be considered almost complete. I am sure that this money will help you develop your remitance system and obtain additional licenses in this difficult area.

Yeah i agree with you they have already achieved their softcap and that means a lot in the current state of the market, how are they going to attract investors in public sale 1 and 2 as they do not have any bonuses there.

Getadaaa

jr. member

Activity: 448

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Quote from: benres on October 22, 2018, 07:19:13 AM

A very ideal platform to be able in trading or exchange fiat or crypto to a multichain system of blockchain. This will surely solve the most issues regarding the cryptocurrency industry right now. Adaptability, scalability and the mass adoption will be resolve even if it takes a couple of years as long as this are fundamentally resolved in the long term of the cryptocurrency industry.

We all have a role to play. Unlike most projects recently, REMCO has the potential to solve Blockchain backlog issue which is adoption.
If it succeeds with adoption by top firms, which is likely because the team got connections.

benres

full member

Activity: 476

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A very ideal platform to be able in trading or exchange fiat or crypto to a multichain system of blockchain. This will surely solve the most issues regarding the cryptocurrency industry right now. Adaptability, scalability and the mass adoption will be resolve even if it takes a couple of years as long as this are fundamentally resolved in the long term of the cryptocurrency industry.

faulerwilli

full member

Activity: 994

Merit: 140

Quote from: ibininja on October 22, 2018, 06:08:51 AM

I've always wondering why money transfer agencies did not adopt crypto yet. I mean all indications show they could really make use from it. I mean they could lower their fees and attract more transactions rather than increase fees and lower they volume.

Because they all think in far too small times. They only see the next quarterly figures, but they are not interested in what could be in two years' time. Luckily, not all are the same, as you can see in Remco. The profit from this that others do not want to make progress

appraiser

member

Activity: 532

Merit: 10

Judging by the schedule on the main page of the site - the minimum collection limit has been collected, and the project can be considered almost complete. I am sure that this money will help you develop your remitance system and obtain additional licenses in this difficult area.

ibininja

member

Activity: 490

Merit: 10

Quote from: Ace44 on October 22, 2018, 04:20:22 AM

Quote from: Getadaaa on October 21, 2018, 09:29:08 AM

Quote from: AngelJoshua on October 21, 2018, 09:16:39 AM

Quote from: chan001 on October 21, 2018, 07:41:40 AM

Quote from: RyCriptoC on October 21, 2018, 07:37:54 AM

Quote from: Getadaaa on October 21, 2018, 06:00:19 AM

Quote from: Ace44 on October 21, 2018, 05:03:23 AM

Quote from: nxnqauff on October 20, 2018, 11:58:39 AM

Quote from: CrypticBabe on October 20, 2018, 10:44:46 AM

I see you're making a Platform to make Money transfer worldwide Easier!
And seem to have a good number of Partners listed in website!
But services like WU transfer really interested in being decentralization with REMCO?

Who is the nearest competitor for Remco? Is it closer to Paypal? As far as I know, Paypal does not use blockchain. There are lots of room for improvement in this field. No doubt about it.

Yea, paypal is not a decentralized platform, so the mechanism in place for REMCO is quite different from that of paypal, that's something to leverage on and we know that the blockchain industry has so far been proven to be a lot faster than the traditional means of transactions, though a lot of improvements still needs to be done and i realize that their security process is quite unique

This project would bring together top firms in money transfer together. REMCO would revolutionize a multi billion dollar global remittance market. They plan to build a platform to allow any licensed money transfer firm.
Migrant workers globally have to send some money back home intermittently. REMCO tokens would cut down the high money transfer fees.

So now we don't have to visit any WU offices to send or receive money? It will be done online using blockchain technology?

This is what is my understanding as well. Now we don't have to visit any money transfer service provider office.

As of now most of us are relying on the most convenient way and thinking about even transfering money online is much easier now. We already know that we can transfer money online but what will be the difference if we're going to use the REMCO service?

REMCO services would be a platform for these licensed money transfer companies to run their platform. With that it’s cheaper or a reduced cost of transaction for users. I hope they get partnerships, that would use their multi chain.

Probably they will, they already got some huge partnership lined up from the traditional financial sector and with proper implementation and support they are likely to hit the intended requirements that will motivate others to come in, between, it will be best if they have like a response team here to help out with some questions as the project is a bit techie

I've always wondering why money transfer agencies did not adopt crypto yet. I mean all indications show they could really make use from it. I mean they could lower their fees and attract more transactions rather than increase fees and lower they volume.

Getadaaa

jr. member

Activity: 448

Merit: 3

Quote from: phantam on October 21, 2018, 07:27:11 PM

Every project like this has to deal with volatility of the market luckily things have been stable recently but for the most part Remco team I’m sure is making provisions to assure the volatility doesn’t cause too many issues

Yh. Market is stable for some days now. But we can’t be sure it’ll be same in few days coming. There has to be a provision made, because crypto market is volatile. Eth/REMCO pair could be pegged to protect early investors.

Ace44

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