[ANN]REMCO : Worlds First Distributed Platform for Money Transfer - page 23.

Ace44

member

Activity: 672

Merit: 11

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?

They sure have some effective means of making their product stand out, like the ability to track card usage and commissions, the tokens are worthless until activated by an agent, i think they have made the token to be seen as something that has a real life application, similar to the traditional ones and different from the usual tokens that we are used to

ivanovmoscow

sr. member

Activity: 798

Merit: 256

Quote from: Sozialtourist on October 20, 2018, 04:58:40 PM

Quote from: NDLcrypt on October 20, 2018, 04:38:59 PM

Quote from: ctrades31 on October 20, 2018, 02:51:49 PM

Currently pre ICO crowd sale is going on with 35% bonus that is huge for me. Even accepting 3 Crypto currencies for payment. But just want to know that, what is the minimum investment for this running sale?

The more bonus - the more then the price will fall on the exchange. I noticed this a long time ago. Especially if the bonus is more than 50%.

Yeah, because the bigger the bonus is, the more someone who got these bonuses can undercut the ICO price and still have profit. But 30 % doesn't seem too much for me, I know of other projects who gave way bigger bonuses.

Many people like bonuses especially to early investors, since they almost twice get tokens per spent bitcoin. But you understand that in such a market without bonuses it is impossible to collect?
We have to play by these rules, giving back the bonus which then ends on the exchange with a sharp drop in price.

bglshimo

full member

Activity: 265

Merit: 100

In money transfer business, recipients need the cash yesterday for buying food, hospital bills, house rent, school fees. This reality won't change anytime soon.
Which company would you trust to design such a remittance blockchain platform?

ethtrader16

copper member

Activity: 658

Merit: 0

Empowering crypto w/ sustainable energy

On Remco website I seen some good benefits of tokens like by using this tokens you can send money to bank account, to mobile wallet and use token to send multiple transactions thereby reducing cost. That's really interesting part I like of this project.

CrypticBabe

jr. member

Activity: 420

Merit: 2

Quote from: Sozialtourist on October 21, 2018, 09:25:36 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.

So how exactly would this work? I mean if I need to send/receive cash, I would still have to go to an office to do so, right?

Probably You Buy REMCO token and send the money to anywhere in this World using services REMCO provides.
Then the receiver will go to nearest money transfer office and will receive them as Cash?

ibininja

member

Activity: 490

Merit: 10

Quote from: gee777 on October 21, 2018, 10:03:25 AM

Quote from: Zombie259 on October 21, 2018, 09:25:18 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?

I used WU only one time, because of the extremely high fees. REMCO will simplify the transfer, you can use an app and you don't need to go to a WU office to transfer money.

But if Remco is going to be a transmitter with WU, will the high fees still stand while remitting directly from remco?

What do you mean?
From my understanding they have been involved with WU it does not mean that they will end up using them. WU can be expensive but I think that is the point of going crypto you basically get rid of most costs.

ctrades31

newbie

Activity: 392

Merit: 0

Quote from: chan001 on October 21, 2018, 01:22:49 AM

Quote from: em777 on October 21, 2018, 12:32:20 AM

Quote from: RyCriptoC on October 20, 2018, 10:56:26 PM

Quote from: NDLcrypt on October 20, 2018, 04:38:59 PM

Quote from: ctrades31 on October 20, 2018, 02:51:49 PM

Currently pre ICO crowd sale is going on with 35% bonus that is huge for me. Even accepting 3 Crypto currencies for payment. But just want to know that, what is the minimum investment for this running sale?

The more bonus - the more then the price will fall on the exchange. I noticed this a long time ago. Especially if the bonus is more than 50%.

Currently pre-sale is going on and in such cases 35% bonus is okay. Considering these investors will not be dumping the tokens after listings. It's small investor or bounty hunter normally do the dumping.

dumping is usually done by bounty hunters and it affects the value of the token but i want to believe the team are having some measures to checkmate things like that

Bounty is important part of marketing and project have to spend money on that. But agree, % of the total tokens should be very limited for bounty.

Yeah, that's true. Because of this reason I guess bounty hunters are getting their rewards late from the admins.

gee777

member

Activity: 728