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Author Topic: [ANN]REMCO : Worlds First Distributed Platform for Money Transfer  (Read 19154 times)
Getadaaa
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October 22, 2018, 08:24:01 AM
 #161

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.

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October 22, 2018, 10:08:51 AM
 #162

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.

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October 22, 2018, 10:44:25 AM
 #163

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.
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October 22, 2018, 11:12:55 AM
 #164


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
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October 22, 2018, 11:19:13 AM
 #165

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.
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October 22, 2018, 11:42:08 AM
 #166

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.

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October 22, 2018, 11:46:37 AM
 #167

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.
Kinkadeinspired
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October 22, 2018, 12:09:02 PM
 #168

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.
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October 22, 2018, 12:33:28 PM
 #169

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
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October 22, 2018, 12:47:52 PM
 #170

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.
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October 22, 2018, 12:57:40 PM
 #171


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.
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October 22, 2018, 01:11:52 PM
 #172

Looks like this project has a very good team behind it I hate looking at some of these projects and seeing pictures of kids who look like their still in high school getting their year book picture it's so unprofessional
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October 22, 2018, 01:48:49 PM
 #173

Awesome concept and briliant idea. I regret that I didn't contribute to the private sale stage in this good project, maybe later I will contribute to the public sale stage. Do you have information about how many the total funds raised at the private sale and pre-sale stages, guys?
By the way, Is there a problem with your website? I just tried to visit it, but it said "This site can't be reached". I want to know more how your project works Smiley

Yes all through yesterday the website wasn't reachable i tried it for couple of times and thought it was just me, however I doubt if the information about private sales have been made public at this time by the team

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gee777
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October 22, 2018, 03:23:14 PM
 #174

Looks like this project has a very good team behind it I hate looking at some of these projects and seeing pictures of kids who look like their still in high school getting their year book picture it's so unprofessional

Please did you really check the profiles of the team? Because if you did you will know that they are not kids but very matured and experienced. By the way where are the pictures of high school kids?  Can't find any.
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October 22, 2018, 04:52:56 PM
 #175

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.

This is absolutely true. Project is safe now because of their softcap target achieved. However if they get more investments, it would be good for the project at long term. Benefits will be higher in the long run obviously.
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October 22, 2018, 05:12:50 PM
 #176

If I understand it correctly, REMCO will be using a so-called Multichain blockchain. Does this mean that they are developing their own, new blockchain? Or will the tokens be based on the Ethereum blockchain?

Their token is ERC20 tokens. So I believe they use Ethereum blockchain atleast for the beginning. Someone correct me if I am wrong.

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October 22, 2018, 06:20:34 PM
 #177

If I understand it correctly, REMCO will be using a so-called Multichain blockchain. Does this mean that they are developing their own, new blockchain? Or will the tokens be based on the Ethereum blockchain?

Their token is ERC20 tokens. So I believe they use Ethereum blockchain atleast for the beginning. Someone correct me if I am wrong.

I checked their whitepaper. The Remittance token will definitely be on the Ethereum blockchain. But I am still not sure what is meant with multichain blockchain.
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October 22, 2018, 06:43:10 PM
 #178

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.

Most financial institutions still see crypto as a threat, while some see it as unstable, either way, it's still yet to be embraced by both individuals and corporate bodies, so it's affecting the whole thing but this year has been a good one when it comes to awareness and acceptance even though the market has been unfriendly but the news has been encouraging
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October 22, 2018, 06:47:24 PM
 #179

If I understand it correctly, REMCO will be using a so-called Multichain blockchain. Does this mean that they are developing their own, new blockchain? Or will the tokens be based on the Ethereum blockchain?

Their token is ERC20 tokens. So I believe they use Ethereum blockchain atleast for the beginning. Someone correct me if I am wrong.

I checked their whitepaper. The Remittance token will definitely be on the Ethereum blockchain. But I am still not sure what is meant with multichain blockchain.

Nice. I was initially thinking they were going to build their own blockchain but it is nice that they are using the Ethereum blockchain.
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October 22, 2018, 06:51:56 PM
Last edit: October 26, 2018, 08:23:40 AM by em777
 #180

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.

I'm not really againts to companies like WU or related to money transfer but it's really not good to use them sometimes because of their high fees.


Using net banking we able to send money at wired speed. But that have some restrictions as its centralized.  But using blockchain technology, we can money anywhere in the world now

well blockchain technology will eliminate certain powers in the flow of money, we will see a lot of innovation and for sure i expect the society to change in response to that and since Remco have been operating for sometime now they will help push that transformation

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