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Author Topic: [ANN]REMCO : Worlds First Distributed Platform for Money Transfer  (Read 19154 times)
ibininja
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October 26, 2018, 07:37:55 AM
 #301

According to the bar plot shown in the ANN post, India is top in the list of remittances made. No doubt. It will also stay always in the top for next years also.

True, India uses remittance a whole lot. I also don't see anyone overtaking them and I think they will fully adopt the Remco solution is it will be easier for them.

I think there is much competition in Indian and it might not help a startup starting there. I think they have a better shot in places where they are mostly active like the US and Nigeria.

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October 26, 2018, 07:53:03 AM
 #302

According to the bar plot shown in the ANN post, India is top in the list of remittances made. No doubt. It will also stay always in the top for next years also.

True, India uses remittance a whole lot. I also don't see anyone overtaking them and I think they will fully adopt the Remco solution is it will be easier for them.

I think there is much competition in Indian and it might not help a startup starting there. I think they have a better shot in places where they are mostly active like the US and Nigeria.

Is India also the country where Remco wants to start first? Or on which region are they planning to focus on when starting their business?
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October 26, 2018, 08:30:17 AM
 #303

According to the bar plot shown in the ANN post, India is top in the list of remittances made. No doubt. It will also stay always in the top for next years also.

True, India uses remittance a whole lot. I also don't see anyone overtaking them and I think they will fully adopt the Remco solution is it will be easier for them.

I think there is much competition in Indian and it might not help a startup starting there. I think they have a better shot in places where they are mostly active like the US and Nigeria.

Is India also the country where Remco wants to start first? Or on which region are they planning to focus on when starting their business?

India is a highly populous but i don't personally think that is the only factor the team is considering they seem to be more interested in the market by "the market " i mean where it is mostly used

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Owillz
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October 26, 2018, 08:42:14 AM
 #304

According to the bar plot shown in the ANN post, India is top in the list of remittances made. No doubt. It will also stay always in the top for next years also.

True, India uses remittance a whole lot. I also don't see anyone overtaking them and I think they will fully adopt the Remco solution is it will be easier for them.

I think there is much competition in Indian and it might not help a startup starting there. I think they have a better shot in places where they are mostly active like the US and Nigeria.

It all depends on the uniqueness and value that remco is giving when compared to other already existing companies similar to remco. They can actually compete and stay top if they play their cards right.
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October 26, 2018, 09:00:07 AM
 #305

According to the bar plot shown in the ANN post, India is top in the list of remittances made. No doubt. It will also stay always in the top for next years also.

True, India uses remittance a whole lot. I also don't see anyone overtaking them and I think they will fully adopt the Remco solution is it will be easier for them.

I think there is much competition in Indian and it might not help a startup starting there. I think they have a better shot in places where they are mostly active like the US and Nigeria.

It all depends on the uniqueness and value that remco is giving when compared to other already existing companies similar to remco. They can actually compete and stay top if they play their cards right.


well from what i can gather Remco is pretty much on top of their game they obviously know the importance of emerging technologies such as the blockchain and employing those technologies will certainly put them at an advantage.

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Ace44
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October 26, 2018, 09:03:32 AM
 #306

According to the bar plot shown in the ANN post, India is top in the list of remittances made. No doubt. It will also stay always in the top for next years also.

True, India uses remittance a whole lot. I also don't see anyone overtaking them and I think they will fully adopt the Remco solution is it will be easier for them.

I think there is much competition in Indian and it might not help a startup starting there. I think they have a better shot in places where they are mostly active like the US and Nigeria.

It all depends on the uniqueness and value that remco is giving when compared to other already existing companies similar to remco. They can actually compete and stay top if they play their cards right.


Yes, competition does exist in everything but been creative is what separates a good brand from others, yes it can be stiff in India because the already available competitors but they must have done the needed market research before anything, so they will have an impact in the market once they get it right and deliver something that has value and much better than their competitors
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October 26, 2018, 09:22:22 AM
 #307

According to the bar plot shown in the ANN post, India is top in the list of remittances made. No doubt. It will also stay always in the top for next years also.

True, India uses remittance a whole lot. I also don't see anyone overtaking them and I think they will fully adopt the Remco solution is it will be easier for them.

I think there is much competition in Indian and it might not help a startup starting there. I think they have a better shot in places where they are mostly active like the US and Nigeria.

It all depends on the uniqueness and value that remco is giving when compared to other already existing companies similar to remco. They can actually compete and stay top if they play their cards right.


Yes, competition does exist in everything but been creative is what separates a good brand from others, yes it can be stiff in India because the already available competitors but they must have done the needed market research before anything, so they will have an impact in the market once they get it right and deliver something that has value and much better than their competitors

Businesses still strive in environment wherein there are heated competition, if Remco can master their craft they'll do just fine.
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October 26, 2018, 09:29:31 AM
 #308

Quote
Our parent company has Money transmitter and mobile payment licenses and has processed billions in transactions with millions of
subscribers
What is the name of the parent company?

I keep seeing the 'parent company' being mentioned, I've struggled to find this information online. Has anyone successfully contacted the REMCO team and found out this information?

Here it is guys https://www.vtnglobal.com
They have got root in the USA and have financial partnership with quite an handful of financial institution out here plus they have some solid experience in money transfer across the web and on mobile

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Kinkadeinspired
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October 26, 2018, 09:52:28 AM
 #309

According to the bar plot shown in the ANN post, India is top in the list of remittances made. No doubt. It will also stay always in the top for next years also.

True, India uses remittance a whole lot. I also don't see anyone overtaking them and I think they will fully adopt the Remco solution is it will be easier for them.

I think there is much competition in Indian and it might not help a startup starting there. I think they have a better shot in places where they are mostly active like the US and Nigeria.

You seem to forget that competition exists in everything pertaining to life. What you ought to look at is, of all the competition in India, how many has a unique proposal like launching on the blockchain technology as Remco does. Blockchain is being fastly adopted around the world and India is no exception.
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October 26, 2018, 10:29:29 AM
 #310

According to the bar plot shown in the ANN post, India is top in the list of remittances made. No doubt. It will also stay always in the top for next years also.

True, India uses remittance a whole lot. I also don't see anyone overtaking them and I think they will fully adopt the Remco solution is it will be easier for them.

I think there is much competition in Indian and it might not help a startup starting there. I think they have a better shot in places where they are mostly active like the US and Nigeria.

It all depends on the uniqueness and value that remco is giving when compared to other already existing companies similar to remco. They can actually compete and stay top if they play their cards right.


well from what i can gather Remco is pretty much on top of their game they obviously know the importance of emerging technologies such as the blockchain and employing those technologies will certainly put them at an advantage.

Yea, their profile is quite enticing and they seem to know what they are doing, bringing the experience they have so far gathered from the the conventional/traditional industry into the blockchain industry, i see no reason why they won't create a significant impact in the blockchain industry, it requires skills to maintain a standard at the moment
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October 26, 2018, 10:39:54 AM
 #311

Quote
Our parent company has Money transmitter and mobile payment licenses and has processed billions in transactions with millions of
subscribers
What is the name of the parent company?

I keep seeing the 'parent company' being mentioned, I've struggled to find this information online. Has anyone successfully contacted the REMCO team and found out this information?

Here it is guys https://www.vtnglobal.com
They have got root in the USA and have financial partnership with quite an handful of financial institution out here plus they have some solid experience in money transfer across the web and on mobile

Thanks for sourcing this out man, they sure have the qualification, is USA their headquarter?
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October 26, 2018, 10:49:13 AM
 #312

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Our parent company has Money transmitter and mobile payment licenses and has processed billions in transactions with millions of
subscribers
What is the name of the parent company?

I keep seeing the 'parent company' being mentioned, I've struggled to find this information online. Has anyone successfully contacted the REMCO team and found out this information?

Here it is guys https://www.vtnglobal.com
They have got root in the USA and have financial partnership with quite an handful of financial institution out here plus they have some solid experience in money transfer across the web and on mobile

Thanks for sourcing this out man, they sure have the qualification, is USA their headquarter?

Remco team should schedule AMA sessions, many people have questions regarding parents company. I hope they come up with such session soon
ethtrader16
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October 26, 2018, 10:56:27 AM
Last edit: October 26, 2018, 11:09:09 AM by ethtrader16
 #313

Onam have their whitepaper already in 9 languages. Is there any plan about release whitepaper in more languages?

No need for any more languages if you ask me. 9 foreign languages in my opinion is already a lot vlbut anyway, I believe they have reasons for that number though.

That's true. Already have in 9 languages that's enough. But I seen in their telegram channel they are planning for more languages.
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October 26, 2018, 11:01:35 AM
 #314

The problem is that the pie has been divided into pieces in the money transfer market for a long time. Regulators will not let you work in accordance with the law on money laundering.
One violation and the project will be closed and you will find yourself in prison. I advise you to think about how to protect yourself from such actions of the state. May enter kyc for every transfer?
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October 26, 2018, 11:18:13 AM
 #315

Quote
Our parent company has Money transmitter and mobile payment licenses and has processed billions in transactions with millions of
subscribers
What is the name of the parent company?

I keep seeing the 'parent company' being mentioned, I've struggled to find this information online. Has anyone successfully contacted the REMCO team and found out this information?

questions like this are best answered in their telegram channel i would advise you head to their telegram channel with such question
I am also interested to see that the name of parent company. I never heard about it at anywhere or might be I missed this information.
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October 26, 2018, 11:28:25 AM
 #316

Quote
Our parent company has Money transmitter and mobile payment licenses and has processed billions in transactions with millions of
subscribers
What is the name of the parent company?

I keep seeing the 'parent company' being mentioned, I've struggled to find this information online. Has anyone successfully contacted the REMCO team and found out this information?

questions like this are best answered in their telegram channel i would advise you head to their telegram channel with such question
I am also interested to see that the name of parent company. I never heard about it at anywhere or might be I missed this information.

Yeah,  Just saw some replies here about that parent company? I also didn't know that they have some informations about it? Or anyone have a link to this information?

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ibininja
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October 26, 2018, 12:52:42 PM
 #317

Quote
Our parent company has Money transmitter and mobile payment licenses and has processed billions in transactions with millions of
subscribers
What is the name of the parent company?

I keep seeing the 'parent company' being mentioned, I've struggled to find this information online. Has anyone successfully contacted the REMCO team and found out this information?

questions like this are best answered in their telegram channel i would advise you head to their telegram channel with such question
I am also interested to see that the name of parent company. I never heard about it at anywhere or might be I missed this information.

Yeah,  Just saw some replies here about that parent company? I also didn't know that they have some informations about it? Or anyone have a link to this information?

So the way this is all structured is:
The mother company VTNGlobal registered in the US
VTNNetwork the sister company registered in Nigeria
Remco Software is an entity under VTNGlobal
I've wrote about them here: https://steemit.com/remittance/@ethninja/remco-the-crypto-money-order-with-a-plus

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October 26, 2018, 01:16:17 PM
 #318

According to the bar plot shown in the ANN post, India is top in the list of remittances made. No doubt. It will also stay always in the top for next years also.

True, India uses remittance a whole lot. I also don't see anyone overtaking them and I think they will fully adopt the Remco solution as it will be easier for them.

India is against crypto currency and adaptations. Remco is completely in crypto world. Not sure how they can conquer Indian market with their tokens.
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October 26, 2018, 01:23:22 PM
 #319

Quote
Our parent company has Money transmitter and mobile payment licenses and has processed billions in transactions with millions of
subscribers
What is the name of the parent company?

I keep seeing the 'parent company' being mentioned, I've struggled to find this information online. Has anyone successfully contacted the REMCO team and found out this information?

Here it is guys https://www.vtnglobal.com
They have got root in the USA and have financial partnership with quite an handful of financial institution out here plus they have some solid experience in money transfer across the web and on mobile

Thanks for sourcing this out man, they sure have the qualification, is USA their headquarter?

Remco team should schedule AMA sessions, many people have questions regarding parents company. I hope they come up with such session soon
There are also other options like live Q&A with the CEO, does REMCO has one already? if they don't they should try it out.
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October 26, 2018, 01:28:47 PM
 #320

Quote
Our parent company has Money transmitter and mobile payment licenses and has processed billions in transactions with millions of
subscribers
What is the name of the parent company?

I keep seeing the 'parent company' being mentioned, I've struggled to find this information online. Has anyone successfully contacted the REMCO team and found out this information?

questions like this are best answered in their telegram channel i would advise you head to their telegram channel with such question
I am also interested to see that the name of parent company. I never heard about it at anywhere or might be I missed this information.

Yeah,  Just saw some replies here about that parent company? I also didn't know that they have some informations about it? Or anyone have a link to this information?

Very easy. Go through the website or any of their social media and read most of their articles or news. You can even find such information from the web site.
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