REMCO to be listed on LATOKEN soon!
LATOKEN is a Top-20 crypto exchange focusing on providing liquidity for new tokens:
● $1 bn+ daily turnover
● 400 k+ registered traders
● 450+ crypto pairs available for trading
Besides crypto trading, LATOKEN users can participate in selected IEOs at pre-sale and crowd sale stages.
Remco to disrupt the $613-billion remittance market and $1.5 trillion global gift card market. Is Remco now the next Ethereum or Bitcoin?
While the first Cryptocurrency Bitcoins has changed our world, the promise of remittance Blockchain is yet to be realized if most of the recipient of money in developing countries and senders still prefer Fiat. The real use case for Bitcoin is a long way because of the technicalities and cost of acquiring and converting to fiat for example.
Just as the Internet protocol revolutionized electronic commerce, video-sharing and disrupted telephony, the next big wave is Remittance token by Remco.
Remco is the first remittance Blockchain that insulates senders and recipients of money from the current rigor and technicalities that is commonplace in the Blockchain world. With Remco, senders and recipients of cash would not know that money has moved over the Blockchain. Why should they?
This is a Triumph of Blockchain technology for the digital currency.
Ethereum allows for the creation of smart contracts that have led to a wave of new Blockchain-based projects and businesses integrating Blockchain technology into their existing business models. Remco anticipates a flurry of activities on its network soon with the parent company and others been the first client under contract.
The early investors in both Bitcoins and Ethereum ICO saw significant gains because they were the initial investors. This first-mover advantage places them ahead of other latecomers.
Remco is making another wave by approaching remittance Blockchain differently based on several years of experience of the team after processing billions of dollars and partnering with the biggest remittance companies in the world.
Remco is a cross-border money transfer Blockchain from developed economies to developing economies, the most significant corridors for sustainable migrant money transmission.
Remco, been the world’s first token generating platform for international transfers, puts it in the league of Ethereum and Bitcoins. The Remittance Utility Tokens is a strong use case, and most importantly, the platform will allow Remittance partners to generate their own native and programmable tokens with a predetermined value and currency type and distribute to senders of money instantly. The fund in the Tokens then attain a higher energy level, becomes more efficient and allows for multiple spends. These attributes are currently not possible with the existing money transmission process.
As an example, sending $100 each to five family members in developing countries may attract a fee of $12 each. That is $60 to send $500! Whereas with remittance token method, the sender only needs to activate the token once. After that, there will not be any interaction with credit card processor, Bank ACH or agents and so senders would not have to pay the fees five times.
The subsequent transfer is carried out over the multi-jurisdictional close-loop method in cents giving the sender a significant incentive to use tokens as has been demonstrated successfully over the last ten months in the US states off-chain, and the recipient will receive fiat into their bank accounts or mobile wallets instantly.
Remco is robust and can accommodate hundreds of money transmitters competing for the global remittances that has grown to a record level of $613-billion in 2017, a 7% increase from $573-billion in 2016, according to the World Bank, and other stored value business use case such as gift cards that is projected to reach $1.5trillion by 2023 according to Allied market research.
While Ethereum and Bitcoin have paved the way for other Blockchain projects, Remco offers a similar and practical Blockchain-based solution that people can use for international fund transfer.
Whether you’re a Crypto enthusiast or a serial investor, Remco asset token should be on your radar.
Visit: https://www.remittancetoken.io
