REMIIT - HYPERCOVERAGE OF PAYMENTS



The REMIIT platform sees itself as an end in itself to become a revolutionary catalyst for a more efficient system of foreign transfers and payments, as well as providing relevant services in every country in the world. 
Transactions of remittances at the international level are slow and inefficient due to such systems as SWIFT, while money transfer operators, banks and non-bank financial companies are not scalable. The commission and exchange rate of the level of global finance is changing in accordance with the political and economic interests between countries. Monetary fees for currency exchange between financial institutions also vary. As a consequence, individuals and legal entities incur losses inconsistent with the operation of exchange, and are limited by barriers to entry into business abroad, and by the corresponding money transfers
Website: [Website: https://remiit.io/ ] (Website: https://remiit.io/ ) 
It should be noted that even now the solution of the problem in this niche of the market is still at the early stages of many innovative attempts and provision of different models
The framework of the new financial model
REMIIT considers the issue from the following angle: the basis for international money transfers is a certain currency for the process of money transfer.
In this regard, and based on the technology of blocking, the REMIIT project has developed REMIIT-SmartContract (RSC) to make the process not just scalable, but global. Each participant of the ecological system REMIIT revolves in the center of business relations. To this end, RSC with its REMIIT-PaymentGatewayProtocol (RPGP) protocol was synchronized for expansion to "payment" through the money transfer platform. Thanks to such an infrastructure of such ecosystems, each participant can create many channels to solve a specific existing problem, that is, the limits of the previous monetary system will be overcome by different channels, the market will expand and the business develop.
The project offers an insignificant commission to B2C categories for business participants of foreign transfers of various levels, as well as the product "REMIIT SMART CONTRACT", which will connect to the extended B2B business format network. RSC also provides interfaces to various participants in the process of money transfers, payments and transactions, in order to more effectively use smart contracts
Dual Token System
The block-binder "REMI-REMD" is a 2-level system of tokens. The format "CryptoParadoxREMIIT" intends to provide REMD as an intermediate currency for the key tool "REMIIT SmartContract". However, in order for REMD to function smoothly as an intermediary currency, a new design is required. It is unequivocal that the crypto currency is based on external exchange rates for currency pairs, which can lead to incorrect volatility with the threat of price stability. The project team identified this controversial situation "CryptoParadox" and developed external REMI and REMD internal crypto currency to solve price fluctuations and duality of the internal business ecosystem
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Author Bitcointalk Profile : thiokoentjoan123

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