The nature of the project

SureRemit is a blockchain based project which focus on having a positive impact on economy of the immigrants and their dependents. At the moment, it is observed that immigrants undergo many hardships when they transfer their earnings to the dependents such as family members or even to friends. SureRemit intends to make a revolutionary replacement on the existing system of remittance sending and receiving.

The current system is comprised of many intermediates in the process of remittance transactions of immigrants to the mother country or any other country. That results in many short-comings of the system which makes a negative impact on economy of households which depend upon income of immigrants.

Unlike large scale business transactions, the income of the immigrants are observed to spend on basic needs of dependents. Such examples are food, medical expenses, utility bills and education. So short comings in the system may have a bad impact more than the economic measures. The SureRemit propose a new system based on block-chain technology which will reduce many of the short-coming in the existing system.

Short-Comings of existing remittance system.

The most predominant short-coming of the system is the wastage of money on charges accounted for transactions. In US it is observed to charge around 10% for transactions of $200,000. Which indeed is extremely high. The reason for this is having to penetrate many layers of intermediates in the process of completing a transaction. So a specific fee will be charged for separate layers of moderators. This will make the income received by dependents much less than the anticipated value. Due to the adverse effects of this situation, even UN have laid their eyes upon this situation. They have proposed models to reduce charges caused in remittance to at least 3% in future. But it will consume a lot of time and also remittance vendors are not satisfied with this approach. But when considering these measures, it could be understood that the situation grabs the attention of even the highest layer of the community.

Security is also a major concern in this situation. If the money transferred does not get transferred to the expected end, that will result in loss of bulk of the money. But this situation is also observed in the modern world. Due to higher charges observed per a transaction, people tend to move to vendors whom provide less transaction fees. But most of the time these services can be illegal and may loot money of the immigrants.

Certain times, the immigrants or the senders require to have a track on what is happening to the money they transfer. But none of the vendors can provide that facility due to the traditional system in existence.

Powered by Blockchain technology.

The SureRemit project has the capability to provide solutions for many of the issues described above. If not it can solve all the issues mentioned above. This is possible due to the nature of the blockchain technology it uses.

This is a decentralized technology which permits users to connect the other end without contacting many layers of moderators. This enables the service to impose no extra charge on the transactions. The system is based on a new crypto currency based platform and can be used as a mode of currency in most of the countries

Even at the time, many of the large scale companies have accepted SureRemit as a mode of currency. And of course is expected to be een further popular among the companies in time to come. And also, in countries like Kenya where the system is in existence, it is observed that majority of the retail service and goods providers provide the flexibility of using SureRemit.

So as a result of these, transactions will be transferred in the initial amount to the receivers.

The blockchain technology is developed so that it cannot neither be hacked nor accessed without permission. This will provide users with extra guarantee on the money they earn. This is tested and assured by every expert in the industry.

Of course this being a transaction of a digital currency, the senders will be able to keep a track on what happens to the money they transfer. This is an additional service where none of the modern vendors are capable of providing.

A Different Approach.

Most of the crypto platforms are based on either BTC or ETH. But SureRemit is based on GAS. This decision is taken considering many of the spheres. GAS will be less based upon behavior of other crypto currencies and as a result will be more stable in the markey. This will enable the transactions to have no effect on net worth of the money transferred.

GAS is observed consume very less time per transactions and will result in faster transactions.

Being a part of this Global event

The project has started its initial coin offering (ICO) recently. But being a promising project, the offerings are almost coming to an end. It is advised to be as fast as possible to acquire a portion of the offering. Or else it will be too late

Web Site- https://token.sureremit.co/

Whitepaper- https://token.sureremit.co/SureRemit-WhitePaper-v.1.21.pdf

Telegram- https://t.me/sureremit

Facebook- https://www.facebook.com/sureremit

Twitter- https://twitter.com/SureRemit

My Details

rathnayake

https://bitcointalk.org/index.php?action=profile;u=1503176