



Remittance and Escrow are two of the biggest industries in the world, nearly everyone needs to send money to each other. Sometimes financial transactions are sent between friends sometimes it is business to business, there are so many different types of payments people need to send it blows my mind.

Companies and businesses sending payments to other businesses, grandparents sending financial gifts to their children and grandchildren, over $1 billion non-cash financial transactions are sent every day. A massive market that is worth billions, this is the type of market any company would hope to tap into and this is what the REMCO project is aiming for.





REMCO Introduction

REMCO token hopes to take over some of the ginormous electronic payment markets that is dominated by companies such as PayPal, Skrill, Amazon and Apple Pay. REMCO is actually the first distributed token generation platform based on the blockchain that wants to gain a large market share and has some brilliant features and ideas that will help them achieve this.

They are owned by their parent company that processes millions of transactions every year for companies such as Western Union and many others. Some of their parent companies business partners include businesses like Visa, MasterCard, Boss Revolution, TransferTo and TransFast.

They are also linked to Standard Chartered, EcoBank, CITI Bank, Fidelity, FirstBank, Skye Bank, FCMB, Heritage Bank and many others.

They also have three US state money transmitter licenses, a mobile payments license, an international money transmitter license and instant access to 3.6 million subscribers.





REMCO Proposition

REMCO is offering a brand new take on international payments by implementing blockchain technology. The blockchain makes payments more transparent and a hell of a lot more efficient as speeds will increase and fees will reduce vastly.

Currently, international payments and money transfers are flawed, they lack consistency, costs vary with little to no explanation and there are poorly kept records with barely any regulations or compliance.

REMCO fixes this with their solution, they are focusing on markets and countries that send lots of money that can be sometimes ignored or unfairly overcharges by existing payment transmitters. The forecast of remittance in Africa in 2018 is $39.2 billion, in 2017 Nigeria was the top recipient with receipts of $22.3 billion funds which is planned to increase this year.

This is the market that REMCO wants to tap into as well as India which is worth $69 billion, China is second worth $64 billion followed by The Philippines, Mexico and Egypt.

As I mentioned earlier a lot of companies ignore these rising countries with large markets and big opportunities for potential growth. Maybe by REMCO focusing on these select countries they can become market leaders that other companies will look up to in the future and rue their missed chances to take over an industry that provides so many fruitful rewards.

REMCO Links:

Website — www.remittancetoken.io

Facebook — www.facebook.com/remittancetoken/

Twitter — www.twitter.com/RemittanceToken

Telegram ANN — www.t.me/RemcoNews

Telegram Bounty Chat — www.t.me/remcobounty

Bitcoin Talk ANN — www.bitcointalk.org/index.php?topic=4983198

Bitcoin Talk Bounty — www.bitcointalk.org/index.php?topic=4989188

Medium - www.medium.com/@peterojo

Slack - www.remittancetoken.slack.com

Email: [email protected]

