How can the Remiit system work?

Remiit can issue 2 styles of tokens: REMI and REMD. REMI might be listed on external exchanges or reborn into REMD at a group rate. REMD might be listed for order or cryptocurrencies on Remiit's own internal suburbanized exchange (REX), out there solely to platform participants. REMD also will be used for the particular remittances. Linkers (that is, cash transfer operators and alternative participants on either end) can have access to many customisable REMIIT good contract templates that might be accustomed move cash between every other's shoppers in REMD, which is able to be mechanically reborn to native order currencies at a secure minimum rate. good contracts can incorporate AN written agreement practicality. Linkers are rewarded for his or her efforts with REMI tokens, receiving a bigger quantity betting on what quantity time it takes to clear the dealings.

Linkers are supplied with protocols for transactions, every of which is able to have its own communications channel to prepared any issues as they are available up. Remiit can give KYC/AML tools with standardised formats for all countries. each dealings and legal information are keep on the blockchain. kinder|the previous} are accustomed form visible reputations for all participants, whereas the latter can enable antecedently submitted KYC/AML data to be remembered by the system, removing the requirement to render it. additionally to storing tokens, the REMI case can enable users to review and manage all of these options and will even be used for direct payments. Later on, Remiit plans to modify overseas purchases through its system by means that of a Remiit Payment entranceway Protocol that will integrate its system with merchants.

more info: https://remiit.io/

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