sumurbor: REMCO: the world's first distributed money transfer platform

REMCO (Remenance Utility Token) is the first distributed token generator platform for money transfer. The REMCO token generation platform APIs allow any licensed money transmitter to hit programmable tokens to maximize value and leverage the benefits of distributed ledger, while offering innovative compensation to all parties. stakeholders.

purpose

The token address will store the value and replace the traditional pins or card numbers.

Since the long address of a token may not be practical due to the limitations of mobile phones and computer gadgets, the token address is linked to a set of random integers and other identifiable attributes that will be transmitted. to the buyer (under the Surface to scratch the UV ink on a map) or transmitted to his phone in real time.

PROBLEM:

Money transmitters have few options for creating and expanding their businesses on the rails of others.

1 slow speed

2 high cost

3 fainting commissions

4 difficult entry

5 unstable operation

CHARACTERISTICS:

1 multichannel blockchain

2 successful authorizations

3 faster payment speed

4 commissions for agents

5 artificial intelligence and human experience

Token rebate for money transfer organizations

REMCO remittance tokens connect senders and recipients in the same way that mobile phones connect two people. REMCO's platform provides the infrastructure, the conduit for fund transfer companies to hitting and personalizing their own tokens on a revolutionary open source platform designed for speed, compliance and transparency.

REMCO remittance tokens use a revolutionary money transfer token with an open source platform that allows money transfer businesses to strike and customize their own tokens.

Why the

REMK (Remittance Token) VTNGlobal has processed more than $ 700,000,000 over the past two years and we clearly see the potential for process reengineering combined with distributed registry technology to have a significant impact on the industry. We have designed the REMCO token to be extremely useful and programmable, for example in cases where a remittance partner wishes to offer a promotion.

By creating the technology platform and offering a B2B self-service option, VTNGLOBAL believes that the REMCO token can have transformational effects, not only for its own companies, but also for its partners.

Through this ICO, we will have the necessary funds to fund our project, pay salaries, cover marketing and legal expenses, and invest in research and development, and offer REMCO discount tokens a reduced price. reduced.

RemittanceToken Generation The

Generating entire RemittanceToken addresses follows a random sequence, while the root address follows the distributed ledger process. The token is locked to the delivery organization that distributes it to the agent. If the server was compromised, all token information is encrypted and, furthermore, the activation logic can only be triggered by an agent and only after receiving the payment of "digital funds" associated with one or more RemittanceTokens. All transactions go through the https protocol. The server infrastructure is hosted in a secure location that requires biometric accessibility.

RemittanceToken Security

The token instrument has no value until it is activated by an authorized partner or agent. Risk exposure is negligible because an inactive token can not be used. To activate the token, the agent must access an online interface. At this point, the system knows the delivery agent and delivery organization to which the token belongs.

• RemittanceToken

is designed to deter potential criminal behavior using the most up-to-date AML / CFT procedures, in particular:

The RemittanceToken system allows fund transfer organizations to set usage limits based on their internal AML procedures for the total amount of money from any shipper per day / week / month and Agents can not authorize replacements.

As a prerequisite for the use of the card, the system requires a KYC appropriate for both recipients and senders, as defined by the different jurisdictions, often linked to a prioritized calendar based on the amounts transmitted. This requires that the new user upload identity documents that the system then checks. This information is required only once, unless the system detects that the identification has expired, and then invites the sender to update the documentation.

In addition to the AML limits set by the authorized remittance organizations, the RemittanceToken system goes one step further by recording suspicious activity for further examination.

The RemittanceToken platform retains certain data points required by the record keeping rules, including the identification of persons conducting transactions, paper trail management and

Conclusion

Discount Tokens, as a value stored for money transfer, significantly modernize and enhance the treasury agent model by limiting the "agent" process to the provision of "digital asset funds". This increases the efficiency of agents and fund transfer partners and speeds up the process due to lack of rebilling or refusal