The money transfer and payment sector is not as friendly or open to the current adoption of decentralization and P2P interactions. However this area of services are the most crucial aspects that should be adopted by the blockchain. Through the blockchain and smart contract technologies, REMIIT will ensure to be the benchmark of blockchain adoption where the blockchain can be used for actual business services working with pre-existing Money Transfer and Payment Providers.
Configurable Smart Contract for small scale Linkers (ex.MTOs, Financial Institutions) to expand easily making partnerships with Linkers overseas through the Trust-Based Smart Contract
A Protocol interface for payment providers that can capitalize on the REMIIT’s blockchain remittance system as a means of payment processing without going through banks and intermediaries.
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