REMCO blockchain solution is a tokenised money transfer platform with unparalleled speed, designed for licensed money transmitters.REMCOs technology platform provides money transmitters, agents and customers a proven "out-of-the" box ledger solution to move money at the speed of thought.
VTNGLOBAL, INC. is an existing USA-based payment and business process re-engineering company that has reinvented and refined money transfer technology in a number of ways, including with a new digital token, the RemittanceToken. This uses distributed ledger technology and the company has placed it into a new entity, REMCO Software, Inc. VTNGLOBAL, INC’s platform is used by leading remittance industry partners who have processed over $700 million in the past two years (2016 and 2018) in collaboration with VTNGLOBAL’s sister company based in Nigeria (a country of 180 million that dominates west Africa) that is licensed for both international money transfer and mobile payments. Led by a CEO/CTO with over 15 years of experience moving digital value between developed and underdeveloped countries globally, the company’s solutions address stored value, global remittances (including online money transfer and consumer-facing sending and receiving agents), the transfer process itself, the foreign exchange, regulatory compliance (including licensing), and the involvement of banks or crypto-assets. In 2017, VTNGLOBAL, INC obtained money transmitter licenses in the states of Illinois and Georgia to pilot a stored value prepaid product as a means for money transmission. Both states have large Nigerian diaspora populations and the initial pilots were restricted to Nigeria. In a quiet pilot with African stores and houses of worship this pilot is on a run rate to move $20 million dollars in 2018. Add more states, add partners minting their own customized coins on the RemittanceToken-generation platform, add send locations and recipient countries and the business has the very real possibility of rapidly scaling. This white paper is for an ICO, which is driven by RemittanceToken, a crucial part of VTNGLOBAL INC’s process re-engineering of both the roles of the cash agents of money transmitters and the transmission process itself. REMCO SOFTWARE, INC. proposes to launch its digital RemittanceToken to accomplish these main core objectives: Improve the Stakeholders’ experiences (“good funds” model)
Unify global remittances with a universally-accepted token, the RemittanceToken
Gain operational advantages (Increased transparency, increased record security and increased accuracy)
Reduce the cost of remittances, especially for multiple recipients.
Token infoTokenREMCOPlatformEthereumTypeERC20Price in ICO1 REMCO = 0.08 USDBonusPresale: 50%, 40%, 30%, 20% according to the Whitelist position
Token Sale: 20%, 0%Token for sale1 300 000 000
Investment infoDistributed in ICO65%Soft cap6 000 000 USDHard cap60 000 000 USD