Welcome to Remittance.finance

Remittance.finance
3 min readJun 3, 2021

Every year people send 700 billion dollars (USD 700.000.000.000,-) in remittances to family, friends and relatives in their home countries. But the fees for these remittances are high and transfers are slow. Besides, the market for remittances is dominated by a few big players like Western Union, Moneygram and Transferwise, earning them billions of dollars in transfer fees from these remittances.

Welcome to Remittance.finance where we build a platform for CHEAP, FAST, RELIABLE & TRANSPARENT remittances over the blockchain. Participate in Remittance.finance by staking in our cryptocurrency REMIT (& REMIT-X), earning you the coins that will be used on the Remittance.finance platform to send remittances.

Transfer your money cheap & fast over the world, and earn REMIT-X

An impression of our future money transfer platform.

We are building a money transfer platform where clients can transfer their money in any currency or cryptocurrency over the world to any account holder through the blockchain.

Pay for your transfer fees in REMIT and earn REMIT-X. You get rewarded for every remittance transfer!

Yield Staking and Farming

Stake and Farm REMIT to earn REMIT

With Remittance.finance we offer Yield Staking and Farming of the REMIT token (and REMIT-X in a later phase). Yield Farming is a mechanism where our users earn rewards from cryptocurrency capital investment. It follows the staking concept where funds are held in a cryptocurrency wallet to facilitate the transactions in a blockchain network. These digital funds held in a wallet will earn returns though a process of locking them for a certain period.

REMIT token

In the first phase of Remittance.finance we will launch the REMIT token, which is the token that will be used for payments on our future money transfer platform.

REMIT has a total and limited supply of only 15 million coins and will come available on 3 different blockchains to buy, trade and stake in the first place;

- 5.000.000 REMIT on the Etherium blockchain - Developed and audited

- 5.000.000 REMIT on the Binance Smart Chain - In development

- 5.000.000 REMIT on the Polkadot blockchain - Planned

These REMIT tokens can be bought and traded on several exchanges. And you can stake your REMIT to earn more REMIT. The smart contracts will be audited and there is a Halving and Burn function to reduce emissions (if necessary).

At this moment REMIT is still a token on the Etherium network, so you need ETH to transfer your REMIT. REMIT on the Binance Smart Chain is in development and REMIT on the Polkadot blockchain is planned. In the future we will move from these networks and transfer REMIT on our own blockchain.

Useful links:

Website: https://www.remittance.finance

Presale: https://remittance.finance/presale

Twitter: https://twitter.com/RemitFinance

Telegram: https://t.me/RemittanceFinance

Discord: https://discord.gg/J5nxxGvPzq

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