How Bremit Works (Explanation)

  • Amount and Rates :(Sender can put their own exchange rate for the amount they want to send)
  • Receipt Details(Tell whom you want to transfer)
  • Sender Details(Tell how do we contact you)
  • Payment Details(How do you want to deposit the amount?How do you want your receiver to accept it?)(Bank Transfer, Wallet Transfer, Collect cash)
  • Send(Confirm your request)
  • Money Transfer Request Listing(All the request from the sender will be available on Request Pools )
  • Bremit Node Assignment(Bremit Nodes can access the Request Pool and can accept/counter offer if they like it)
  • Collect the fund from sender(Nodes will collect the payment as per defined the terms)
  • Node send the user request into Blockchain(Node has to send the sender’s request with equivalent tokens into blockchain)
  • Money Transfer Request Listing(The relevant request will list on the country Request Pool with details of receipt and payment mode )
  • Bremit Node Assignment(Bremit Nodes can access the Request Pool and can accept offer if they like it)
  • Distribute the fund to Receipt(Node accept the request and distribute fund) (Bank Transfer, Wallet Transfer, Collect cash)

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Uber for Cross Border Money Transfer. Blockchain based peer to peer decentralized remittance platform. https://www.bremit.io

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BREMIT

BREMIT

Uber for Cross Border Money Transfer. Blockchain based peer to peer decentralized remittance platform. https://www.bremit.io

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