An article illustrating the market potential for remittance
http://qz.com/775159/theres-a-500-billion-remittance-market-and-bitcoin-startups-want-in-on-it/
There seems to be some confusion as to why we are not releasing the remittance app.
My understanding is that the application is ready to launch, and they are waiting for a partnership signing that will get them on board with the project.
There's an ongoing thread on reddit, which for all intents and purposes will serve as a better discussion ground for any bitcoin related queries.
Link here.
As for the position that DCC is taking, this is taken verbatim from one of the post that perfectly illustrates the same business model undertaken by DCC at the moment
Each individual remitter goes to our on-ramp partner, gives them fiat, and then these partners send us BTC, which we convert back to fiat and deliver to the recipients. They send BTC with every transaction using a vendor partner dashboard we provide them. Sometimes they use the vendor credit option and send us a big chunk of BTC in advance, which costs the same as any btc transaction so it doesnt take days to clear and won't get held by the banks for some reason (this happens a lot). It is still cheaper because it is between us and them only, and less hassles. We can confidently pay out on our side because there is no way they can reverse the settlement.
A good read for a lot of potential or existing investors.
Of course, the key bit here is execution. We are still extremely small capped. To reach for the stars, we have to fulfill those criterias, sign the partnership, get people on board which, in this use case has proven to be successful. Took them 2.5 years but being at the forefront is always the hardest.
$18 million market cap gents. We've got some promises by management and by golly i hope they fulfill it
