-The REMCO Token Generating Platform’s APIs to allow any licensed money transmitter to mint programmable Tokens to move value and leverage distributed ledger advantages at speed and scale, while also offering innovative compensation to all transaction stakeholders.
RemittanceToken: Technical Details:
In this article, I will send you two of the technical specifications of the Remittance Token
In this article, I will send you 3 of the technical specifications of the Remittance Token
*RemittanceToken Purpose:
-The token address will store the value and thus replace the traditional card pins or numbers.
Because a token’s long address may not be practical due to the realities of the limitations of mobile
phones and computer gadgets, the token address is linked to a set of random integers and other
identifiable attributes that will be either handed over to the buyer (underneath the UV -ink scratch-off
surface on a card) or transmitted to their phone in real-time
RemittanceToken Generation
RemittanceToken integer address generation follows a random sequence, while the root address follows
distributed ledger process. The Token is locked to the remittance organization that distributes it to the agent.
If the server were compromised, all token information is encrypted, and moreover, the logic for activation can
only be triggered by an agent and only after receiving the payment for the “digital good funds” associated
with one or more RemittanceTokens. All transactions pass through https protocol. Server infrastructure is
hosted in a secure location that requires biometric accessibility.
3)RemittanceToken S ecurity
The token instrument has no value until activated by an authorized partner or an agent. The
risk exposure is negligible because an inactive token cannot be used. To activate the token, the agent
has to access an online interface at which point the system knows which agent and which remittance
organization to which the token belongs.
