Romit. Formerly known as Robocoin – the Bitcoin ATM manufacturer – Romit was a remittance software solution using blockchain technology to offer cheap and instant transfers of cash. Customers did not even need to deal with Bitcoin themselves unless they specifically wanted to. Those who steered away from Bitcoin itself could still benefit from all of the advantages this cryptocurrency has ... It would appear that blockchain technology is slowly making inroads in the world of remittances and money transfers. Numerous companies are exploring this technology as we speak, even though there are still only a handful of service providers officially running their services on a blockchain. The following companies, listed alphabetically, have contributed to this industry over … RoboCoin Launches Romit For Remittance. Remittance is something that gets talked a lot about in the Bitcoin world. Robocoin has released a new software product called Romit that is intended to allow blockchain remittance without either party holding any Bitcoin, at a price far lower than MoneyGram or Western Union. On the 21st of April, Robocoin released its Romit remittance software. Romit is a new global remittance platform that leverages blockchain technology, but it removes Bitcoin from the user experience. Romit’s fully automated remittance platform makes running a money transfer business easy, with low and transparent fees. Robocoin, an early bitcoin ATM manufacturer, is rebranding itself as Romit and debuting new software aimed at the international remittance market. The features will go live at existing Robocoin ATMs around the world, as well as internet-enabled cashiers who install the Romit application. The technology leverages the bitcoin blockchain in order to provide cheap money transfers at rates ... According to latest reports, Romit, a wallet service that aims at global remittance payments, has said that it will discontinue its bitcoin services. The company, which started as bitcoin ATM ... Romit, the remittance service that began as bitcoin ATM developer Robocoin, has said that it is shutting down its bitcoin services.
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