Remco was carved out by the parent company that has processed $700,000,000 in the last 24 months.
The company holds money transmitter licenses in three US states and mobile payment licenses issued by Central Bank. The parent company process payments for Western Union and the biggest money transmitters.
The off-chain version of the Tokenise money transfer method is in pilot in the states of Illinois, Georgia and Maryland, USA and on a run rate of $20,000,000 by end of 2018.
The Remco project is the blockchain version and the reason for this ICO. There is an agreement between the parent company and Remco to be the first client of Remco.