Traditional cross-border transfers lose 3–7% in fees and take 1–5 business days to settle. Both problems are structural — each correspondent bank takes a cut and holds float. Remit removes the intermediaries.
On-chain settlement happens in minutes. Smart contracts enforce compliance rules — KYC, AML, sanctions screening — automatically, with an immutable audit trail that satisfies regulators without the manual overhead of traditional compliance workflows.
Transactions settle on-chain in under 5 minutes across supported corridors. No correspondent bank float, no weekend delays.
Compliance rules are encoded in audited smart contracts. Automatic sanctions screening, transaction limits and SAR generation for flagged transactions.
Removing correspondent banks removes their fees. Remit passes the saving to the sender — typically 0.5–1.5% all-in versus the 3–7% traditional average.
Every transaction, state change and compliance check is written to the chain. Regulators get a read-only portal; no manual extraction required.
Oracle-fed exchange rates with guaranteed rate locks for 30 seconds. Slippage protection and rate guarantees for enterprise clients.
Full API for embedding Remit rails into your existing banking, payroll or ERP system. Sandbox environment included for integration testing.