• About Us
  • Archives
  • SWG Registration
Samrack Media
Mahiga Homes
  • Home
  • ALL NEWS
  • Diaspora
  • Africa
    • AFRICA
    • KENYA
  • BUSINESS
    • BUSINESS
    • INVESTMENTS
    • REAL ESTATE
    • TECHNOLOGY
  • Politics
  • Health
    • HEALTH
    • EDUCATION
  • Religion
  • People
    • PEOPLE
    • LIFESTYLE
    • RELATIONSHIPS
  • Obituaries
  • Videos
  • Events
No Result
View All Result
  • Home
  • ALL NEWS
  • Diaspora
  • Africa
    • AFRICA
    • KENYA
  • BUSINESS
    • BUSINESS
    • INVESTMENTS
    • REAL ESTATE
    • TECHNOLOGY
  • Politics
  • Health
    • HEALTH
    • EDUCATION
  • Religion
  • People
    • PEOPLE
    • LIFESTYLE
    • RELATIONSHIPS
  • Obituaries
  • Videos
  • Events
No Result
View All Result
Samrack Media
No Result
View All Result

SureRemit ICO Raises USD 7 million

samrack by samrack
February 13, 2018
in Business, Diaspora, Kenya, Kenya Diaspora News, News, U.S Diaspora
A A
0
SureRemit ICO Raises USD 7 million
Share this
FacebookTwitterPinterestEmailWhatsAppLinkedIn

SureRemit ICO Raises USD 7 million

SureRemit’s Initial Coin Offering raised $7 million last month to fund its blockchain-based remittance platform. The platform allows customers to buy digital vouchers which are redeemable for goods and services using RMT tokens.

“International remittance transactions can be frustrating, but it doesn’t have to be, at least for non-cash value transfers which constitute about 40 percent of all transfers,” ‘Laolu Samuel-Biyi, director of remittances, SureRemit stated. “In very many cases, immigrants and travellers just want to buy food or pay a bill for someone at home. Those transactions do not have the same risk profiles as cash transactions, and they should not be subjected to the same costs, timelines and procedures.”

The platform promises zero transaction fees on remittances, instant accessibility to shopping vouchers, and the ability to track the use of remittances sent.

Hashed, a South Korean company that promotes blockchain start-ups through community and impact investing funded the ICO because it agrees with the need to solve remittance issues in emerging markets.

Investors now have to wait and see if their funds will be put to good use. With ICOs being used as money-making schemes, the investors in this case simply have to cross fingers and hope that they made the right choice.

Tags: SureRemit ICO Raises USD 7 million
Previous Post

Pain For Kenyan Family in the US as their Daughter Loses Three-Year Battle with Road Crash Injuries

Next Post

EAPI Predicts a Good Year for Kenya’s Real Estate

Related Posts

USCIS Says Individuals on Business or Tourist Visas Can Apply for New Jobs
Diaspora

USCIS Says Individuals on Business or Tourist Visas Can Apply for New Jobs

March 24, 2023
US-Based Kenyan Author Dies After Falling from an Apartment’s Fourth Floor

US-Based Kenyan Author Dies After Falling from an Apartment’s Fourth Floor

March 24, 2023
Kenyan Woman Linda Obinchu Found Dead in Gaithersburg Maryland
Diaspora

Kenyan Woman Linda Obinchu Found Dead in Gaithersburg Maryland

March 24, 2023
Donations Ongoing for IRVO OTIENO whose life was cut short was cut short in the hands of 7 Police Deputies near Richmond, VA
Diaspora

Donations Ongoing for IRVO OTIENO whose life was cut short was cut short in the hands of 7 Police Deputies near Richmond, VA

March 24, 2023
A Lake Elsinore couple were out celebrating a birthday when they were killed in a wrong-way crash. Loved ones are now raising money for the couple's three children.
Diaspora

GoFundMe fundraiser:Donate to help the Mbatha children and family

March 23, 2023
Daughter of the Late Kenyan Journalist Philip Ochieng Found Dead in Dallas, Texas

Daughter of the Late Kenyan Journalist Philip Ochieng Found Dead in Dallas, Texas

March 22, 2023
Next Post
EAPI Predicts a Good Year for Kenya’s Real Estate

EAPI Predicts a Good Year for Kenya’s Real Estate

Please login to join discussion
ADVERTISEMENT
ADVERTISEMENT
Royal Gardens Ngong Royal Gardens Ngong Royal Gardens Ngong
ADVERTISEMENT
KIBS VILLA HOMES:(ABNB) Relax into Luxury: Monthly ABNB rates are negotiable Call:508-479-1517 / 254714428680 KIBS VILLA HOMES:(ABNB) Relax into Luxury: Monthly ABNB rates are negotiable Call:508-479-1517 / 254714428680 KIBS VILLA HOMES:(ABNB) Relax into Luxury: Monthly ABNB rates are negotiable Call:508-479-1517 / 254714428680
ADVERTISEMENT

Latest News

USCIS Says Individuals on Business or Tourist Visas Can Apply for New Jobs

US-Based Kenyan Author Dies After Falling from an Apartment’s Fourth Floor

Kenyan Woman Linda Obinchu Found Dead in Gaithersburg Maryland

Donations Ongoing for IRVO OTIENO whose life was cut short was cut short in the hands of 7 Police Deputies near Richmond, VA

GoFundMe fundraiser:Donate to help the Mbatha children and family

Daughter of the Late Kenyan Journalist Philip Ochieng Found Dead in Dallas, Texas

US-Based Kenyan Couple Brutally Murdered in Their Home in Nyamira

Kenyan Couple Dies in a Fatal Road Crash in California

Raila Odinga’s secret cards for mass action

I will not allow you to terrorise Kenyans, Ruto tells Raila

We are grateful for your monthly or one-off donations To Samrack Media: Cash App No: 781-888-8770 $SAMRACK001

Money

New Digital Skills Helps Unemployed Kenyan Youth Earn In Cryptocurrency

New Digital Skills Helps Unemployed Kenyan Youth Earn In Cryptocurrency

by samrack
November 19, 2021
0

New Digital Skills Helps Unemployed Kenyan Youth Earn In Cryptocurrency This week sees the launch of a new initiative to equip...

A simple guide to Government Bonds investing in Kenya

A simple guide to Government Bonds investing in Kenya

by samrack
September 17, 2021
0

A simple guide to Government Bonds investing in Kenya A treasury bond (T-bond) is a medium term to long term...

Politics

Kisumu residents stage protests over high cost of living in Kisumu on March 10. Image: DANIEL OGENDO

[PHOTOS] Dramatic scenes during Kisumu demonstrations

by samrack
March 10, 2023
0

Dramatic scenes during Kisumu demonstrations The protesters are seen negotiating with police to allow them to demonstrate. They held...

Azimio leaders at Migori rally on Friday, March 10, 2023 Image: JAMES ORENGO/TWITTER

Raila names Safaricom among companies listed for boycott

by samrack
March 10, 2023
0

Raila names Safaricom among companies listed for boycott He said his call for mass action and demonstrations which will culminate...

  • About Us
  • Archives
  • SWG Registration

© 2023 SAMRACK - Diaspora News & Updates; design by: Samrack.

No Result
View All Result
  • Home
  • ALL NEWS
  • Diaspora
  • Africa
    • AFRICA
    • KENYA
  • BUSINESS
    • BUSINESS
    • INVESTMENTS
    • REAL ESTATE
    • TECHNOLOGY
  • Politics
  • Health
    • HEALTH
    • EDUCATION
  • Religion
  • People
    • PEOPLE
    • LIFESTYLE
    • RELATIONSHIPS
  • Obituaries
  • Videos
  • Events

© 2023 SAMRACK - Diaspora News & Updates; design by: Samrack.

Page generated in 1.043 seconds. Stats plugin by www.blog.ca