Hi, to answer your question:
The hard cap as explained in the whitepaper (
https://www.remittancetoken.io/WhitePaper.aspx ) is based on milestones and what Remco can achieve with the crowd sale fund. Remco is run by experienced money transmitters in partnership with Western Union and many money transmitters in the USA
Milestone: Operations in 10 US states /U.K/ 5 African countries
Hard Cap: $6m
Milestone: Operations in 20 USA states / 5 Countries in Europe/ 5 countries in Asia/ 15 African countries
Hard Cap: $12m
Milestone: perations in USA (national bank license) / 5 Countries in Europe/ 5 countries in Asia/205 African countries
Hard Cap: $30m
Milestone: Full global operations, national bank license in USA
Hard Cap: $60m
So you start with any amount of funds? Or you need to collect at least 6mln$ for the first stage for the start?
I think in such a market it will be hard. In addition, a variety of licenses and lawyers and managers require a lot of money.