ObservantOne Posted July 12, 2017 Share Posted July 12, 2017 After reading this article, my understanding is that these guys are competitors, targeting small banks. http://tech.economictimes.indiatimes.com/news/startups/singapore-startup-instarem-with-indian-cofounder-raises-13-million/59439850 Link to comment Share on other sites More sharing options...
Bagheera Posted July 12, 2017 Share Posted July 12, 2017 22 minutes ago, ObservantOne said: After reading this article, my understanding is that these guys are competitors, targeting small banks. http://tech.economictimes.indiatimes.com/news/startups/singapore-startup-instarem-with-indian-cofounder-raises-13-million/59439850 In my 30 years in the industry I can vouch for one thing. Make up a fictitious name of something that does not or has never existed. For example, "the Phoenix Ledger" block chain solution. Then contact several main stream Asian off-shore 3rd party service providers and ask them if they are aware of and can support/implement that specific solution. Hands down they will reply "we have a global practice implementing and supporting the "Phoenix Ledger" block chain solution AND we have a bench strength of 5000 trained experts in that technology to deploy as your business requires... ObservantOne and CharlieH 2 Link to comment Share on other sites More sharing options...
ObservantOne Posted July 12, 2017 Author Share Posted July 12, 2017 2 minutes ago, Bagheera said: In my 30 years in the industry I can vouch for one thing. Make up a fictitious name of something that does not or has never existed. For example, "the Phoenix Ledger" block chain solution. Then contact several main stream Asian off-shore 3rd party service providers and ask them if they are aware of and can support/implement that specific solution. Hands down they will reply "we have a global practice implementing and supporting the "Phoenix Ledger" block chain solution AND we have a bench strength of 5000 trained experts in that technology to deploy as your business requires... Soooo, what you are saying is...they do not "really exist"? They raised ~$13M...just like an I..C.Ooooh. I get it. Link to comment Share on other sites More sharing options...
natethesnake Posted July 12, 2017 Share Posted July 12, 2017 6 minutes ago, Bagheera said: In my 30 years in the industry I can vouch for one thing. Make up a fictitious name of something that does not or has never existed. For example, "the Phoenix Ledger" block chain solution. Then contact several main stream Asian off-shore 3rd party service providers and ask them if they are aware of and can support/implement that specific solution. Hands down they will reply "we have a global practice implementing and supporting the "Phoenix Ledger" block chain solution AND we have a bench strength of 5000 trained experts in that technology to deploy as your business requires... The amount of deception that goes on in the IT industry is just amazing. Companies from India and China are so guilty of this. ObservantOne 1 Link to comment Share on other sites More sharing options...
mulder Posted July 12, 2017 Share Posted July 12, 2017 is this working with ripple backend ?? Link to comment Share on other sites More sharing options...
Xrphunter Posted July 12, 2017 Share Posted July 12, 2017 I dont trust the owner of this 'InstaRem' Link to comment Share on other sites More sharing options...
natethesnake Posted July 12, 2017 Share Posted July 12, 2017 Noticed the following: "We complete transfers in 1-2 business days and process refunds in 72 hours" That's still a 24-48 hr window for transfers, and 3 days for refunds! Too slow!!! Link to comment Share on other sites More sharing options...
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