What is TRM? TRM, the abbreviation for TRUMER™, is the transaction unit used to record the value of goods and services traded on the TrumerX platform. The value of TRM1 is equivalent of the amount of xRM1, which is the unit of the local currency as per the value fixed by TrumerX. TrumerX is the present and future barter system that uses TRM for trading of goods and services, without the use of cash. Barter has been a widely accepted business practice around the world for centuries. By combining the ancient practice of trading or exchanging goods and services with modern technology (ie: the Internet), TrumerX has become the easiest and smartest way of doing business. Today, this time-honoured practice of barter is an extraordinary yet successful financial business tool. According to an article in CFO magazine, the International Monetary Fund estimates that 8% of worldwide trade is conducted through non-cash transactions whereas the International Reciprocal Trade Associations has valued worldwide barter to be US$65 billion. In fact, in the US alone, other researchers have estimated barter to be able to garner approximately US$16 billion a year. With the advent of Internet, barter system is expected to continuously expand. |
Barter in the Business Sense Bartering has always been a great business sense. It saves cash, net full value for idle goods as well as services and significantly expands your customer or consumer base. In the past, there were drawbacks and restrictions - businesses struggled to find trading partners that matches their timing, needs and value requirements. An organized barter through an exchange such as TrumerX resolves the problem of one-to-one trading or exchange. It allows you to sell what you have in order to buy what you need, all with a common transaction unit, TRM and xRM. Trading through TrumerX allows you to conduct your barter trade on a multilateral basis. Here are some of the reasons why barter may work for your organization: |
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