Based on the research data BTCA, every month on the territory of the Philippine Islands is about 2.5 billion payments totaling $ 74 billion. Of these, 99 per cent are cash or cheque transactions, and only 1 per cent are made through electronic payment systems. The reason for this is that 79 per cent of financial institutions in the Islands are rural. Of these, 94 per cent do not have access to electronic payment systems.
This in turn leads to people spending a lot of time and money on financial transactions. So, in order to visit the Bank, a resident of the Philippines need to spend about 20 minutes of your personal time to get to the financial institution. Moreover, he needs to pay an additional $ 1 for travel and 11 percent of the transfer amount in the form of a Commission fee, which is 3 percent higher than the average.
The new Pearl Pay project will improve the situation and improve the lives of residents and citizens visiting the territory of the Philippine Islands.
Project objective
The main objective of the developers of this project is to create a single national element of the payment system, which will allow citizens of the Philippines and tourists to enjoy affordable world-class banking services on the Islands.
Principle of operation
The unique Pearl Pay project is a system of virtual funds that provides access to financial services of banking institutions for residents of the Philippine Islands.
The developers of this project plan to create a unique application for smartphones, allowing access to such services as:
- internal payments;
- international transfer;
- exchange of currency;
- purchase or sale of virtual currencies.
All this will have a positive impact on the capacity of local rural banking institutions, as well as provide more opportunities for Filipinos working outside the country, and small and medium-sized businesses cooperating with foreign partners.
The main components of the project are the Pearl Pay:
- PESO;
- Remit;
- Exchange.
For small and medium-sized businesses will be developed a unique product PESO, which will transform institutions such as pharmacies, shops, pawnshops, hairdressers and gas stations in the agents of financial transfers.
Remit is a specialized application for smartphones that provides access to a mobile wallet that allows you to make transfers in just a few seconds, regardless of location. Thanks to this application, Filipinos working abroad will be able to send funds to their families without large overpayments and in a short period of time. To work with Remit, Komodo Blockchain will be used, which will allow you to convert the transferred funds into PRLPAY platform coins, which will be converted into the equivalent amount of Philippine pesos after the transaction is completed.
Pearl Pay Exchange will become one of the main resources for virtual currency trading on the territory of the Philippine Islands. This resource will allow you to convert Fiat into cryptocurrency and back. However, the most profitable operations will be using PRLPAY coins, which are the main resource of the platform.
Dates and details of the ICO
The developers plan to issue 500 million coins, of which 175 million tokens will be distributed during the public, private and pre-sale. At the moment we are pre-selling tokens PRLPAY, which will end on 30 August 2018. Public sale of the coins will be available from the 1st September to the 30th of October of the current year or to collect hardcopy.
The value of the 1st coin during the pre-sales period with a 20 percent discount is 0.000025 BTC.
SoftCap of the project – 25 million PRLPAY, HardCap 175 million PRLPAY.
The distribution of tokens and funds is as follows:
Conclusion
Pearl Pay project, given the situation in the financial market of the Philippines, is the solution that the islanders and tourists have been waiting for a long time. In this regard, it is safe to say that the demand for the services of this service will be very high.
Moreover, this project will allow you to receive transfers not only in banks, but also at gas stations, shops and other institutions, which is the dream of most people.
All of the above indicates a high probability of success of this project.
Official resources of the project Pearl Pay:
WEBSITE: https://pearlpay.io
TELEGRAM: https://t.me/pearlpay
WHITEPAPER: http://assets.pearlpay.io/pdf/pp-whitepaper.pdf
ANN THREAD: https://bitcointalk.org/index.php?topic=4501584
FACEBOOK: https://www.facebook.com/PearlPayOFFICIAL/
TWITTER: https://twitter.com/pearl_pay
LINKEDIN: https://www.linkedin.com/company/18466011/
INSTAGRAM: https://www.instagram.com/pearlpayofficial/
REDDIT: https://www.reddit.com/r/pearlpay
MEDIUM: https://www.medium.com/@pearlpay
YOUTUBE: https://www.youtube.com/channel/UCB1c1WFjBy8_w4mFmFe4K1g
AUTHORSHIP:
MY BITCOINTALK USERNAME: klimenok1991
MY BITCOINTALK PROFILE LINK: https://bitcointalk.org/index.php?action=profile;u=1238493
MY WALLET ADDRESS: RWhADwF9YaAXV6cEDiQgzqcqnY2woDubBx
UNIQUENESS 100%: https://text.ru/antiplagiat/5b7d3eb35f793
This is a really good project with a bigger perspective, I hope for their success in the future and I think they will make a good competition to the current cryptocurrencies. I think it's worth investing
Of course it is worth investing, it's a great project!
Sounds like a great project, worth the investment! Definitely should be backed up!
Great article @sergeyklimenok
Thanks)
Interesting news, thanks for this information
Please! Always happy!
You earn more $ by using this
You got a 7.11% upvote from @upme thanks to @sergeyklimenok! Send at least 3 SBD or 3 STEEM to get upvote for next round. Delegate STEEM POWER and start earning 100% daily payouts ( no commission ).
interesting concept, the company offers Pearlpay. I didn't think so many functions would be used
I agree with you!
Author, you are a professional, a great blog! I have subscribed to you and would appreciate it if you would subscribe to me in return.
Thank you! Mutually signed!
Congratulations @sergeyklimenok! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last post from @steemitboard:
SteemitBoard and the Veterans on Steemit - The First Community Badge.
Quite an interesting project, thanks for the review )
Such projects as Pearl Pay are very necessary, because this company will help local banks, small businesses and financial institutions to reach a new level, thanks to modern technologies and proven principles of work.
interesting post!
I've been watching the team for a long time, they know their business by 100%
Now many are investing in this project