|Thursday, 1 February 2018, 14:30 HKT/SGT|
|- SpherePay, South East Asia biggest mobile payment app founded in Singapore will be the first local mobile wallet company to roll out cryptocurrency. |
- Together with ODYSSEY (OCN) to build the first shared economy platform in the world.
- To introduce the first in the world e-wallet that allows users to spend their virtual currency in real life.
SINGAPORE, Feb 1, 2018 - (Media OutReach) - South East Asian leading mobile payment platform SpherePay is set to launch its own cryptocurrency in the coming few months. The Singapore founded, and homegrown company will introduce the world's first shared economy blockchain platform in working partnership with ODYSSEY (OCN). This sets another astonishing milestone for a Singapore based company to introduce a new technology on the global scale.
Having earlier announced its biggest partnership with oBike that saw the company acquiring over 5 million users in South East Asia, SpherePay has up its game by venturing into the cryptocurrency arena. Within a week of its previous funding round, SpherePay has secured yet another strategic investment from ODYSSEY (OCN), a sharing economy blockchain project initiated by the founding members of Obike. ODYSSEY (OCN) is also the only provider in the shared economy of blockchain project in South East Asia for cryptocurrency transactions. The investment amount was not disclosed.
According to SpherePay's development plan, the company will officially open the encrypted currency wallet and QR code payment function in March 2018. This new development will see SpherePay as the only mobile payment platform in the world that enables the virtual currencies to be transacted in real life. This means that users will be able to spend their cryptocurrencies to purchase everyday items via the SpherePay app. The app e-wallet will support various cryptocurrencies such as Bitcoin, ETH, SAY, OCN and others. Users will now have more mode of payment options from credit card, debit card, SpherePay's Advanced Credit to cryptocurrencies, all stored in one e-wallet.
"We look forward to bringing premium cryptocurrencies to the real world with SpherePay's fast-paced ecosystem of blockchain and cryptocurrency which will cover over 400 million people in South East Asia. This innovation will enable our users to pay for their purchases using cryptocurrency whenever they need it," said Mr Joseph Chen, CEO of SpherePay.
Accompanying this initiative, SpherePay will launch its own cryptocurrency and official token called SAY, with its ticker symbol as SAY. Its Whitepaper has been released on their official website.
SAY is an ERC20 token and ETH ERC20 wallet compatible. The company will release a total of 10 Billion SAY tokens, within this, 40% will be offered on ICO. The company will announce SAY's Initial Coin Offering (ICO) within the next two days, releasing over 6 Billion tokens to the market. Public can subscribe to receive the token during its ICO via the official website at say.spherepay.com
The official website of SAY is say.spherepay.com.
About the Company
SpherePay is developed by OPG Asia Pte Ltd, a company founded in Singapore in 2017. OPG is the world's leading provider of financial innovation and payment services. The company is committed to the development of electronic business and operations to improve the operational efficiency of the society as a whole.
With the support of cloud computing, OPG have developed SpherePay which is a mobile application with secured online payment, fund management and consumer finance. OPG ensures that all data are being protected and secured. This allows consumers to have a fast, hassle free and convenient experience, and ensure our merchant partners have a safe, reliable and efficient payment gateway platform.
SpherePay has quickly grown its footprint to become the biggest mobile payment platform provider in South East Asia servicing over 5 million users and over 10,000 merchants. SpherePay is setting its target to acquire over 10 million users in the region by the end of 2018.
More information can be found on the website at:
For Press & Media Information, please contact the following:
Mr Ken Nizam, COO & Marketing Head
SpherePay, South East Asia
OPG ASIA PTE LTD
9 Craig Road, Level 3
Tel: +65 9459 7504
Feb 1, 2018 14:30 HKT/SGT
Topic: Press release summary
From the Asia Corporate News Network
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