The Filipcoin is a cryptocurrency project recently launched in the Philippines. The project wants to show how possible it can be to apply both blockchain technology and cryptocurrency payments in the Philippine transportation industry.
WHY THE PHILIPPINES?
This project concentrates on the Philippine market for a start because of the untapped sectors of the economy that would do better if cryptocurrency payments and blockchain technology are applied.
Besides, the use cases for cryptocurrencies can be increased if this project achieves all that it s set out to achieve.
The Philippine transportation industry needs a major boost in terms of no intermediary influence and faster payments. These and many more are some of the use cases of the Philippine project.
FEATURES OF THE FILIPCOIN
These are some of the objectives of Filipcoin in the Philippine transportation industry:
- PAYMENT GATEWAY PROCESSING
The first objective is to facilitate payment processing across different Philippine industries. This includes promoting cryptocurrency payments in the Philippine transportation industry.
Smooth and Secure Transactions
The second objective is to create smooth and secure transactions for the Philippine industries.
The smoothened and secured payment processing will be offered to the trio of service providers, the users, and mobile applications.
- VIRTUAL CURRENCY PAYMENTS
At the core of all that Filipcoin does is the integration of virtual currencies, otherwise called cryptocurrencies. This process would go a long way to bolster the use and application of cryptocurrencies in more real-world use cases
Now, Filipinos can use cryptocurrencies to pay for their transportation fares. This is in addition to the fact that most of these payments can be facilitated via the Filipay mobile application.
- PARTNERSHIPS
Bringing Bitcoin and a bulk of other cryptocurrencies to real-world use often requires collaborations by different important parties.
In this case, the Filipcoin cryptocurrency project wants to disrupt the Philippine transportation industry in many ways, including cryptocurrency payments.
To that end, the team has met with and gotten the approval of some of the leading transportation authorities in the Philippines. That way, more transportation systems would be allowed to experiment with the decentralized payment solutions proposed by Filipcoin.
AMBITION
Filipcoin is an ambitious project backed by an ambitious team. This is evident in the proposed development of a public blockchain for the project.
The use cases of the Filipcoin blockchain, when developed, would include the development of a decentralized exchange application usable by the developer partners, users, and investors.
Running an independent blockchain also means that Filipcoin wouldn’t be susceptible to some of the lags and costly fees attributed to some other blockchain networks.
Besides, having a separate blockchain network is an excellent way for Filipcoin to offer a balance between risk, autonomy, and cost-efficiency. The promotion of different cryptocurrency payment solutions would also be easier because the distinct blockchain network is there to make it simpler.
CONCLUSION
We have been looking for more use cases for cryptocurrencies. The innovative method of applying for crypto payments in the Philippine transportation sector is one of such great moves we have been looking for.
Therefore, Filipcoin is worth the hype – and is a cryptocurrency project worth investing.
USEFUL LINKS:
Website : https://filipcoin.com/
Twitter : https://twitter.com/filipcoin
Facebook : https://www.facebook.com/filipcoinfilip/
Telegram : https://t.me/filipcoinfilip
AUTHOR'S DETAILS
Bitcointalk Username- Rescuea
Bitcointalk Profile URL- https://bitcointalk.org/index.php?action=profile;u=2767664;sa=summary
Wallet Address: 0x357dbbd64983e3B5Fb8a33173A33AD038F07ff32