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About PearlPay(PRLPAY)

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What problem does Pearl Pay solve? (or: what human need does it satisfy?) and how exactly does it do so?

Based on the study conducted by Better Than Cash Alliance (BTCA), The Philippines has an estimated 2.5 billions of payments per month amounting to $74 billion (Php 3.76 trillion). But only 1% are transact- ed electronically; 99% of the transactions are paid either in cash or checks.

According to National Baseline Survey on Financial Inclusion, 44% of Filipino adults had domestic remittance in the past six months. On the average, it takes 21 minutes to go to the nearest access point such as banks and money remittance agents. In terms of cost, the average round-trip fare to reach an access point is Php 43.00 (ap- proximately USD 1.00)

OFW (Overseas Filipino Workers) remittances reached USD 26.9 billion in 2016.

Banks charge an average of 11% to send money to the Philippines, which is over 3% higher than the global average cost of 7.3%

How is the idea monetized? How do the token holders profit?

1. A medium of exchange to the $30 billion OFW money remittance (Overseas Filipino Workers) industry.

2. Acceptable currency for its notarization nodes services for its future ICO listed companies under the Pearl Pay Exchange.

3. Acceptable currency for companies that will launch its ICO through the Pearl Pay Exchange.

Other Important Info

Pearl Pay is a Virtual Money Logistics System (VMLS) which provides a comprehensive “Mobile Payment and Money Transfer Platform as a Service” appropriately designed, of world-class quality, relevant for actual use and beneficial to the financial inclusion target market.

Pearl Pay mobile wallet white-label product, allowing rural banks to launch their own virtual prepaid Pearl Pay accounts as fast as 30 days.

Team

PearlPay's team members.

SPARKY PERRERAS

SPARKY PERRERAS

Co-Founder and CEO

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Adrian Ng

Adrian Ng

Co-Founder

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Jay Masangcay

Jay Masangcay

Co-Founder & Chief Legal Officer

Linkedin
Jerwin Operio

Jerwin Operio

Co-Founder Chief Marketing Officer

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Roadmap


 
November 2017 Birth of Pearl Pay
February 2018 Partnership with Matchmove and Komodo
March 2018 Official Registration of Pearl Pay
May 2018 Start of Initial Token Sale
4th Quarter 2018 Launch services in the Philippines
2019 Launch money remittance services in Hongkong
2020 Launch money remittance services in Singapore
2021 Launch money remittance services in Japan
2022 Launch money remittance services in United States
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Quick notes

Tokenomics

Token Info

Available tokens: 35% Price: $25 = 1 PRLPAY Hard Cap: USD5,000,000 Buy with: BTC, KMD Platform: Own Blockchain Location: Philippines Restricted: China

Other Info

MVP/Prototype: No Escrow: Yes Category: Banking & Payments

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What problem does Pearl Pay solve? (or: what human need does it satisfy?) and how exactly does it do so?

Based on the study conducted by Better Than Cash Alliance (BTCA), The Philippines has an estimated 2.5 billions of payments per month amounting to $74 billion (Php 3.76 trillion). But only 1% are transact- ed electronically; 99% of the transactions are paid either in cash or checks.

According to National Baseline Survey on Financial Inclusion, 44% of Filipino adults had domestic remittance in the past six months. On the average, it takes 21 minutes to go to the nearest access point such as banks and money remittance agents. In terms of cost, the average round-trip fare to reach an access point is Php 43.00 (ap- proximately USD 1.00)

OFW (Overseas Filipino Workers) remittances reached USD 26.9 billion in 2016.

Banks charge an average of 11% to send money to the Philippines, which is over 3% higher than the global average cost of 7.3%

How is the idea monetized? How do the token holders profit?

1. A medium of exchange to the $30 billion OFW money remittance (Overseas Filipino Workers) industry.

2. Acceptable currency for its notarization nodes services for its future ICO listed companies under the Pearl Pay Exchange.

3. Acceptable currency for companies that will launch its ICO through the Pearl Pay Exchange.

Other Important Info

Pearl Pay is a Virtual Money Logistics System (VMLS) which provides a comprehensive “Mobile Payment and Money Transfer Platform as a Service” appropriately designed, of world-class quality, relevant for actual use and beneficial to the financial inclusion target market.

Pearl Pay mobile wallet white-label product, allowing rural banks to launch their own virtual prepaid Pearl Pay accounts as fast as 30 days.

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