Filipay Applications: Implementing Cryptocurrency Fintech in Core Philippine Economic Sectors

Blockchain and cryptocurrency are Financial Technologies (Fintech) that can be used to bolster the implementation of digital asset payments.

Filipcoin is the latest proponent of this Fintech revolution and the target location is the Philippines. The Filipino transportation sector is the first port of call as the Filipcoin (FCP) would be applied in a series of transportation payment solutions.

THE FILIPAY APP

A majority of the Fintech and decentralized payment solutions created by Filipcoin would be facilitated via the Filipay app, which is the native mobile application for the Filipcoin project.

We all know how important mobile apps are to people. With mobile applications, you can do a lot of things at a go instead of sitting for many hours using a desktop computer.

Thus, Filipay is in place to streamline cryptocurrency payments in the Philippine transportation industry.
It will also interest you to know that the app is readily available irrespective of the mobile device you are using. Already, the app has been built for both Android and iOS devices.

USE CASES OF THE FILIPAY APP
Here are several things you can do with the Filipay mobile application:

Pay Ahead
You can now pay ahead for the bills you accrue. This is better than waiting for the bills to mount up before you can pay. Besides, paying ahead helps you to settle the important bills instead of being indebted.

Some of the bills you can settle ahead of time are:

• Travel/transportation fare
• Food
• Gasoline

Loading Gateways
The Filipay mobile application can also be used to load multiple gateways, including those in the transportation sector.

That way, you can find several gateways and payment options you may want to use to settle your bills.

Automatic Fare Collection
The Filipay mobile application can also be used to automate your payments. This is quite different from the Pay Ahead feature. This time, you can set up the exact amount you are to pay for your transportation.

That way, you wouldn’t necessarily need to log into your Filipay mobile application to settle your fare, because you already automated it.

Earn Rewards
Incentives are not missing either. You can earn rewards as points for either completing specific tasks within the app or booking more rides.

The amazing thing about the Filipay reward program is that it is often issued as a digital currency. So, you should expect to get your reward in the form of Filipcoin (FCP), which can then be used to pay for more fares and services available via the app.

Value Transfer
The Filipay mobile application is also a medium for value transfer. The value is transferrable from the merchants or service providers to the users.

This underscores one of the objectives of the Filipcoin cryptocurrency project – to enable instant transfer of value between the users and the merchants/service providers.

CONCLUSION
By and large, Filipcoin is a revolutionary project that creates more pathways for the application of cryptocurrency payments.

USEFUL LINKS:
Website : https://filipcoin.com/
Twitter : https://twitter.com/filipcoin
Facebook : https://www.facebook.com/filipcoinfilip/
Telegram : https://t.me/filipcoinfilip

AUTHORS DETAILS
Bitcointalk username- Kakal
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2767315;sa=summary
Wallet: 0x09c09F509f1D366257f91bFfEb00174c7643CD77