SGPAY - Combining Virtual Currency and Fiat into Experience

Hallo All, In This New Post I Will Introduce About The SGPAY Project, And For More Clearly Let's Just Jump The Following Discussion: 

SGPay is a platform that combines virtual currency and fiat into a seamless wallet experience.

The company intends to collect 4.8 million dollars at the expense of an initial offer of coins (ICO) for SGPay tokens, which will be held in February. SGPay is an ambitious project, aimed at launching an "all in one" digital wallet in June 2018. This is, indeed, one of the most exciting new projects in Southeast Asia, due for release this year. To learn more about this project and to participate in ICO, please visit. site http://www.sgpay.org.

Our SGPay tokens are built on the Ethereal blockade, in accordance with the ERC-20 standard 

. SGPay Token (or SGP in short) is built as a utility token to use on 

our main platform is SGPay. It will be adopted by our technology partner and affiliated

Our main platform SGPay is 

a 3rd generation e-wallet mobile e-payment application that allows users to buy and sell cryptocurrencies, or make purchases using 

cryptocurrency and fiat currencies. Our goal is to make SGPay 

a leading e-wallet and e-payment mobile application for everyone who lives in Singapore and 

this area. Customers will be able to pay for their purchases, buy movie tickets, order 

flights and more with SGPay. They can also choose the mode 

payment of their choice, either in currency or cryptocurrency at selected merchants.

The chart above highlights the trend of mobile payments in Singapore - which has a substantial advantage in other regional markets. Despite its small size, Singapore's population has shown a much higher readiness to accept new trends in both mobile and electronic payments compared to neighboring countries such as Malaysia, the Philippines, Thailand and Vietnam. This is due to the mature technological field here as well as the fact that every Singaporean has 3.3 handheld devices including mobilephones 

The market has a ready audience but has not found the right form of integrated payments that exploits a trend that has found a more mature foothold around the world.

This includes payment with QR Code highlighted above, in addition to integrated services directly on the platform. This trend is highlighted by the double success of AliPayin China and PayTM in India.

CURRENT COMPETITORS

They are as follows:

NETSPAR - Paying leaders are gradually embracing a unified payment culture without cash. Their strength is at the vast point of sale (POS) of legacy systems currently numbering more than 37,000 merchant outlets. Their applications also allow users to get special offers from merchants. See above for a chart of how much mobile payments are made in Singapore.

DBS PayLah - This is a bank's payment application by Development Bank of Singapore (DBS) that allows users to transfer funds via mobile phone number. Their app also lets users make and request funds transfers, pay bills and donate money. However, similar to NETSPay, it lacks a wider service integration that will make it more useful for consumers.

CoinHako - The most popular local cryptocurrency wallet that allows users to transfer fiat funds for Bitcoin and Ethereal purchases. However, wallets suffer high prices relative to the rest of the market, some downtime and also the lack of mobile applications.

SGPays aims to put SGPay in the hands of everyone and this can play well from the consumer to the merchant's corner. Because all merchants are consumers by the way but not all consumers are merchants, we believe it's important to drive customer integration beyond just merchant integration.

In addition, merchant integration can be fostered more easily once we have a large user base. The focus of today's payment solution providers providing Point-Of-Sale (POS) systems to merchants is to create a highly saturated market that gives consumers a bewildering array of competitive solutions at the point of payment.

SGPays believes that the future of merchant integration lies in the same applications as consumers who will be using their wallet platform. Such integration also means QR Code will have an important role in play.

Blockchain Capital Pte. Ltd. and its partners will execute mobile strategies primarily to develop assets that can meet market needs.

SGPay TOKEN REVIEW

SGPay Token is an ERC20 compatible token on the Ethereal blockchain. These are promoted and used in SGPay, related business platforms and partner merchant outlets. Token holders enjoy various incentives such as lower transaction costs when buying or selling crypto on the SGPay platform.

RELATIVE PROJECT VALUES:

Singapore has become a hotbed of the blockchain project due to its regulatory environment. The following is a list of incomplete projects, current market capitalization and also a brief summary. Ticker for each project will be listed next to their name. All market capitalization is accurate on 13 December 2017 and will change depending on market conditions.

RELATIVE PROJECT VALUES 

DigixDao [DGD] - Market Capitalization US $ 275 million A gold-backed token built on the Ethereal blockade. DGX is a value store on blockchain and their token event takes place in 2016, garnering US $ 5.5 million.

TenX [PAY] - US $ 255 million Market Capitalization TenX is built in partnership with credit card companies to give crypto to your card. This is done through a liquidity provider that handles multiple assets offline. TenX held their token event in June 2017 and raised US $ 80 million.

Kyber Network [KNC] - Market Capitalization US $ 190 million Kyber Network is a new system that is on-chain and enables easy conversion and exchange of digital assets. This reduces the user's risk when trading crypto. Sales of Crystal Network Kyber managed to collect US $ 60 million in September 2017

• SGPay Token [SGP] - Market Capitalization US $ 4.8 million [At Full Allocation] SGPay is working on a third generation SGPay payment wallet. The creation of a 3rd generation wallet aims to integrate crypto, e-payment and other services on blockchain.

The development of the SGPay system is already under way. Here is an overview of project planning. With an expected completion in May 2018, we plan to launch an early version of the system in July 2018.

Phase I (2H 2017) - Phase Prototype

Prototyping various user interfaces

Optimizing the best user experience for our app • Encode picture frames for our platform

Looking for various liquidity partners for our platform

Defines a prototype function

Set prototype goals

Stage 2 (1H 2018) - Beta Release + Initial Launch Version

Evaluate and refine prototypes

Test debugging and user experience

Complete system development begins

Full e-wallet function and support for 3 currencies

The 'Incentive' algorithm is based on SGPay built-in Token

Stage 3 (2H 2018) - Added Payment function

Launch e-payment function

Support for debit / credit card

Potential support for locally developed tokens

Drive Intensive Adoption

Puts the API creation foundation for partner services

Stage 4 (1H 2019) - Partner Services API

To partner with various technology providers to increase the use of our product case

This will include insurance company tie-ups, cellular company tie-ups and partnerships with other large companies in other sectors

This will open up all new users for our wallet app and make it a truly all-in-one platform

SGPay aims to include some exchanges to increase liquidity and reduce potential sell-sell spreads from SGPay Tokens. This will allow our users to easily liquidate or purchase more of our tokens and allow more liquidity for our micro-transaction system built into our platform. We also partner with liquidity providers to provide them.

To Get More Information And Join The Current SGPAY Project Please Visit Some of The Next Links / Sites: 

WEBSITE: https://www.sgpay.org/

FACEBOOK: https://www.facebook.com/sgpaytoken/

WHATEPAPER : https://www.sgpay.org/sgpay-whitepaper-final.pdf

TELEGRAM : http://t.me/sgpay/
TWITTER : http://www.twitter.com/sgpaytoken

My profile BTT : https://bitcointalk.org/index.php?action=profile;u=1567105