Update from Tagcash.com
We are progressing nicely with our plans to morph the TAG platform into something similar to WeChat in China. The upgraded Android app will be going out as beta in the next few days, which offers chat and money transfer via chat. We are building Moments into the app (a simpler version to share photos and status updates with Friends), and making a lot of design changes to improve speed and functionality. Airtime load purchases are rising. and we also offer Bills Payment services via ECPay and SafePay Delivery Services via XEND. We will be adding numerous services to the mobile app over the coming months, and all of these offer Tagcoin as a reward to use us to buy, or to use Tagcoin to pay for the services. (For example, Tagcoin is given out at 1% rebate for any purchase of airtime load). If you want to see an interactive mockup of the app, here it is in iPlotz.
http://iplotz.com/app/viewernew.php?k=79fc4124d2e55dd3a9dcb6e4baac288e&pr=143676&pg=143676_143676_7_19_21_86&a=6050&sitemap=trueMerchants can post Tagvert Ads on the mobile app, and advertising credits can be paid using Tagcash ewallet or Tagcoin. They can also offer Tagcoin as a reward to share the ads to friends, or directly as a reward to buy products and services from them.
We have also built an offline NFC payment system using Android Mobile Devices, and will be marketing this into transport and retail here in the Philippines. NFC cards and wristbands can hold up to 30 different wallets, including Tagcoin. We are partnering with major companies so this system can be used for example to pay Macdonalds with Pesos and earn rewards at the same time, with no need for internet access. We will be marketing Tagcoin rewards as an alternative to the usual points they may offer.
Within the Tagcoin wallet on Tagcash, there is a "Buy and Sell Tagcoin" tab which is for tagcash customers (and ourselves) to buy and sell Tagcoin for Pesos. If anyone outside of the Philippines wants to trade, they can deposit Bitcoin into the Peso Wallet (it will be converted at Bitstamp rates), and offer to buy Tagcoin with Pesos. If selling tagcoin, this can be deposited and sold for Pesos, which can be converted and withdrawn as Bitcoin (less a 3% withdrawal fee). There are no transaction costs. Tagcash will also be offered various services that might be useful to foreign based companies who want to pay local Filipinos in Pesos, or they can pay using Tagcash for services they may already use here. (Programming, website development, BPO services, blogging, writing etc)
BTC38.com is quite active in trading of Tagcoin, and is where I personally buy Tagcoin, untill more Filipinos sell their rewards on the Tagcash site. At some point, we will start looking at China as a market to push our app. or we will partner with companies there to make more use of Tagcoin as a rewards mechanism.
That's all for now, will update every few weeks as needed.
