Most people prefer to deal with the currency of their own country. Remittances should be done in the currency they recognise and use every day. But it should be as easy to transfer as Bitcoin, using the same distributed ledger technology, allowing for inexpensive use, better efficiency and new business models.

Tagcash has created a crypto fiat solution, where multiple types of tokens have been created to represent a digital version of cash, all running on one Permissioned Blockchain. Permissioning is done via integrated use of the Tagcash KYC Blockchain, so once a customer has been verified, they can create any number of private keys and addresses to manage and spend their money.

Each Fiat currency that is created and issued on the Tagcash Blockchain also has the physical amount stored in banks as term deposits earning interest for Tagcash. These term deposits are posted publicly every 30 days so it can be seen that total issued currency balances match the amounts in bank term deposits.

As more Fiat is deposited and issued on the Tagcash Fiat Blockchain, matching term deposits are also made. If many customers want to convert tokens back to cash, the tokens will be burned from the chain and money is then released from the term deposits.

Transactions on the Fiat Blockchain are completely free - NO Transaction Fees.

Tagcash uses modified Multichain.com open source software for the Fiat Blockchain, which uses Bitcoin Core. After ID verification, anyone can connect to the chain, create wallets, store, send and receive money, or create their own apps using standard RPC-JSON API calls to the wallet node. Standard Bitcoin software libraries can be used - the address formats are the same as Bitcoin.

Tagcash is regulated by the Philippines Central Bank (BSP), as well as via the MAS in Singapore, so customers can be assured that money is segregated and safeguarded. Tagcash is open to working with Central Banks around the world to digitize Fiat currencies

FAQ(Frequently Asked Questions)

First register and login on the website or using the Tagcash Wallet Mobile app. Verify your identity and any wallet you create will automatically be approved for receiving and spending.
Depending on the currency there are different ways to deposit and withdraw cash. For example for Philippine Pesos (PHP), deposits can be made by bank (free), 7-Eleven (2% fee), agents or Bitcoin converted at current rate on coinmarketcap.com, and withdrawals can be made to bank (Fee 20 Pesos), remittance center (variable fees) or Bitcoin. For other currencies, wire transfers are used to deposit or withdraw (Fees are USD $25 per withdrawal and USD $10 per deposit.)
Download Multichain software form Multichain.com and install it per the instructions on the site. Connect to the tagcash Fiat Chain using command - "multichaind php@tagcash.com:9000". You will be told that you have no permissions to connect and it will give an address to give to us, via help chat on this page, or to verify the address via website or mobile app. You will need to verify your Identity before the address can be permissioned. Once that is done, you will have receive, send and connect permissions for that address. Each new address will have to be permissioned, or the Tagcash KYC API can be used to automatically permission an address. After an address has been permissioned, the Tagcash Fiat Blockchain can be launched by typing "multichaind php@tagcash.com:9000" or simply "multichaind php -daemon"
Show all the commands that can be used by typing "multichain-cli php help". If you are going to enter a lot of commands then type "multichain-cli php" and it will take you to the prompt where you can enter commands. To send currency to another address then type "sendasset addresshere PHP 100". The command line will then return the tansaction ID
The public Tagcash Fiat Blockchain explorer is available at http://php.tagcash.com, where you can search and get information on transaction IDs, addresses, Blockchain parameters and more.
You have 2 options. The first is to use the Tagcash APi (mainly the wallet/transfer command) - however, all your customers would need to have a Tagcash account, and would need to be verified. The registration can be done via your app as well. To use our API would cost USD $25 per month.

The second option is create a wallet node by connecting to the Tagcash Fiat Blockhain, and send RPC-JSON commands, such as sending money to others, creating new addresses and so on. Each address created would have to be granted with send and receive permissions, which is done by using the Tagcash API to check the KYC chain for the hash of users full name, date of birth and email or phone number. If returned with positive KYC results, then the address is permissioned.
The Tagcash Wallet will offer 2 different types of wallets.

Managed Wallet - Tagcash manages your balances, and you have 1 address to use for receiving funds. This is also what is used for exchange trading
HD Wallet - Hierarchical Deterministic wallets allow you to control your own funds, but you are responsible for your own private keys, which enable you to spend those funds. A set of 12 random words is created which should be backed up in case you lose your phone etc, and an optional passphrase can be used. If you forget or lose both of these then there is no way for Tagcash to retrieve the data since they are stored on your device not our servers. The advantages are that you can create as many addresses as you want for receiving funds, and you control your own funds.
If you are familiar with cryptocurrencies like Bitcoin, Tagcash Wallets work in exactly the same way. Public addresses are used to receive funds, and private keys are used to spend those funds. Each public address has a corresponding private key. You should never share your private keys with anyone.

Once you are connected to the Tagcash Blockchain, either personally using a Multichain Node Wallet, or via an application using the blockchain, you can send funds to anyone anywhere else using the same system, using public addresses to send to.

About Us

Tagcash is a digital ewallet developer and provider, building blockchain solutions on Distributed Ledger Technology.

Our Contacts

21/F, 88 Corporate Center,
141 Valero Street,
Makati City, Philippines

+63 (02) 955 7081
+63 (02) 385 6797