Tagcash is integrating the Stellar Blockchain to enable movement of money and other assets. Stellar is a decentralised protocol for sending and receiving money in any pair of currencies, including Fiat. More information can be found at the official site at http://stellar.org or a good explanation is also available at https://bitchikka.com/beginners-guide-to-stellar/
Through the use of "Anchors", money enters the system in different countries and can be sent to tagcash account holders within 3 to 5 seconds. This means for example, someone in Europe can send Euros to a Tagcash user and it will appear as Pesos in their wallet. Or the same user can have both EUR and PHP wallets with Tagcash and do the conversion themselves and then send or use the Pesos as they need. Anchors are usually government regulated and licensed entities that guarantee the conversion of Stellar assets to its real world equivalent. Tagcash is an anchor for PHP - as an Electronic Money Issuer, Tagcash must hold equivalent stores of Fiat in financial institutions to that held on the Blockchain.
Tagcash is working with partners who want to remit money to the Philippines - either for Fiat Credits on Stellar that can be used in Stellar or cashed out conventionally, or by pre purchasing Stellar PHP Credit beforehand and transferring as needed.
Through the use of federation servers, Tagcash users can now have a simple address to receive money or assets over Stellar - eg: mark*tagcash.com, or youremail*tagcash.com. This automatically lets our system know where to direct funds so the user sees it in their balance within a few seconds of sending.
For those companies who are already using Stellar, our stellar toml file is available for viewing at https://tagcash.com/.well-known/stellar.toml. If you would like stellar addresses to be authorised so that you can bulk purchase PHP, let us know via chat.
Chat to us via our chat box if you would like to learn more.
Tagcash is a digital wallet developer and platform, building blockchain solutions on Distributed Ledger Technology. Tagcash is regulated by the central bank of the Philippines (BSP), and is authorised as an Electronic Money Issuer (EMI) - https://tagcash.com/emi.pdf