E-MONEY & WALLETS
Tagcash enables users and merchants to deposit, spend, charge, transfer, disburse and withdraw money using web and mobile app wallets. There are no transaction fees for user to user or merchant to merchant transfers. Tagcash is a central Bank regulated E-Money Issuer (http://www.bsp.gov.ph/banking/emi.pdf).
APPS & SERVICES
Aside from Wallets, Tagcash mobile apps feature many additional services, such as equity crowdfunding, shopping, auctions, Expense reporting, Coupons, and much more. For a full list of current and upcoming services visit the Apps and Services page.
Currently the loans section of Tagcash offers peer to peer lending only to users with a 3 month history of deposits. Any verified Tagcash user can request to borrow, and any verified Tagcash user can lend to them. Variable interest rates can be offered by the borrower, paid back over 3, 6, 9 or 12 months. Interest is calculated on a daily basis and charged only on what is owed.
Soon, the lending section will als0 feature different types of lending options offered by other lenders. FOr more details on lending visit the Lending section.
Different games are offered in the Tagcash app - users can win money and prizes with simple to play games, such as Scratchcards. For more details visit the games page.
REWARDS & TOKENIZATION
Any currency can be created on Tagcash as tokens, either as a finite amount or with follow on issuance and used for rewards, tokenized assets, private currency or something else. Restrictions can be applied as to who can send or receive that currency, or made open. Tokens can optionally be created on Stellar Blockchain as well, enabling easy collaboration with other platforms without needing an API.
TAGX is a currency rewards token created on the Stellar Blockchain, used in Tagcash for rewards, payment of advertising and other services. Merchants can purchase TAGX from Tagcash, or via the Stellar DEX (decentralized exchange). If you earn or hold TAGX you can also sell on the Stellar DEX. For more info visit the TAGX information page.
Tagcash is a Stellar "Anchor" meaning it issues Philippines Pesos (PHP) for usage on the Stellar Blockchain, but for other currencies, Tagcash uses assets created by other anchors around the world who are regulated for their respective currency issuance. These currencies can easily be moved into and out of the Tagcash wallet, but Tagcash does not offer cashout to Fiat except for Philippine Pesos.
For international remittance partners wanting to send PHP to the Philippines, Tagcash accounts can be prefunded and used to transfer to Tagcash users for onward disbursement, cashout etc. If a partner is using Stellar already and is regulated as an E-Money issuer or bank, then we can exchange currency asset credits for later settlement or usage in Stellar. Tagcash also makes use of a federated server to make it easier to remember account information (eg: mark*tagcash.com combines the main Tagcash receiving address and the memo, which is the account number within Tagcash). For more information on Stellar and the DEX, visit the Stellar Foundation website.
Digital Asset Types
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)