Tagcash enables users and merchants to deposit, spend, charge, transfer, disburse and withdraw Fiat currencies using web and mobile app wallets. Merchants can also use the Tagcash API to integrate services into their own products. There are no transaction fees for user to user or merchant to merchant transfers.
For payments from user to merchant account, Tagcash charges a fee of 2% to the merchant. Scratchcard prizes are given to users to win cash prizes, but merchants can also add their own scratchcards, or give rewards currency, either in TAGX or their own created currency. Cash in (topup) and cash out (withdrawal) fees are either free or vary depending on method and partner.
Tagcash also offers an Android based NFC/RFID touch and pay app, for real or tokenized currency. Cards can either store tokens, or be used as an identifier to deduct online user balances.
Both the Tagcash Wallet and Tag Touch apps can be white labelled.
OPTIONS FOR TYPES OF PAYMENT METHODS
- Merchant Setup Charge - Free
- User to User Transfer - Free
- Merchant to Merchant Transfer - Free
- User to Merchant Transfer - 2% Merchant Fee
- Creating Tokens - 99 USD or 7500 TAGX
Any currency can be created on Tagcash as tokens, either as a finite amount or with follow on issuance and used for rewards, private currency use or something else. Restrictions can be applied as to who can send or receive that currency, or made open. All tokens are also created on Stellar Blockchain, enabling easy collaboration with other platforms without needing an API.Cryptocurrencies
Tagcash tokenizes cryptocurrencies using the Stellar Blockchain, as an "Anchor" so that they can be traded via the Stellar decentralized exchange (DEX) within Tagcash, or from any other wallet or exchange using the Stellar DEX. Deposits are made via the Tagcash Wallet, and stored in Cold Wallets - the Stellar version that represents the cryptocurrency is used to transfer to other wallets using Stellar. To cashout/withdraw a user simply has to transfer the Stellar asset to Tagcash and request cashout, for which there is a USD$2 fee. Tagcash handles Bitcoin, Ethereum, Litecoin, and many more cryptocurrencies in this way.Non Fungible Tokens (NFTs)
Non Fungible Tokens (NFTs) represent individual assets, such as tickets, game items, bonds etc. Anything that should not be subdivided can usually be created as an NFT. Tagcash creates unique NFT Tokens on it's own Tagcash Blockchain using open source multichain.com blockchain software. These prove authenticity and ownership, and can be transferred to other nodes and software, or kept within Tagcash Wallet to be sold, transferred, or auctioned.Company Shares
Company shares can be tokenized and utilized within Tagcash, by creating a new currency within Tagcash, which will automatically be set up as a Stellar based asset token. Currencies can also be imported if Stellar or ERC20 tokens. Share token ownership can be controlled by setting authorization per address or user. For example, Delaware companies can use the blockchain legally, for storing, transferring and sales. If funds are raised via sales of share tokens to the general public, Tagcash will need to hold the actual shares as nominee shareholder.Commodities
To represent commodities, tokens can be issued and traded, exchanged, sold etc, as long as there is a straight correlation between the value of the commodity and the token price. This is a form of barter, where the tokens make it easier to exchange value with the same commodity or traded against other types of commodity tokens. However, if there is any processing or change in the commodity, with a future promise of increase in value, securities regulation would probably apply.Use of Stellar Blockchain in Tagcash
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, then we can exchange currency asset credits for later settlement or usage in Stellar.
All assets created in Tagcash are also created on the Stellar Blockchain (stellar.org). Tagcash absorbs the transaction fees for trading on the Stellar decentralized exchange (DEX), which is represented inside the Tagcash Wallet. The main advantage of Stellar is that any currency can be transferred to other Stellar based wallets, if the creator has enabled ownership to an address and if the received has trusted that asset. 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 account number within Tagcash).
- Philippine Pesos (PHP)
- Australian Dollars (AUD)
- Japanese Yen (JPY)
- United States Dollars (USD)
- Pound Sterling (GBP)
- Euros (EUR)
Tagcash is fully integrated with the Stellar Blockchain and many different Fiat currencies can be used in the Tagcash Wallet, issued by other ewallet providers around the world.
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