Tokens issued using blockchain distrbuted ledger technology (DLT) can represent anything of value such as Fiat money, cryptocurrencies, rewards points, commodities, private currencies and so much more. Tagcash integrates with Ethereum, Stellar and NEM Blockchains and tokens created on those platforms can be added to or created in Tagcash. Tokens can then move back and forth between the Tagcash wallet and other wallets.
Tagcash has created a Stellar version of the Philipppines Peso (PHP), under Central Bank (BSP) Regulations (Electronic Money Issuer License). Verified merchants can obtain and use the Stellar version of PHP outside of Tagcash, but individual users must still use the Tagcash Wallet. This is due to limits being set BEFORE any money can be transferred to another person. This may change in the near future. Tagcash is also adding other Stablecoins such as TUSD (TrueUSD) and actively looking for more stablecoins.
For creation of your own currency/token, Tagcash uses the Stellar Blockchain. You have the option of making the currency immutable, in which case whatever amount you create at the start, cannot be changed, nor can any permissions be applied. If you choose NOT to make it immutable, you can issue more tokens later and can control who can receive or send.
Trading of all tokens is via the Stellar Blockchain decentralized exchange, which can be done via the Tagcash app, or any other Stellar based wallet. When trading within Tagcash, we are the custodians of tokens, whereas for the majority of other wallets, you have to manage your own private keys.
Tokenized assets such as e-money and loyalty rewards become more valuable the more it is used. To this end Tagcash develops apps and APIs to help this happen, such as coupons sold for your loyalty currency and e-commerce shops that can take your currency in exchange for goods.
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)