APAC Business Awards 2017
12 APAC / Business Awards 2017 , In early 2018, Pure Money Technology’s pioneering new programme will begin, offering the firm many exciting opportunities to work with a range of clients. Carlos discusses the firm’s ambitions and how he is driving change within the blossoming market. “Pure Money Technology, which recently partnered with Micro Money, is in the cryptocurrency business. Bitcoin is getting a lot AB170009 Pure Money Technology Inc PureMoney Technology Inc is a self-funded company which, after only three months, has implemented and deployed three smart contracts on the EthereumRopsten test network. Carlos Tapang discusses the firm’s plans for the future as it seeks to build upon this achievement and grow even further. of attention, but Ethereum, the number two cryptocurrency in terms of market capitalization, is a much-improved version of the same idea. Our vision is to spread the use of Ethereum as a medium of exchange – we want people to be able to use Ethereum in their daily lives, to buy grocery, to pay for lunch, pay for the apartment. To achieve this vision, our mission is to distribute a free Point-of-Sale (POS) app that allows vendors to accept ethers at their stores. We are organizing an army of evangelists who will push the POS app. This army is decentralized, working together to achieve this common purpose by way of “smart contracts”. The smart contracts we will soon be deploying on the Ethereum network will allow us to recruit LOCAL evangelists who will be incentivized by a commission on every POS transaction. This is an international undertaking, but we will start with two markets that we are most familiar with, the Philippines and the U.S.” Overall, Carlos and his team have a bright and exciting future ahead as they seek to offer a unique platform for cryptocurrencies, as Carlos concludes. “Looking ahead, the smart contracts are up and running in the Ethereum test network. I am aiming for deployment in the main Ethereum network by mid-January. Once it is deployed in the main network, we will start a pilot program in Manila and the Seattle area. If the pilot programs are successful, we will then start a token sale. The tokens are aimed mainly at people who will be evangelists, but these can also be held as tokens of value. Each token entitles the holder to an installation of the POS app in the holder’s (evangelist’s) chosen territory.” Pure Money Technology Inc, has implemented and developed three smart contracts on the EthereumRopsten test network. Carlos Tapang discusses the firm’s plans for the future as it seeks to build upon this achiement.
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