SGPay – 3rd generation e-wallet and e-payment mobile application

SGPay Token is built on the Ethereum blockchain in accordance with the ERC-20 standard. The SGPay Token (or SGP in short) is built as a utility token to be used on our primary platform SGPay. It will be adopted by our technology partners and affiliated merchants.

Primary platform SGPay may be a third generation e-wallet and e-payment mobile application that enables users to shop for and sell cryptocurrencies, or build purchases exploitation each cryptocurrencies and act currencies. Team objective is to form SGPay the leading e-wallet and e-payments mobile application for everybody living in Singapore and also the region. Customers are able to procure their groceries, purchase picture tickets, book flights and additional with SGPay. they’ll even be able to choose their most well-liked mode of payment, either in act currency or cryptocurrency at designated merchants.

SGPay and its tokens helps to resolve these issues and promote the expansion of cryptocurrencies in Singapore and Asia. the last word beneficiaries of this improvement ar the first adopters of cryptocurrency.

Firstly, SGPay is associate e-wallet that enables users to shop for and sell cryptocurrencies. it’s associate integral incentive system that awards lower group action fees to users WHO hold additional SGPay tokens. SGPay can permit its users to additionally build transactions exploitation its tokens, and to procure added services on the platform.

Secondly, the addition of SGPay into the payments scheme additionally provides users larger alternative and variety for payments in Singapore and Asia. there’s a lesser chance of anybody e-wallet gaining monopoly power and imposing unfavorable terms on users.

Thirdly, SGPay can advocate the utilization of cryptocurrency for payments regionally. This creates a additional acquainted setting for users WHO ar already snug with exploitation e-payment apps. currently that cryptocurrencies ar promoted and supported on a preferred payments application, the utilization of them can increase correspondingly.

Full Feature Set

  • Accessible from mobile devices on both Android and Apple iOS
  • Decentralized tokens on the blockchain
  • ‘Cold-Storage’ style wallet protects up to 99% of crypto-assets stored with us
  • Support for transactions involving cryptocurrencies such as the SGPay Network Token, Bitcoin, Ether
  • Support for deposit/withdrawal of Singapore Dollar funds
  • APIs built to support merchant and user funds exchange
  • Full access for users over their private keys (platform will not store keys)
  • Support for debit and credit cards during the e-payment phase
  • Deep integration with industry leaders from the Insurance, Travel and other fields
  • Monetized reward system built into the platform
  • Support for locally developed cryptocurrencies such as Kyber Network Crystals, Zilliqa Tokens and more

The development of SGPay system is already in progress. Following is an overview of the project planning breakup. With its expected completion by May 2018, we are planning to launch the initial version of the system by Jul 2018.

Phase I (2H 2017) — Prototype Stage

  • Prototyping different various user interfaces
  • Optimizing the best user experience for our application • Coding the wireframe for our platform
  • Seeking of various liquidity partners for our platform
  • Defining prototype functionality
  • Establish prototype objectives

Phase 2 (1H 2018) — Launch of Beta + Initial Release Version

  • Evaluate and refine prototype •
  • Debugging and user-experience testing •
  • Full systems development initiated •
  • Full e-wallet functionality and support for 3 currencies
  • ‘Incentive’ algorithm based on SGPay Token built-in

Phase 3 (2H 2018) — Addition of Payments functionality

  • Launch of e-payments functionality
  • Support for debit/credit cards
  • Potential support for more locally developed tokens
  • Intensive Adoption Drive
  • Lay groundwork for creation of APIs for partner services

Phase 4 (1H 2019) — Partner Services API

  • To partner with various technological providers to enhance the use cases of our product
  • This will include insurance company tie-ups, mobile company tie-ups and partnerships with other big firms in other sectors
  • This will open up whole new users for our wallet application and make it a truly all-in-one platform

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ETH address 0xC53AF309cb2c85F830148EDf1dfa4B2520E56594

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