Sainul Abudheen K, writing for e27;
Payroll solutions company Salarium Payments (SALPay) has partnered with Unionbank of the Philippines to use the latter’s digital banking platform EON to develop its blockchain wallet SALPay 3.0.
SALPay will create a co-branded Visa card programme connected to the wallet.
SALPay is currently in the process of raising US$20 million via initial coin offering (ICO). With just three days left, the company has already raised around US$7.1 million.
It’s just a matter of time before financial institutions uses blockchain technology with their respective platform. Since blockchain have been proven to be a secured and effective way of recording transactions.
Interesting way to pay.
The system is tied to Alibaba’s Alipay and this may just be the start and Chinese shoppers and consumers may soon see the face system in other establishments like shopping malls and groceries stores.
Bloom Solutions, a fin-tech firm that aims to transform the remittance business with blockchain technology.
The company’s Bloom API combines cutting-edge technology like blockchains and cryptocurrencies with traditional compliance tools.
Tomas S. Noda III, writing for Deal Street Asia;
Southeast Asia’s first digital pawn shop PawnHero has closed a $9.7 million (P500 million) financing deal with a Philippine investment bank even as it signed a partnership agreement with the fintech arm of telco giant PLDT.
Jon Russell, reporting for TechCrunch;
U.S. firm Stripe said today that it has agreed to global deals with Alipay and WeChat Pay, two digital services that dominate consumer spending in China. Alipay, which is managed by Alibaba affiliate firm Ant Financial, counts over 500 million users, while WeChat Pay — the digital payment feature within China’s top chat app WeChat — claims more than 600 million users.
You can read the full text of Stripe’s announcement from the company’s blog section.
Legalese is an open-source project to draft legal documents the way programmers develop software. Our first product is a SaaS app for entrepreneurs to configure and engross all the paperwork for an angel or seed round — we’re talking shareholders agreements, corporate resolutions and amendments, rights notices, as well as prerequisites like ESOPs and vesting, all compiled from high-level expressions.
Software is eating law.
At Legalese, computer scientists and lawyers are defining computational law.
As of April 2016, Legalese’s v1 soft beta has supported over $1M in deal volume.