Philippines’s payments solutions firm SALPay partners with Unionbank to develop blockchain wallet; raises US$7M via ICO

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.

And;

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.