PEARL PAY – Your Virtual Money Logistics System

PEARL PAY – Your Virtual Money Logistics System

Pearl Pay Blockchain is a Virtual Money Logistics System. The role of the VMLS is to offer a money transfer platform and a mobile payment solution. It is a form of an advanced financial technology solution that is instrumental for enhancing financial inclusions connections between the diaspora on one hand, and local banks and financial institutions on the other.

Although the solution is for the Philippines, it could be adopted in other markets once success is registered in this growing economy.


The Background

The Philippines has a huge diaspora population of over 10.2 million people. Majority of these are active workers who emigrated in search of greener pastures. Having left behind relatives and friends, these people often require money remittance platforms to send money back into the Philippines. This group remits $74 billion per year where 99% is issued in checks or cash. Of the 1% electronic solutions, the wire transfers are expensive, lack transparency and are not appropriate for emergency needs due to the bureaucratic operations.

In the event that the international remittance systems are available, there exist many issues such as connectivity as International banks have a small market share in the country. Instead, rural and thrift banks have a market share of over 89% but zero remittance capabilities. This challenge cuts off the ordinary Filipino citizens from accessing money from relatives abroad.



Token Symbol: PRLPAY
Price of token: 1 PRPAY Token= TBA
Accepted Currencies: BTC, KMD
Total Tokens: 500,000,000
Maximum Coin Offered: 175,000,000 PRLPAY
Minimum Coin Required: 25,000,000 PRLPAY
Platform: KOMODO
Private Coin Sale Dates: June 18, 2018 @ 15:00 (GMT + 8)-TBA
Presale Coin Sale Period: July 10, 2018 @ 15:00 (GMT +8)- August 30, 2018 @ 14:59 (GMT +8)
Public Coin Sale Period: September 01, 2018 @ 15:00 (GMT +8)- October 30, 2018 @ 15:00 (GMT +8)
Country: Philippines

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Features of the Blockchain

Cryptocurrency Exchange. Pearl Pay Blockchain is aiming to be the best exchange solution for Cryptocurrencies utility tokens and fiat money. This feature will provide liquidity and ensure that users will get value for their tokens through on platform e-commerce solutions, peer to peer transactions, etc.

Domestic and International Money Remittance. The peers will be able to deposit money via different systems such as bank electronic transfers to their crypto wallets. This money can then be transferred to the recipient. The role of the financial institutions is to accredit the transactions and offer liquidity of the digital tokens conversion to Peso money.

Innovative Payment Solutions. Pearl Pay Peso will offer a solution that links the micro, small and medium enterprises financial systems with the local products and service providers such as the grocery store, pawnshops, salon, gasoline station, etc. Users of the Blockchain will link their accounts to the financial institutions that will deposit the purchase bills to the providers’ accounts.



Pearl Pay Blockchain will link Philippines’ remittance-dependent economy to the entire world. Peers will be able to send digital cash to each other and the local financial institutions will back up the utility of the digital cash after verifying the transactions. The solution will be easy, transparent, verifiable and cheap.

August 2, 2018

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Samantha Mitchell