Singapore's homegrown mobile payment app company SpherePay has announced its strategic partnership with TrueChain (TRUE), one of the world's fastest next generation blockchain company, says a Media OutReach release Tuesday.
The partnership comes with strategic investment from TrueChain, a company founded in China. This strategic partnership and investment further support, speed up and enhance SpherePay' s mission to turn cryptocurrency into a real-life transactional experience for users who owns digital currency assets. The investment amount was not disclosed.
Earlier this month SpherePay also secured its partnership with ODYSSEY (OCN) to spearhead the company's 'SAY' token sale project which releases four billion SpherePay cryptocurrency 'SAY' tokens for sale currently. With this, SpherePay will be the first in the world to allow users to spend their cryptocurrencies such as Bitcoin, ETH, DASH, OCN, TRUE, SAY etc in real-life at any merchants via 'scan & pay' method.
SpherePay currently serves over five million users in South East Asia and over 10,000 merchants in the region. With its strategic partnership with TrueChain (TRUE), it propels SpherePay to quickly expand its user-base without disrupting the speed, security and stability of the transaction processes. Its reliability will secure trust and confidence of users and merchants world-wide.
TrueChain (TRUE) has developed its own public blockchain for real commercial decentralised applications. Its blockchain were based on an improved PBFT consensus protocol that provides fast peer-to-peer communication, value transfer, and efficient smart contract infrastructure.
"SpherePay will benefit greatly from TrueChain's own blockchain technology. Compared with Ethereum, TrueChain has ultra-high performance TPS and able to support large scale transactions concurrency perfectly", says Joseph Chen, co-founder and CEO of SpherePay.
"This will be our biggest partnership so far and by working together, TrueChain will provide a solid foundation for Spherepay's large-scale virtual currency payment transactions. We are looking to serve over 400 Million population in South East Asia, however, in recent weeks, we have received many investment and partnership opportunities for expansion in out of Asia countries like India, SriLanka, Middle East and Europe and we are taking this on to serve billions of populations" continued Joseph Chen.
With SpherePay's ongoing development, the company is poised to be the largest mobile payment platform for South East Asia with the additional function of allowing users to transact with cryptocurrency in real-life.
SpherePay's 'SAY' public token sale is currently on-going, and buyers are able to purchase their cryptocurrency- 'SAY' through their official website at Say.spherepay.com