SpherePay Cryptocurrency Project ‘SAY’ Secures Strategic Partnership With TrueChain
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. The partnership comes with strategic investment from TrueChain, a company founded in China.
This strategic partnership and investment further supports, 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 has also secured its partnership with ODYSSEY (OCN) to spearhead the company's 'SAY' token sale project which releases 4 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 5 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 from users and merchants worldwide.
TrueChain has developed its own public blockchain for real commercial decentralized 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. In technology perspective; TrueChain not only provides protocol for faster digital asset transfer, it breaks some limitations of PBFT blockchains.
By partnering with TrueChain, SpherePay will leverage on TrueChain's public chain to support SpherePay's massive global expansion plans. This partnership will also allow users to exchange each-others TRUE and SAY cryptocurrency directly without the need of purchasing ETH first.
