User:Markvtc/Tagcash

Tagcash is a Financial Technology startup company building Payments & Rewards services and products. It was founded by entrepreneur Mark Vernon in January 2014, and is headquartered in Makati in Metro Manila, Philippines. It is responsible for the creation of multiple applications and websites that handle Payments and give Rewards, either closed loop or virtual currency.

History
Tagcash Ltd was founded by Mark Vernon in January 2014. It has 100 million pesos in paid up capital (approximately 2 million USD at current exchange rates). It operates from offices in Makati, Manila with a staff of approximately 25 people. The company caters primarily to the Philippines market, but its services are offered worldwide.

Growth and Expansion
2014
 * Tagcash created its first product. This was the Tagcash Wallet Application, with chat, ewallets (Fiat currency, merchant created points and cryptocurrency), and a number of services to help customers and merchants deposit, spend, transfer and withdraw. The Tagcash Wallet application is available on Android and iOS platforms, with a public API available to access and access data. Development is ongoing but publicly released.


 * A crypto currency (Tagcoin) was created by Mark Vernon which is used as the rewards currency within TAG applications and platform. This is based on Bitcoin protocol, although it differs slightly in that it also offers Proof of Stake in addition to Proof of Work mining.

2015
 * A second application was created for Android only, which enables stored value closed loop currency to be transferred from the online wallet, to an Android mobile device and from there onto NFC wristbands and cards (NXP Ntag216 chips), particularly useful in areas with little or no internet.

2016
 * The application Tagbond was released for ios and Android mobile platforms, offering asset management, metadata and linking to NFC, RFID, barcodes and QR codes. Ongoing development of the app includes linking products to the Blockchain, and rewarding users for updating of metadata.
 * A website was launched for sales and management of Event tickets for local events in Philippines.

2017
 * The application Tagwild was released. This is a digital scavenger game for gamified loyalty and advertising, using QR codes, geotagging, NFC and Bluetooth Low Energy (BLE) beacons.
 * The addition of various services utilizing the Tagcoin Blockchain are under development for the different applications created by Tagcash.

Investments
As part of the plan to encourage users in Philippines to use digital cash, Tagcash has invested in various startups


 * Packing Delicious -
 * I want Seats -
 * Tripkada
 * Horsepower
 * Hybrain