Singapore-based FinTech relying on Jelurida for Blockchain

Wise MPay is intending to launch a public Blockchain financial services platform called Coalculus in September. This would offer cutting-edge digital payment, bank transfer and ATM solutions to governments, banks and non-banks across south-east Asia. The platform will be based on Blockchain technology. In this context, Wise MPay will now be cooperating with Blockchain specialists Jelurida, whose headquarters are located in the Canton of Ticino. According to a press release, Jelurida will provide its Ardor Blockchain platform, which should lead to costs being cut, transactions being executed more rapidly, an improvement in transparency and audit compliance.

Coalculus is targeted at south-east Asian countries in particular. Here, the potential for digital payment solutions is particularly great. The press release explains that more people in south-east Asia have access to cellular network connections than to a bank account. Jack Bai, Director of Wise MPay: “Our vision for Coalculus is to create a globally reliable platform to facilitate financial transactions”.

Wise MPay’s intention is to make use of “a convergence of public and authorized Blockchains, based on the simple idea that companies should be in a position to introduce innovative financial services quickly and easily and, in doing so, benefit from the advantages offered by Blockchain”, Bai explains further. “This is our USP and we therefore chose Jelurida as our technology supplier”.

Jelurida’s Ardor Blockchain platform is not only a money transfer system. It can also be used for commercial activities with digital products, creating user-defined currencies and decentralized crowdfunding, for example. The German consumer and industrial company Henkel is among Jelurida’s customer base. Experts at Jelurida help to implement new Blockchain solutions.