Blockchain-based financial services provider Traxion said it is introducing blockchain technology in the southern Philippines island of Mindanao that will allow people to receive their salary securely using electronic wallets.
TraXion chief executive officer Ann Cuisia explained at a recent event:
“By engaging farmland owners, they can use the QR code. The QR code will be their e-wallet and can be used in cashless transactions. They can also cash out it through ‘bayad’ [payment] centers.”
The digital wallet, Cuisia explained, would give farmers the option to receive their salaries without carrying a sizeable amount of cash.
"Imagine underserved being able to experience inclusiveness regarding financial services. Imagine farmers accessing fair-pricing without intermediaries, the profitability would be different. The type of livelihood would be elevated. Im...
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