On its weekly Friday update, LoyalCoin announces that it will be listed on a new top 30 cryptocurrency exchange OEX, its contract signing with Grab Philippines, and three new LYL merchants in General Santos city.
This article is first published on September 10, 2018.
During its trip to Singapore, the LoyalCoin team secured a partnership to allow LYL to get traded with SG-based OEX Crypto exchange. Launching this October, this puts LoyalCoin in 5 exchanges, including NEMChange, Cryptopia, Kryptono, and Coinis.
LoyalCoin x Grab
The company’s founder and CEO, Mr. Patrick Palacios, shared on Facebook the official signing of LoyalCoin x Grab partnership.
The tie-up will let loyalists redeem vouchers, discounts, and other perks on the Grab app using the LoyalWallet.
“A lot of our loyalists would be excited. They can go to point A to B or deliver something using LoyalCoin.” – Mr. Patrick Palacios, Founder and CEO, LoyalCoin
“We at Grab, we are very user focused and we’d like to delight our customers in many different ways. The fact that LoyalCoin provides so many options for their loyalists is actually very much in line in what Grab does for our riders as well.” – Mr. Martin Luchangko, Country Head, Grab for Business
Three new merchants are joining the Loyal ecosystem and all of them are in General Santos City, Mindanao.
- Tita Ming’s Suman atbp.
- Pizza La Roma
- C-MAV Travel Agency and Tours Services
During last week’s update (August 31, 2018), the team announced its US ambassador program. US students will get paid LYL every time they promote LoyalCoin.
The loyalty platform is also running “The 10 Million LoyalCoin Challenge” in celebration of its listing on Kryptono Exchange, a trading platform also based in Singapore. This challenge will run from August 22, 2018 to September 21, 2018.
During the NEM Philippines’ first anniversary, the company’s COO, Mr. Paolo Bediones shared his thoughts about the status of blockchain and cryptocurrency in the country. According to Mr. Bediones, the Philippines is “one of those rare countries” where our regulators such as the Bangko Sentral ng Pilipinas (BSP) and Securities and Exchange Commission (SEC) are “not just curious but ready to embrace the concept of cryptocurrency and blockchain”.