January 3, 2019. A new messenger that runs on the blockchain called “Mit Messenger” is coming to the Philippines. The messenger plans to compete with the country’s popular social networking services such as Viber, Messenger, and WhatsApp. Together with Mit Messenger, Boxcorn, a cryptocurrency exchange also launched at Conrad Hotel Pasay. As an international cryptocurrency exchange, it also aims to make remittances easier and cheaper for Filipinos.
Mit Messenger was launched by IT company Stargram Global together with Stargram Philippines. It aims to ensure that its users receive and send out communications via a reliable platform such as the blockchain.
According to its website, Mit Messenger’s voice and video calls are encrypted by default. It is expected to compete with major messaging apps in the Philippines such as Viber, Messenger, and WhatsApp. Mit Messenger is also reported to be available on iOS, Android, Windows, and Mac.
“Our serverless messaging concept means that, once delivered, data is never stored on any server. All chats are kept safe from unwanted eavesdroppers.” – Mit Messenger Website
Boxcorn, an international cryptocurrency exchange, aims to help Filipinos and OFWs worldwide have an additional option in making cheaper and faster remittance. Aside from that, it will also expand into off-line exchanges and transactions in foreign exchange transactions so it can deal with casinos.
“All cryptocurrency which listed on BOXCORN will be used in various commerce / convenience services by linking it with mit messenger” – Boxcorn Website
In the Philippines, there are cryptocurrency exchanges making its name in the space. The first one is Coins.ph’s Coins Pro. The exchange was initially on private beta to selected Coins.ph and as of this writing, it is now open to Coins.ph users. Interested users who don’t have an account yet will need to create an account with the crypto wallet.
PDAX or Philippine Digital Asset Exchange is second on the list. It will let Filipinos trade cryptocurrencies and digital assets without the need for going to foreign exchanges. It is also reported that the exchange will utilize the same order-matching technology used in stock exchanges to match buyers and sellers.
Third is Citadax by SCI Ventures. It is the company behind buybitcoin.ph, bitbit.cash, and rebit.ph. No additional information was released about Citadax but their website is open for interested parties to join its whitelist.
Lastly, VHCEX is a cryptocurrency exchange from VCPI Philippines. It is set to launch this January 2019.
This article originally appeared on BitPinas: Messenger that Runs on the Blockchain Is Coming to the Philippines