SpherePay to launch own cryptocurrency

Singapore founded SpherePay said it will introduce the world’s first shared economy blockchain platform in working partnership with ODYSSEY (OCN). This would set a milestone for a Singapore based company to introduce a new technology on a global scale.
Having earlier announced its biggest partnership with oBike, that saw the company acquiring over 5 million users in Southeast Asia, SpherePay has upped its game by venturing into the cryptocurrency arena. Within a week of its previous funding round, SpherePay has secured yet another strategic investment from ODYSSEY (OCN), a sharing economy blockchain project initiated by the founding members of Obike. ODYSSEY (OCN) is also the only provider in the shared economy of blockchain project in Southeast Asia for cryptocurrency transactions. The investment amount was not disclosed.
According to SpherePay's development plan, the company will officially open the encrypted currency wallet and QR code payment function in March 2018. This new development will see SpherePay as the only mobile payment platform in the world that enables the virtual currencies to be transacted in real life. This means that users will be able to spend their cryptocurrencies to purchase everyday items via the SpherePay app. The app e-wallet will support various cryptocurrencies such as Bitcoin, ETH, SAY, OCN and others. Users will now be able to carry cryptocurrencies as well as credit card, debit card, SpherePay’s Advanced Credit – all stored in one e-wallet.