Manila, Philippines, March 25, 2022 (GLOBE NEWSWIRE) — Direct Agent 5 Inc., a BSP-licensed money transfer provider, has partnered with hybrid e-wallet company Surge Mobile Access Inc. to offer fast and low-cost money transfer. Their brick and mortar over the counter (OTC) called Surge Direct Xpress (SDX), uses cryptocurrency coupled with traditional and mobile distribution channels to benefit Filipinos here and abroad. RJ Lizarondo III, CEO of Surge Mobile Access, says, “Our primary goal is to give back to our community through the power of blockchain technology.
SDX’s first product is their stablecoin token. The alliance between these two companies merges the robust digital assets and large community of Surge Mobile Access, which now encompasses fifteen churches worldwide and the mobile network of their millions of congregations, with more than 4,000 DA5 branches/partners in all over the country and abroad. Their blockchain-based global money transfer and bill payment service promises faster and cheaper services and fees for users around the world.
Surge Mobile Access CEO RJ Lizarondo III officially signs partnership with Da5 CEO Raymond Babst
Unlike traditional banks that use the SWIFT payment system to send money and various intermediary banks that tend to delay and add additional fees, SDX relies on blockchain to enable peer-to-peer transfer between the sender and the recipient. The only additional difference is that in addition to allowing transfer directly to digital wallets like most cryptosystems, the SDX system also has a link to an actual branch network for crypto-to-fiat conversion. It is something many Filipinos still prefer as they are used to it.
New strategic partnership (LR: Jay Em, Justine Em, RJ Lizarondo III (Surge), Raymond Babst, Jonathan Lizarondo (DA5), Charles Inducil (Acceptar Group)
SDX has created a seamless cross-platform system that will truly showcase the benefits of blockchain technology paired with a digital application. This technology aims to speed up remittances for Filipinos around the world at a lower cost. It will also provide new rewards and value-added services through the SDX token and the ecosystem around it.
With this new SDX token, not only will they be rewarded, Filipino Overseas Workers (OFW) will now have faster and cheaper options to send money to the Philippines. (Remit-Save-Reward Program).