Wise MPay working with Jelurida to launch blockchain financial platform

Singapore-based global payments technology company, Wise MPay, announced they are working with blockchain specialists, Jelurida, to launch a public-permissioned blockchain financial services (BFS) platform. The platform is named Coalculus, and is aiming to launch in September 2019 as Jelurida Public License (JPL) compliant software that brings digital payment, remittance, and ATM solutions to governments, banks, and the unbanked of Southeast Asia.

Based on a permissioned version of Jelurida’s Ardor technology, Coalculus promises lower costs, faster execution of transactions, improved transparency, auditability of operations, and other advantages that will benefit both financial institutions and unbanked individuals seeking access to digital financial services. Mr. Jack Bai, Director of Wise MPay, said, "Our vision for Coalculus is to create a globally-trusted financial transaction facilitation platform, but our initial focus is between ASEAN (Association of Southeast Asian Nations) countries, Hong Kong and Australia.

Timeline of Ardor