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Seafarer Coop to onboard up to 1M members on Blockhain-powered TraxionWallet

From left: Miguel Pilar & Ann Cuisia of Traxion.tech, Jeffrey Prochina & Peter Baylon of SEACOOP and Jojy Azurin of Traxion.tech, inked a deal to empower overseas workers and their families through a digital wallet.

The Seamanpreneurs Consumer Cooperative (SEACOOP) is one of the latest organizations to adopt blockchain technology.

In a contract signing held between SEACOOP and Traxion.tech at The Seafarers & OFW Business Expo 2018 last March 23, Traxion.tech promises to provide “TraxionWallet”, which will facilitate membership payments, investments, insurance & remittances of cooperative’s target one million members.

“Using blockchain’s Hyperledger Fabric, SEACOOP members will enjoy lower transaction fees and faster transaction time. They can also get discounts on insurance premiums when Traxion tokens are used, “ Ann Cuisia, Traxion.tech Chief Executive Officer said.

Traxion.tech provides white-labeled solutions for business organizations who want to move their financial assets at zero cost through tokenization of their local currencies.

SEACOOP is a community of seamanpreneurs and advocates who are driven by common goals and purposes.  Founded by Seaman Entrepreneurs Advocacy Center Inc., a non-stock non-profit organization, it aims to educate Filipino Seafarers, OFWs and their families in financial literacy, develop their business acumen, and support their quest for entrepreneurship.

Traxion.tech is a product of Ireland-registered company Pluma Technologies Ltd. with its local partner Gava Technologies Inc, the company behind the crowdfunding platform GavaGives. It is a platform that is designed to offer various traditional financial products on a blockchain environment. Traxion.tech is joining the roster of companies tapping the cryptocurrency market, announcing its plan to sell maximum $60 million worth of tokens starting May 1, 2018.

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