Introduction

Decentralized cryptocurrencies have been around since the launch of Bitcoin in 2009, the first widely-adopted decentralized cryptocurrency. The cryptocurrency market has grown to previously unimagined heights. The growth has been rapid and widespread, with a slew of new digital currencies, related startups, and exchanges entering the field each week. There are numerous reasons for the said demand in cryptocurrency. First, there are millions globally who lack easy access to standard bank services as a result of infrastructure issues. Beyond that, cross-border payments are typically charged heavily, and a digital currency could help to alleviate transaction fees from a centralized exchanger. Furthermore, blockchain transactions are easily traceable, allowing immediate feedback and checks and balances that can be utilized across all types of transactions

FILIP is committed to the development of a reliable transaction system under the blockchain technology of Ethereum. It utilizes a value of system protocol to achieve the transferring of payment on peer to peer basis, and to build a decentralized platform supporting the service economy applications that is highly flexible in terms of adaptation, convenience, reliability, security and allows the development of partnerships. Innovative technology, comprehensive governance structure and board applications leverage FILIP over existing cryptocurrencies. The foundation will provide transparency for payment management, financial management, development management, as well as business practices for partners, while upholding high standards of integrity, credibility, ethical business conduct, and strict adherence to applicable laws, rules, and regulations for the users and investors. The conception of FILIP and the possibilities it will offer have been strongly supported by the founding members, the development team, industry experts, early backers and investors, lawyers, and professional consultants.

The foundation will provide transparency for payment management, financial management, development management, as well as business practices for partners while upholding high standards of integrity, credibility, ethical business conduct, and strict adherence to applicable laws, rules, and regulations for the users and the investors. The conception of FCP and the possibilities it will offer have been strongly supported by the founding members, the development team, industry experts, early backers and investors, lawyers, and professional consultants.

Mission

FCP's mission is to create a social capital platform for service economy applications integrating blockchain technology to utilize and strengthen decentralized transaction protocol systems to serve and address the interests of all of its participants locally and globally. Our goal is to develop and innovate our own blockchain technology which focuses on decentralized finance, a system of service economy applications that will provide practical solutions for our users, investors, and developer partners.

This approach is the first-ever system that offers a balance between autonomy, cost efficiency, and risk. This will allow Partner Developers to focus on the development of relevant applications addressing the customers’ goals. A customer-centric approach driven by customer needs and preferences, but will, however, maintain the decentralized approach with respect to the payment protocol system to maintain reliability, speed, lower transaction fee, mobility, and enhanced security.

Vision

FCP envisions to be one of the pioneers of cryptocurrency in the Philippines, as well as in Asia, to implement DeFi and drive the country to global financial digitization. We envision being the catalyst of financial technology facilitating the growth of our partners, investors, and the rest of our stakeholders.