Metro Manila’s biggest spa is now starting to accept crypto currency as mode of payment.
Building Cities Beyond Blockchain (BCB Blockchain), the world’s first blockchain protocol for the development of smart city solutions, provides its mainnet blockchain technology to support Yatai Spa’s payment infrastructure.
Yatai Spa is a three-floor development of a modern facility with business & commercial center showcasing a relaxation, entertainment and wellness destination located in the transportation hub Newport City, Pasay City. It covers an area of more than 7,000 square meters and operating 24/7. The Yatai Spa possesses a set of variety functions such as entertainment leisure catering business negotiation cultural exchange, party venue, SPA health and private living space
“BCB will enable Yatai Spa to a faster, transparent and more secure payment. This will also allow them to have less infrastructure transaction fees which cost only around 0.06 Chinese Yuan or 0.45 pesos,” Vanessa Koh, BCB Blockchain Chief Technology Officer said.
In addition, using BCB allows the spa to save on outdated servers and the cost of operating multiple software payment solutions.
The cost savings in return, allows Yatai spa to offer 20% discount on all spa services by using BCB.
“As the largest spa in Manila with a huge customer base, this gives BCB an advantage to reach its goal of mass adoption. BCB hopes to have more merchants and businesses onboard as well, ”Koh added.
Aside from providing payment infrastructure, BCB enables creation of smart contracts and Dapps (Decentralised Applications), community voting, and many other auditable services. By providing high liquidity and low transaction costs, BCB holders enjoy transparency and improvement of settlement efficiency of payments and transactions in its supported smart cities and establishments.
Earlier in June, BCB Blockchain signed partnership with Philippine’s leading tech incubators QBO Innovation hub and DLSU Animo for joint projects on incubations, hackathons, and smart city solutions.