The Noah Project: A Haven for Blockchain Enthusiasts
Blockchain technology is set to help millions of people all over the world transact with each other in ways that are simpler and more efficient than ever. The ability to exchange money through a peer-to-peer network brings enormous change to billion dollar industries like banking and venture capital. It also opens new markets for services such as remittances, which have a much lower transaction cost thanks to the new technology. Blockchain has become a boon to previously unbanked parts of the world.
The Noah Foundation is a non-profit organization that promotes this type of social and economic growth in the Philippines by developing blockchain-based solutions that ease the everyday activities of the people. It aims to bring about social innovation and reduce economic disparity, using this technology to build an ultimately borderless world. The Noah Project catalyzes the development of financial infrastructures that simplify financial transactions between people across borders.
Migrant Filipino workers are the first to benefit from the Noah Project. They can use a service that allows them to quickly remit money back home to their families using Noah Coins. It is no secret that numerous Filipinos work countless hours overseas in order to offer financial support for their families in the Philippines. Moreover, OFW remittances are about 10% of the country’s GDP. Unfortunately, individuals have to pay a fee for every order, which can reach up to 10% of the amount sent.
This is where Noah Coin comes in. The solution developed by the project drops the fees to as low as 2%, making it an easier medium of sending and receiving money between families and businesses in the Philippines. This enables families, both overseas and locally to avoid the hassle and lessen that burden.
The Noah Project mission is to consolidate and create a common ground that will enable cryptocurrency users to seamlessly integrate all existing features under the same platform. It enables low-fee remittances, facilitates the implementation of mobile money, create e-wallets, offers discounts, and provides trading services that will give its users unique and viable alternatives to traditional payment formats and financial tools.
The idea started in 2016 as a blockchain platform primarily focused on enhancing trade between Japan and the Philippines. Using blockchain-powered applications for remittance services as well as business to business, and business to customer payments, Noah bridges the gap between Japanese and Filipino citizens, travelers, and organizations. The project has also partnered with real estate projects to fully create townships and communities driven by Noah Coins.
More than just a cryptocurrency, Noah Coins can also serve as a valuable financial tool that can efficiently decrease costs of money transfers across geographical borders. They can also play a part in retaining customer loyalty.
Noah Coin has enormous potential to be used in unique, ambitious, and promising projects under the management of a team of reliable professionals. They will be used in the Noah Resort in Zamboanga del Norte. Noah Coin holders will get access to three tennis courts, billiards, a bowling alley, a world-class golf course, horseback riding, ziplining, rock climbing, wakeboarding, a fully fitted air-soft facility, rappelling, cove hopping, scuba diving, snorkeling, kayaking, banana boat, jet ski, river cruise, and sunset cruise. You will be able to use Noah Coin as a token at every corner of the resort and receive exclusive discounts.
Another breathtaking project is the Noah City that will be built in the heart of the beautiful Manila Bay. It will include hotels, shopping malls, amusement facilities, and much more. The Noah holders will be able to use their coins for discounts, rebates, purchases, rentals, amenities, or trade them on cryptocurrency exchanges. The Noah City promises to become a real paradise for crypto enthusiasts.
