Earlier today, Singapore-homegrown mobile payment company SpherePay announced its strategic partnership and investment from one of China's leading blockchain company Titanium (TV). Titanium Value (TV) has confirmed this investment into SpherePay cryptocurrency project SAY as part of its globalisation plan to penetrate the Southeast Asian market. The investment value was not disclosed.

Titanium (TV) is the chain on the titanium chain (Ti-Blockchain), which has been registered on many exchanges with current market capitalization of about 160 million yuan (USD 25 Million). Titanium chain is committed to the development of the public chain ecosystem beyond the existing blockchain, combining IPFS systems to solve existing financial problems and a large number of network storage idling issues. Its main feature is encrypted distributed storage with smart contracts based on graphene technology.

SpherePay which recently launched SAY, a cryptocurrency project that will allow its users to pay using virtual currency in real-life scenes through their mobile app saw itself securing several partnerships including oBike, a well-known Singapore owned bike-sharing company, to provide direct payments to cyclists via cryptocurrencies such as BTC, ETH, DASH, OCN, TRUE, TV and SAY via SpherePay. Other significant partnerships include Odyssey (OCN), TrueChain (TRUE) and DATx (DATx), a sign of strong support within the industry.

Titanium (TV) placed this strategic investment in SpherePay, in line with its globalisation process, tapping into the strong market access in Southeast Asia. In addition, in a circumstance that a unicorn has not appeared in the mobile payment industry in Southeast Asia, SpherePay is looking out to lead the way for innovation and has taken a bold step to introduce the encryption of real money with blockchain technology. This is also an important reason why the Titanium (TV) team has decided to jump into this strategic investment with SpherePay. This will also further broaden the flow of Titanium (TV) and promote the value of Titanium (TV) turnover.