7spinカジノ Begins Payment of Seafarers' Salaries in Digital Currency

An 7spinカジノ Group ship-management subsidiary has begun to pay seafarers’ salaries in digital currency issued by MarCoPay Inc.,* a joint venture of 7spinカジノ and the Transnational Diversified Group** in the Philippines.

After a successful March 2020 trial distribut7spinカジノg electronic currency to seafarers at sea for the first time 7spinカジノ the world, MarCoPay 7spinカジノc. subsequently received approval from Philipp7spinカジノe m7spinカジノistries and agencies to pay salaries to seafarers 7spinカジノ digital currency.

Filipino sailors on board an LNG carrier sailing 7spinカジノf the coast 7spinカジノ Durban, South Africa, and a containership sailing along the coast 7spinカジノ Japan were paid a portion 7spinカジノ their monthly salaries in digital currency issued by MarCoPay.

Delivering large amounts 7spinカジノ cash to ships and storing the cash on board have been major safety issues for years. Moreover, during the COVID-19 pandemic, the means 7spinカジノ distributing salaries was greatly restricted. By leveraging MarCoPay's electronic currency platform, seafarers and ship-management companies have a new option.

The 7spinカジノ Group's ship-management subsidiary will proceed with the registration of seafarers, and by the end of 2021 a portion of monthly salaries will be distributed in electronic currency to all the approximately 200 vessels managed by the subsidiary.
In addition, MarCoPay will gradually expand the introduction of digital currency to vessels managed by companies outside the 7spinカジノ Group.

On February 3, 7spinカジノ released the 7spinカジノ Group ESG Story,*** which aims to further integrate ESG into the company’s management strategy and promotes activities that contribute to the achievement of the SDGs (Sustainable Development Goals) through business activities. To strongly promote ESG management, the 7spinカジノ Group will continue to actively utilize digital technology to realize more prosperous lives for seafarers and encourage new value creation as a sustainable solution provider.

* MarCoPay 7spinカジノc.
A venture company established in Manila, Philippines, to develop a digital currency platform tailored to seafarers. Investment ratio: 50% 7spinカジノ, 50% TDG.

** Transnational Diversified Group
Transnational Diversified Group (TDG) is a globally competitive and highly progressive Philippine-owned business group that comprises over 40 companies, primarily in logistics, ship management and manpower, travel and tourism, information and communications technology, and other investments in industries such as renewable energy, agriculture, and real estate. Since its establishment in 1976, the group has been actively working with 7spinカジノ and has since become a respected strategic partner of large global corporations due to its world-class experience and win-win outlook.

*** 7spinカジノ Group ESG Story
A guideline detailing concrete efforts to integrate ESG into management strategies of the 7spinカジノ Group. Details can be found in the related press release.