The Future of Bitcoin Mining: What Would Happen If All BTC Were Mined?

 

Discover the future of Bitcoin mining as we approach the 21 million BTC cap. Learn about the transition to transaction fees, economic scarcity, and innovative strategies ensuring the sustainability and security of the Bitcoin network. Explore key insights and expert analysis for crypto enthusiasts and investors.

Bitcoin mining has evolved significantly since the cryptocurrency’s inception, driven by lucrative incentives and the decentralized ethos of its network. Initially, miners were rewarded with 50 BTC per block, enabling early adopters to accumulate substantial Bitcoin holdings relatively easily.

Today, the mining reward is 3.125 BTC per block following four halving events. With over 19.8 million Bitcoins already in circulation and only 1.5 million left to mine, the cryptocurrency will reach its cap of 21 million by approximately 2140.

Bitcoin’s Finite Supply and its Implications

The hard cap of 21 million Bitcoins is a cornerstone of Satoshi Nakamoto’s vision for a decentralized and scarce digital asset. This scarcity underpins Bitcoin’s value and demand, likened to digital gold. As the cap approaches, the network’s dynamics will shift:

1. Transition to Transaction Fees: Post-2140, miners will rely exclusively on transaction fees to validate and secure transactions. This shift is anticipated to sustain the network’s security and functionality.

2. Economic Scarcity: The finite supply enhances Bitcoin’s appeal as a store of value, potentially increasing its price as demand outpaces availability.

3. Adaptation of Mining Strategies: Miners are expected to adopt innovative solutions, such as utilizing heat generated during mining for secondary industries, ensuring continued profitability and sustainability.

Motivations for Bitcoin Mining

Bitcoin miners are driven by a mix of financial, ideological, and strategic motivations:

1. Financial Gains: Mining presents a lucrative opportunity through block rewards and transaction fees. Despite diminishing rewards, Bitcoin’s rising value and transaction activity continue to incentivize miners.

2. Decentralization: By participating in mining, individuals contribute to Bitcoin’s decentralized nature, which resists censorship and centralized control.

3. Long-Term Investment: Many miners view accumulating Bitcoin as a strategic investment, banking on future price appreciation.

4. Network Security: A high hash rate reflects robust network security and resilience, attracting further investment and participation.

Adapting to Challenges: The Resilience of Bitcoin Mining

Bitcoin’s mining ecosystem has demonstrated remarkable adaptability in the face of challenges. For instance, when China banned Bitcoin mining in 2021, miners quickly relocated operations, highlighting their resilience.

Similarly, the rising hash rate underscores Bitcoin’s ability to attract participation and maintain security, even amidst market fluctuations.

Key factors ensuring mining’s sustainability include:

1. Technological Advancements: Continuous improvements in mining equipment reduce operational costs and enhance efficiency.

2. Cheaper Energy Sources: Many miners leverage renewable and low-cost energy sources, such as hydroelectric power, to maximize profitability.

3. Difficulty Adjustments: Bitcoin’s algorithm dynamically adjusts mining difficulty, ensuring mining remains viable regardless of market conditions.

4. Price Appreciation: Historical trends show that halvings often drive Bitcoin’s price upward, offsetting the impact of reduced block rewards.

The Role of Transaction Fees

Transaction fees are poised to become the primary revenue source for miners as block rewards diminish. These fees have shown a potential to sustain mining operations, with instances like April 20, 2024, where transaction fees exceeded block rewards, accounting for 75% of miner revenue.

The increasing adoption of Layer 2 solutions, such as the Lightning Network, is expected to balance transaction costs and improve network efficiency, ensuring that Bitcoin remains accessible and secure.

Addressing Concerns About Deflation and Network Security

Bitcoin’s deflationary nature and fixed supply have sparked debates:

1. Economic Viability: Bitcoin’s divisibility into 100 million satoshis ensures usability even as its value rises. This design supports long-term investment and savings without stifling economic activity.

2. Network Security: Despite reduced block rewards, miners are expected to remain motivated by transaction fees, technological advancements, and Bitcoin’s price appreciation.

3. Global Adoption: Increasing acceptance by nation-states and integration into financial systems further solidify Bitcoin’s role as a global reserve asset.

Future Innovations and Diversification

Miners are exploring diversification strategies to sustain profitability:

1. Renewable Energy: Transitioning to sustainable energy sources reduces costs and addresses environmental concerns.

2. High-Performance Computing: Some miners are leveraging their infrastructure for AI and data processing, creating additional revenue streams.

3. Nation-State Involvement: Governmental adoption and initiatives, such as strategic reserves and cross-border trade, bolster Bitcoin’s legitimacy and utility.

Conclusion

Bitcoin’s ecosystem is well-positioned to thrive despite the eventual depletion of block rewards. The adaptability of miners, coupled with rising transaction fees, technological advancements, and broader adoption, ensures the network’s sustainability and resilience.

As cryptocurrency continues to evolve, it remains a testament to the ingenuity of decentralized technology and its potential to redefine global finance.

And please do your own research if you want to buy BTC. If you are a newbie in this crypto field, Bitrue will help you. You can use all of Bitrue’s features to get all the information you need before buying BTC. You also can check BTC price from BTC to USD so you can know how much budget you need to prepare for the investment you are going to make.

About Bitrue

Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.

This press release has also been published on VRITIMES

ASCARO Presents the GoodFest Event Bringing Padel and Wellness Together

 

The inaugural GoodFest Event showcases padel sport and other wellness experiences while spotlighting ASCARO Padel & Social Club as the ideal location for hosting health and wellness activities and events.

KUALA LUMPUR, December 2024 - ASCARO Padel & Social Club, Malaysia's premiere padel destination hosted the inaugural GoodFest Event this past weekend featuring a variety of wellness activities and a padel tournament. 

As the padel sport has been gaining popularity, the event was attended by about 400 people including regular players, wellness enthusiasts, influencers, and experts from different specialties. There was also a padel tournament, The GoodFest Cup, which added a healthy dose of competition.

"I was absolutely thrilled by the amazing turnout at GoodFest! The event was a perfect blend of wellness, fun, and padel - all complemented by a fantastic weather and enthusiastic guests," shared Deserie Martinez, Head of Events and Communications at ASCARO.

THE GOODFEST EVENT

The GoodFest event showcased more than just padel as other wellness activities were also available for participants, ranging from restorative activities like yoga, meditation, and breathwork to strength-building like pilates, core and circuit workouts and barre. 

While there were many physical healthy activities, there were also talks that served as valuable food for thought. One of the topics highlighted was about ‘Mastering Manhood’ by Mauri, opening the conversation about what modern masculinity is expected in our current society. This talk brought to light the complex terrains of men needing to balance the personal and professional, with the need to stay physically and mentally strong. The talk encouraged the benefits of belonging to a supportive men’s community – one that can be fostered in places like the padel courts.

The other talk was about stem cell technology and how it has revolutionized the wellness space by Dr. Jezzamine Lim, CEO and founder of Cell Biopeutics Resources Malaysia. Cellular performance plays a big role in the recovery and aging aspect of wellness journeys; this biotechnology has introduced stem cell therapy and stem-cell-derived cosmetic products.

Finally, a padel tournament, the GoodFest Cup was the main event with 98 players competing for prizes and wellness goodies.

PROMOTING PADEL AND WELLNESS

Aside from the activities at the event, there were also a variety of products, rehab and physio consultations, and various other wellness-supportive brands. These included So Good, Dunlopillo, Fred Perry, Precise Rehab, Regen Physio & Sports Rehab, L’evive, l1vin, Glaceau Vitamin Water, Perrier and Licky Chan.

"We’re proud to have been a part of the GoodFest event, to highlight the importance of health and wellness to a vibrant audience. The event was an incredible opportunity to share the goodness of So Good plant-based milks, delighting attendees with delicious range of Oat, Almond and Soy milks and wholesome nutrition in every sip,” said Ashleigh Rothel, the Senior Brand Manager of International Sanitarium Health Food Company.

Cudis, the first AI smart ring that rewards your wellness journey was also there to introduce their technology.

“The GoodFest focus on holistic health, fitness and mindfulness perfectly reflected Cudis’ core values in empowering individuals on their wellness journey. It was great to connect with passionate fitness enthusiasts and wellness advocates and we’re thrilled to have been part of such a dynamic community event,” said Edison Chen, the Co-Founder and CEO of Cudis.

Finally, Martinez expressed her gratitude to everyone who made GoodFest a one-of-a-kind experience, adding, “A heartfelt thank you to everyone who joined us – our sponsors, instructors and speakers and of course ASCARO and Paloma – we are looking forward to having more events such as these!”

About Ascaro Padel and Social Club

ASCARO Padel & Social Club is a premier padel facility in Malaysia, featuring rooftop courts, top-tier gym amenities, international coaches, and a lively social atmosphere enhanced by a stylish bar. Located in Kuala Lumpur, ASCARO caters to all skill levels, offering an exceptional experience for padel enthusiasts and aiming to elevate their game.

This press release has also been published on VRITIMES

Solana Price Outlook: Can SOL Price Reach $500 by 2025?

 

Explore Solana's price outlook and potential for reaching $500 in 2025. This analysis delves into current market trends, on-chain fundamentals, macroeconomic factors, and technical analysis to assess SOL's future trajectory.

The cryptocurrency market has seen significant activity around Solana (SOL), particularly as it attempts to stage a recovery during the holiday season. SOL's performance, coupled with macroeconomic and on-chain fundamentals, paints a nuanced picture of its short-term and long-term potential.

Current Market Trends: Solana’s Modest Rebound

As of Christmas Day 2024, Solana's price is making a modest recovery, trading just below the critical $200 mark. The asset has rebounded by 13% from its multi-week lows around $175, yet it remains significantly lower than its recent peak in the $260s.

However, despite the recent uptick, SOL is still trapped in a broader downtrend. Both the 21-day and 50-day moving averages (DMAs) suggest persistent bearish momentum, with analysts emphasizing that a meaningful break above $220 is necessary to confirm a trend reversal.

At the time of writing this article on December 26, 2024, Solana is trading at $193.29 with a decrease of -2.51%. The RSI value is below 50 which means the selling trend is higher than the buying trend.

Impact of Macroeconomic Factors

The Federal Reserve's hawkish policy stance, signaling only two interest rate cuts in 2025, has dampened confidence in risk assets, including cryptocurrencies.

However, bullish indicators, such as the continued strength of the U.S. economy and the incoming pro-crypto Trump administration, provide a counterbalance.

This favorable regulatory and macroeconomic environment could usher in a "golden age" for the U.S. crypto industry, potentially driving renewed investor interest in assets like Solana.

Why Solana Could Retest $260 and Beyond

Solana, despite recent market volatility, exhibits strong on-chain fundamentals and presents a compelling case for a potential retest of $260 and beyond.

Robust network activity, indicated by rising trading volumes and transaction counts, coupled with a relatively low market capitalization compared to Ethereum, suggests significant room for growth.

While a direct comparison to Ethereum is unlikely, analysts predict a substantial price appreciation driven by Solana's scalability advantages and increasing adoption within the DeFi and NFT sectors.

1. Strengthening On-Chain Fundamentals

Solana's blockchain metrics remain robust, with trading volumes, transaction counts, and Total Value Locked (TVL) showing strong upward trends, according to DeFi Llama.

These indicators highlight increasing network usage, which could support future price gains.

Solana's market cap of $94 billion, about 25% of Ethereum's, suggests ample room for growth. While it is unlikely to surpass Ethereum this cycle, analysts predict a potential 4-5x increase from current levels, driven by Solana's exceptional scalability and growing adoption in decentralized finance (DeFi) and non-fungible tokens (NFTs).

2. Short-Term Technical Analysis

Key Levels to Watch

- Support: $173.42 (61.8% Fibonacci level) has emerged as a critical base for SOL. If this level holds, it could signal the end of a corrective phase and the start of a bullish reversal.

- Immediate Resistance: $193.20 (50% Fibonacci level) serves as the first hurdle for upward momentum.

- Higher Resistance: $209.93 (38.2% Fibonacci) and $230.64 (23.6%) are subsequent levels to watch for a sustained breakout.

- Downside Target: Failure to hold the $173 support could push SOL toward the $152.65 level (78.6% Fibonacci).

3. Elliott Wave Analysis

Solana appears to be in the final stages of a corrective W-X-Y wave structure. A bullish reversal is plausible if the “C” wave concludes near the $173 support zone. A successful rebound could target $230 and potentially set the stage for higher highs.

Long-Term Price Outlook: Could Solana Reach $500?

Despite current struggles, many analysts remain optimistic about Solana’s future. As the crypto market transitions to a new cycle in 2025, several factors could propel SOL toward the ambitious $500 mark:

1. Pro-Crypto Regulatory Shift: The incoming U.S. administration is expected to create a favorable environment for blockchain innovation, benefitting major projects like Solana.

2. Ecosystem Expansion: Solana continues to attract new projects, enriching its ecosystem with advanced decentralized applications, tokenization initiatives, and cutting-edge solutions.

3. Bull Market Potential: Historical patterns suggest that Solana, like other major cryptocurrencies, has yet to enter the most explosive phase of its bull market, with significant upside remaining.

Risks and Challenges

1. Low Trading Volume: Recent declines in trading activity signal reduced investor confidence, potentially hindering price recovery.

2. Macroeconomic Uncertainty: Continued Fed hawkishness and other global economic factors could limit risk appetite for speculative assets.

Conclusion

Solana’s price action reflects a market in flux, caught between bearish trends and bullish fundamentals. While the short-term outlook suggests consolidation, the long-term narrative remains promising, driven by strong on-chain activity, ecosystem growth, and favorable macroeconomic shifts.

If Solana can break key resistance levels and sustain momentum, a retest of $260 appears likely, with the $500 target in 2025 firmly within reach.

About Bitrue

Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.

This press release has also been published on VRITIMES

Bitcoin’s Remarkable Journey in 2024: Insights, Events, and Future Outlook

 

Discover Bitcoin’s remarkable 2024 journey, with a 131.5% YtD surge and key events like ETF approvals, halving, Trump’s pro-crypto win, and Fed rate cuts. Explore market trends, challenges, and future forecasts, including Tom Lee’s bold $250K prediction for 2025.

Bitcoin (BTC) experienced a rollercoaster year in 2024, marked by significant price fluctuations, groundbreaking events, and renewed optimism among investors. By December 25, Bitcoin closed at $98,429, representing a 131.5% year-to-date (YtD) increase compared to its closing price of $42,505 at the end of 2023.

Let’s delve into the factors driving Bitcoin’s performance and its potential trajectory.

Price Highlights and Market Capitalization

Bitcoin began 2024 on a challenging note, hitting its lowest price of $39,179 in mid-January. From this low, it soared 171.6% to reach its all-time high of $106,415 on December 17.

On December 18, Bitcoin’s market capitalization surged to $2.1 trillion, elevating it to the seventh-largest asset globally, surpassing major companies like Saudi Aramco, Meta Platforms, and Tesla.

At the time of writing this article on December 26, BTC is at $98,687 with a gain of 0.44%. A price that is not too encouraging because BTC’s price is predicted to touch $100,000 again on Christmas Eve.

Four Key Events Driving Bitcoin’s Performance

Bitcoin has 4 major events happening during 2024 that will cause the token to surge in price today.

1. Approval of Bitcoin Spot ETFs in January

The U.S. Securities and Exchange Commission (SEC) approved 11 Bitcoin Spot Exchange-Traded Funds (ETFs), including offerings from BlackRock, Fidelity, and ARK Invest.

These ETFs allow traditional investors to gain exposure to Bitcoin without directly holding the asset. The approval attracted an inflow of $35.47 billion into Bitcoin Spot ETFs by December 24, pushing Bitcoin to $73,000 shortly after the announcement.

2. Bitcoin Halving in April

On April 20, Bitcoin underwent its fourth halving, reducing the mining reward from 6.25 BTC to 3.125 BTC. Historically, halvings have triggered long-term price increases due to reduced supply.

While Bitcoin’s price consolidated between $63,000 and $64,000 immediately post-halving, it aligned with historical patterns, which often see significant price growth within six months to a year after such events.

3. Trump’s Pro-Crypto Presidential Victory in November

Donald Trump’s re-election as U.S. President on November 6 was celebrated by the crypto community.

His pro-crypto stance, including promises to make the U.S. the “crypto capital of the world,” boosted Bitcoin’s price by 10%, reaching $75,984. Trump’s policies are expected to foster a more favorable regulatory environment for cryptocurrencies.

4. Federal Reserve’s Interest Rate Cuts

Throughout 2024, the Federal Reserve cut interest rates by 100 basis points, including reductions of 50 bps in September and 25 bps each in November and December.

Lower interest rates typically benefit risk assets like Bitcoin by encouraging capital flow away from bonds and into alternative investments.

Market Dynamics and Challenges

Just like other crypto tokens, BTC also experiences price movements that go up and down. Here's how BTC's price dynamics will be throughout 2024.

1. Derivatives and Margin Markets

Despite significant price volatility, Bitcoin’s derivatives market maintained a neutral-to-bullish stance. Futures contracts traded at a robust 12% premium, reflecting strong demand for leveraged long positions.

Meanwhile, Bitcoin’s margin markets showed a 25x long-to-short ratio, indicating sustained bullish sentiment.

2. Whale Activity and Sell-Side Pressure

On-chain data revealed increased sell-side pressure from large investors during market downturns. The average Bitcoin transaction size peaked at $306,100 in December, the highest in two years, often signaling intensified sell-offs.

This behavior, combined with market uncertainty, poses short-term risks to Bitcoin’s price stability.

Bitcoin’s Future Prospects

So, what is the future of BTC? Here is an explanation that you can read.

1. Support and Resistance Levels

As of December 25, Bitcoin’s key support level stands at $90,500. Breaching this level could lead to further declines, with $88,000 as the next major support.

Conversely, breaking above the $99,426 resistance could signal a bullish recovery, potentially paving the way for a retest of the $108,353 high.

2. Tom Lee’s Prediction

Prominent analyst Tom Lee predicts Bitcoin could reach $250,000 by 2025, citing a friendlier regulatory landscape and increased adoption. He also highlights Bitcoin’s potential role as a Treasury reserve asset, which could significantly bolster its value.

Conclusion

Bitcoin’s performance in 2024 underscores its resilience and adaptability amid macroeconomic and geopolitical shifts. While challenges remain, such as heightened whale activity and economic uncertainty, the asset’s growing institutional adoption and favorable regulatory developments paint an optimistic picture for 2025 and beyond.

Investors and enthusiasts alike should keep a close watch on market trends, support levels, and policy shifts as Bitcoin continues its journey as a transformative global asset.

About Bitrue

Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.

This press release has also been published on VRITIMES

Banwa Private Island Elevates Filipino Hospitality

  

Banwa Private Island, a premier luxury retreat nestled in the pristine waters of the Sulu Sea in Palawan, Philippines. Banwa Private Island recently achieved a significant milestone by certifying 63 of its frontliners under the Philippines' Department of Tourism’s (DOT) award-winning Filipino Brand of Service Excellence (FBSE) program. 

This certification underscores the island's commitment to providing world-class hospitality with a distinct Filipino touch. Beyond its exclusive accommodations and world-class amenities, Banwa Private Island is deeply rooted in Filipino culture and tradition. The island’s commitment to sustainability is reflected in its eco-friendly practices, from sourcing local ingredients from its own organic farm to minimizing waste. Discover the ultimate luxury escape and experience the warmth of Filipino hospitality at Banwa Private Island. 

Banwa Private Island, a premier luxury retreat nestled in the pristine waters of the Sulu Sea in Palawan, Philippines, is proud to announce that 63 of its frontliners have been certified under the Philippines Department of Tourism’s (DOT) award-winning Filipino Brand of Service Excellence (FBSE) program.

Janet Oquendo, Island Manager of Banwa Private Island, expressed the island’s commitment to providing world-class hospitality with a distinct Filipino touch. “By participating in the FBSE program and certifying 63 of our frontliners, we aim to further elevate our service standards and ensure that our guests experience the warmth and authenticity of Filipino hospitality,” she said.

Banwa Private Island offers an unparalleled luxury experience. For three consecutive years, Destination Deluxe has awarded it the title of ‘Private Island of the Year,’ and for two years in a row, Robb Report has included it in ‘The 50 Greatest Luxury Hotels on Earth.’ Beyond its exclusive accommodations and world-class amenities, the island remains deeply rooted in Filipino culture and tradition. 

The DOT’s FBSE program, hailed as the Training Program of the Year at the GovMedia Awards 2024, has empowered thousands of tourism industry professionals to deliver exceptional service. By embracing the seven core values of Filipino hospitality – Maka-Diyos (God-fearing), Makatao (People-oriented), Makakalikasan (Environmentally-conscious), Makabansa (Nationalistic), Masayahin (Cheerful), May Bayanihan (Community-spirited), and May Pagasa (Hopeful) – Banwa Private Island’s team is committed to providing warm and sincere service, from the iconic “Mabuhay” gesture to personalized attention to detail.

Through the FBSE program, Banwa Private Island’s 63 certified frontliners are now equipped to deliver world-class service, ensuring that every guest feels the warmth and hospitality that the Philippines is renowned for. 

Recognized as one of the Philippines’ important shark and ray areas, Banwa Private Island is not only an exclusive destination but also a responsible steward of the environment. The island’s commitment to sustainability is reflected in its eco-friendly practices, from sourcing local ingredients from its own organic farm to minimizing waste. Beyond its operational sustainability, Banwa Private Island actively participates in various conservation programs, including marine conservation initiatives and coral reef restoration projects. By preserving the natural beauty of the Sulu Sea, the island ensures a sustainable future for generations to come. Banwa Private Island is also known for its unspoiled natural environment, with an artesian well providing fresh spring water and a naturally mosquito-free ecosystem. 

By participating in the FBSE program, Banwa Private Island reinforces its commitment to providing world-class hospitality with a Filipino heart. The island’s dedication to excellence and sustainability ensures that guests will experience a truly unforgettable and authentic Filipino experience.

For more information and inquiries in booking an island escape at Banwa Private Island, please contact our Reservations team through mobile/WhatsApp: +639178882864, send an email to reservations@banwaprivateisland.com or visit website at www.banwaprivateisland.com.          

About Banwa Private Island

Banwa Private Island is an intimate all-villa destination for discerning guests wanting to experience privacy and seamless service in a marine and land nature reserve. Nestled in one the world’s last frontiers of natural biodiversity, north-eastern Palawan in Philippines, the island sanctuary boasts of breath-taking views, verdant landscape, pristine beach and turquoise waters.

Banwa Private Island’s beachfront villas are designed to soak our guests in the natural beauty of the island. Floor-to-ceiling windows allow the outside to flood in, the beach and garden terraces are mere bare-footsteps away and an infinity pool melts into the ocean. For a quintessential island escape, guests can choose to stay in a contemporary-designed villa or exclusively charter the whole island for family, friends and colleagues.

Central to Banwa Private Island’s ethos, the Aquos Foundation was established to support, nurture and protect delicate ecosystems. Among its pioneering programs is the protection and restoration of habitats of the critically endangered Mantanani Scops Owl, Hawksbill Turtle and the Tabon Bird (Philippine Megapode).

www.banwaprivateisland.com

This press release has also been published on VRITIMES

Payruler Co-Founder Christhea Tim V. De Jesus Recognized as Technopreneur of the Year for Empowering Filipino Companies

 

As 2024 comes to a close, hundreds of thousands of Filipinos will receive their 13th month and other holiday bonuses thanks to Payruler, a human resources management system (HRMS) and payroll solution founded and headquartered in Cebu.

Payruler’s Co-founder and Chief Operating Officer Christhea Tim V. De Jesus was recently honored as Technopreneur of the Year at the 2024 Grand Chamber Awards (GCA) and Fellowship Night organized by the Cebu Chamber of Commerce and Industry (CCCI).

With over 900 members, CCCI is the largest local business organization in the Philippines. GCA, which recognizes entrepreneurs from Cebu, is in line with its mandate to serve as the “engine of Cebu’s business growth toward global competitiveness.” 

The Technopreneur of the Year is designed to “applaud pioneers of technological innovation, shaping industries and driving sustainable progress,” and the Payruler Co-Founder was a fitting choice. Technology startups are often defined as platforms because they allow two sides of a marketplace to interact, improving productivity more efficiently. In this view, Payruler helps both employers and employees.

HR professionals can more easily manage employee data across the full life cycle and streamline payroll, which has traditionally been resource-intensive. Employees, on the other hand, enjoy full transparency with Payruler so that they can better understand the nuts and bolts of their compensation. 

It is for this reason that CCCI selected De Jesus as Technopreneur of the Year from a highly competitive pool (Cebu has one of the most vibrant startup and technology ecosystems in the Philippines). 

“Life is all about taking risks, and so is business. People like Ms. De Jesus took a remarkable leap to redefine the business landscape we know today. Their fields of business and applied ethical practices can be reflected as the epitome of an ideal Cebuano and leadership to follow and aspire to,” said Christian Paro-an, one of the board members of CCCI.

Scale is a fitting word. While Payruler was once a startup, the company has become a market leader in HR technology. To date, Payruler has processed over 150,000 employee records and an astounding PHP20 billion in salaries. The company now has coverage of over 88% of industries active in the Philippines. It counts the likes of the Holiday Inn, the Philippine Stock Exchange, MacroAsia, Intellicare, and Hi-Precision as clients. 

De Jesus has the unique experience and education needed to scale tech businesses. De Jesus graduated with a BS in computer science from the University of the Philippines and formerly led JFDI Asia in the Philippines as its country manager, one of the first early-stage venture funds in Southeast Asia. 

At the helm of Payruler, De Jesus is particularly proud to bring trust to a space where this value is paramount. 

“Trust is the cornerstone of HR: Employees must trust that they will be paid on time and in full, that government contributions are made, and that their data is kept safe. I accept CCCI’s award as recognition that our team at Payruler is doing our part to build workplace cultures defined by transparency, accountability, and mutual respect,” she said. 

De Jesus was honored alongside other Cebuano entrepreneurs which include A.D. Gothong Manufacturing Corporation President and Chairman, Ms. Barbara “Bambi” Gothong-Tan (Entrepreneur of the Year); Excelsior Farms Inc., Chairman and CEO, Alvin Hing (Countryside Entrepreneur of the Year); Prutasan ni Adan, President Bobby Adan Jr (Small Business Entrepreneur of the Year);  Good Cup Coffee Company, Founder Giorgio Bernardo “Gio” Visitacion (Socially Responsible Entrepreneur of the Year); and E.B. Aznar Holdings Inc. CEO Kyle Alexander Aznar (Young Entrepreneur of the Year).

Companies interested in working with De Jesus and Payruler are encouraged to get in touch at: 

hello@payruler.com

About Payruler

Since its founding in 2015, Payruler has grown its client base - from 20-people architecture firms to 20,000-people manpower agencies - by catering to the unique needs of Philippine businesses. Payruler believes that HR is a key business driver and source of competitive advantage rather than a mere administrator.

This belief is reflected in the Payruler HRMS system, which has evolved into an end-to-end solution that automates, integrates, and streamlines HR processes so clients can focus on their people as their key input towards greater success.

This press release has also been published on VRITIMES

A Homegrown Solution: How Xpress Supports Local Talent and Innovation

Metro Manila, Philippines – In a world dominated by global tech giants, Xpress Super App stands out as a proudly Filipino solution reshaping urban mobility. Backed by local investment, Xpress is more than just another ride-hailing app—it's a testament to the potential of homegrown talent, innovation, and community-driven technology.

Investing in Filipino Talent

Xpress Super App takes pride in its commitment to hiring Filipino talent across all levels—tech developers, operational staff, and customer support teams. This focus reflects its mission to nurture local skills while contributing to the nation's economic growth. The company’s leadership believes that local talent not only understands the unique needs of Filipino commuters but can also provide world-class solutions tailored for the local market.

One such example is the "Scan and Ride" feature, which allows users to quickly scan a QR code to book rides, currently thriving in tourist destinations like Boracay, and soon to be El Nido (Palawan). This innovation highlights how Xpress Super App adapts to the diverse needs of Filipino commuters, providing a seamless experience that prioritizes both convenience and safety.

Empowering Communities

Xpress Super App goes beyond just providing rides—it actively empowers its driver-partners through programs like the "Ride for Xpress" (RXP). This initiative supports riders who are unable to afford a motorcycle upfront or secure a personal loan by financing a motorcycle, allowing them to start their own business.

But the support doesn’t stop there. Xpress also offers training in customer service, financial literacy, and emergency response, providing drivers with the skills they need to thrive in a growing digital economy. The program further empowers them by creating opportunities for them to become entrepreneurs themselves. Once an RXP rider successfully completes the program, they have the opportunity to apply for a second motorcycle. After obtaining the second motorcycle, they can recruit another rider to join Xpress and drive the new motorcycle. This allows them to become operators within the Xpress Super App.

Local Innovations for Local Challenges

Xpress’ success lies in its ability to understand and address the challenges of Filipino commuters. From integrating E-tricycles into the platform to upcoming eco-fleet launches with hybrid and electric two-wheel and four-wheel vehicles a first for the Philippines, Xpress is committed to sustainable and inclusive green growth.

Through these efforts, Xpress isn't just building a ride-hailing service; it is nurturing an ecosystem that amplifies Filipino pride. As the company continues to expand, it calls on Filipinos everywhere to embrace the future of urban mobility—one ride at a time, driven by local innovation and national pride.

A Team Built by Filipinos, for Filipinos

Unlike many multinational companies, Xpress prides itself on building its entire operation with local talent. “We believe that Filipinos are more than capable of creating world-class solutions,” says Tony Harris L. Cawaling, a Jr. Product Owner at Xpress. “From the very beginning, we’ve been committed to hiring locally—not just to fill roles but to cultivate leaders in tech, operations, and customer service.”

Tony’s journey is a testament to this ethos. Once a fresh graduate from STI University Global City, the opportunity to contribute to something distinctly Filipino drew him to Xpress.

“Working here means more than building an app. We’re building a legacy while improving our skills,” he says. “Every line of code, every design decision reflects our understanding of the unique needs of Filipino commuters.”

Spotlight on Local Talent Across Departments

The success of Xpress is driven by a diverse and dynamic team. Rozzette Reyes, Head of Human Resources, ensures that the organization supports its employees' growth and well-being. “Managing a team in a country as geographically diverse as the Philippines is no small feat,” Zett explains. “But our understanding of local communities gives us an edge. We’re solving real, everyday challenges faced by both riders and drivers.”

In customer support, Alyssa Duldulao, Head of Special Projects, emphasizes the importance of empathy and cultural understanding. “Our team is trained to handle situations with the warmth and patience that Filipinos are known for,” she says.

Commitment to Filipino Innovation

The commitment of Xpress to nurturing Filipino talent goes beyond business strategy—it’s a philosophy deeply rooted in its mission. “By investing in local talent and nurturing it, we’re not just building a ride-hailing app—we’re building a brighter future for the entire industry,” says Josh Callueng Head of Operations at Xpress.

A Symbol of National Pride

As Xpress continues to grow, its impact on the Filipino workforce and tech industry is undeniable. “We’ve shown that you don’t need to leave the country to work on something world-class,” says Josh. “At Xpress, every ride is a celebration of Filipino talent.”

With its unwavering commitment to hiring locally, investing in professional development, and fostering innovation, Xpress is not just shaping the future of urban mobility—it’s shaping the future of Filipino tech leadership. Indeed, Pinoy pride in Every ride.

To learn more about or join Xpress Super App, visit www.xpress.ph.

About Xpress Super App

XPRESS is a new ride - hailing app in the Philippines, currently providing user with moto taxi, sedan and SUV ridesharing services. Tracing its origins from the first mototaxi company to operate in the Philippines, XPRESS aims to be keystone player in the mobility space to enrich the lives of oir partner rides, drivers and every Filipino.

This press release has also been published on VRITIMES

Launch of "i Golf Shaper" Golf Course Operation Management System Sales in Malaysia

  

BRIDGE International Asia Sdn Bhd (hereinafter referred to as "Bridge International Asia"), a subsidiary of BRIDGE International Corp. (headquartered in Setagaya, Tokyo; President and CEO: Toshiaki Yoshida; hereinafter referred to as "Bridge"), and based near Kuala Lumpur, Malaysia, is pleased to announce the launch of sales of the golf course operation management system "i Golf Shaper" in the Malaysian market. This follows the signing of a partnership agreement with IC Green System Co., Ltd. (headquartered in Hakata-ku, Fukuoka, Japan).

Developed by IC Green System Co., Ltd., i Golf Shaper is a golf course operation management system that boasts implementation in over 360 golf courses across Japan. This system has been highly acclaimed for its ability to enhance operational efficiency and elevate customer experience. With the launch of sales in Malaysia, IC Green System Co., Ltd. aims to accelerate its expansion into international markets, starting with Malaysia.

Bridge International Asia will fully support the sales activities of "i Golf Shaper" in Malaysia by leveraging its local expertise and extensive sales network.

Support Overview

Bridge International Asia's support for sales activities includes:

- Sales activities targeting golf courses in Malaysia.

- Assistance with procuring communication SIM cards.

- Establishment of a first-line inquiry support desk.

- Digital marketing campaigns for promotional activities.

With its extensive experience in marketing within Malaysia, Bridge International Asia is committed to ensuring the success of "i Golf Shaper" in the Malaysian market.

About i Golf Shaper

i Golf Shaper is a cloud-based golf course operation management system developed by IC Green System Co., Ltd. It is easy to implement and can be used on a wide range of devices, including iPads, iPhones, Android devices, and Windows PCs. The system offers features such as real-time cart location monitoring, player progress tracking, notifications, advertising displays, and delay prevention alerts.

For players, the system enhances the golfing experience with functionalities such as score entry, course navigation, and digital elevation data. Building on its success in Japan, i Golf Shaper is poised to expand its presence in new markets, starting with Malaysia. Note: iPad/iPhone are registered trademarks of Apple Inc.

Some IT services implementation and local support in Malaysia will be performed by EDX MALAYSIA SDN. BHD. https://www.edx.com.my/

About IC Green System Co., Ltd.

- Company Name: IC Green System Co., Ltd.

- Founded: May 18, 1996

- Headquarters: 801 Tenyamachi 2-29, Hakata-ku, Fukuoka, Japan, 812-0025

- Representative: Fumihito Ishige, President and CEO

- Website: https://icgreensystem.jp/

- Business Activities: Development and sales of comprehensive golf course management systems/  Sales of golf course maintenance systems / Web solutions business/ Development and sales of online reservation systems/ Sales of iPad cart navigation systems / Golf course management consulting and operation contracting services

About Bridge International Asia Sdn. Bhd.

BRIDGE International Asia Sdn. Bhd. was established in 2014 as a local Malaysian subsidiary and is a full-service marketing company that acts as a bridge between Japan and Malaysia to help client companies expand their business in Southeast Asia. We provide a one-stop service of various professional services to promote our clients' overseas business by leveraging our expertise and abundant experience in market research, strategic planning, business model development, and resources to execute sales and marketing activities overseas before entering into overseas markets.

Company name: Bridge International Asia Sdn. Bhd.

Registration Number: 201401012326 (1088406-U) Founded: April 9, 2014

Address: B-8-02, Capital 2, Oasis Square, No. 2, Jalan PJU 1A / 7A, Oasis Damansara, 47301 Petaling Jaya, Selangor, Malaysia

Representative: Shingo Abe, Managing Director, and CEO

Web: https://bridge-i.asia/

Media:  https://connection.com.my/en/

Business content:

Malaysia-based comprehensive IT service provider

Business consulting / Digital marketing/Inside Sales/ BPO/System Solutions

-------------------------------------------------

Bridge International Asia Sdn. Bhd. Person in charge: Shingo Abe (Supported languages: Japanese / English) TEL：+60 18-387-5096 MAIL：support@bridge-i.asia

This Press Release has also been published on VRITIMES

SEGWAY Powersports Hits Major Milestone: 100,000th ORV Roll-Off, Launching the Super Villain SX20T into Mass Production

December 20, 2024 - Segway Powersports has reached a significant milestone with the roll-off of its 100,000th off-road vehicle (ORV), marking a key moment in the brand’s rapid ascent within the global off-road vehicle market. This milestone is paired with the launch of the highly anticipated Super Villain SX20T, the company’ s flagship model, now entering mass production. Together, these two accomplishments signal a new chapter in Segway Powersports’ continued expansion and the future of off-road performance.

Since its first ORV hit the market in the end of 2020, Segway Powersports has reached an impressive 100,000 vehicles in just four years - setting a new pace in the off-road vehicle industry and creating the fastest growth record in this sector. This remarkable growth reflects Segway Powersports’ relentless innovation and its focus on delivering exceptional performance across markets worldwide. The brand has quickly carved out a top-tier presence in regions such as Northern and Eastern Europe, where it ranks among the top three in sales, proving its dominance in the high-performance ORV sector.

At the core of this announcement is the Super Villain SX20T, Segway Powersports' flagship model that sets a new standard for off-road performance. Powered by a robust 2.0T turbocharged engine delivering 235 horsepower and equipped with a 7AT transmission system, the Super Villain SX20T offers unmatched power, stability, and safety. Its bold, futuristic design not only makes a statement but also marks Segway Powersports’ entry into the 200+ horsepower performance segment. This high-performance machine promises off-road enthusiasts an exhilarating driving experience like never before.

In recognition of its technological leadership, Super Villain has been recognized as a 2025 CES Innovation Award Honoree. This honor reflects Segway Powersports’ unwavering commitment to innovation, product excellence, and technological advancement. It also highlights the company’ s vision in driving forward the smart off-road vehicle industry, solidifying Segway Powersports’ role as a global innovator in the field.

“We’re excited about the roll-off of our 100,000th ORV, as it marks both a significant milestone in our journey and the beginning of an important new chapter for Segway Powersports,” said Danny, Segway Powersports brand representative. “The roll-off of the Super Villain SX20T injects fresh momentum into our global strategy. Our focus remains on meeting the evolving needs of our customers and continuing to shape the future of the off-road industry.”

Looking ahead, Segway Powersports is committed to accelerating its global expansion, further enhancing its market presence, and driving technological innovations. The company also aims to push the boundaries of performance through participation in global racing events such as Dakar Rally which serve as a crucial testing ground and enable the brand to refine its technology and prove its capabilities in the most extreme conditions. Segway remains focused on delivering world-class off-road experiences, and its ongoing commitment to innovation ensures it will continue to meet the evolving demands of outdoor enthusiasts around the globe.

About Segway Powersports

Founded in 1999, Segway has always been driven by a vision to change the way people move. Known for inventing the balance scooter, Segway has expanded into the powersports industry in 2019, becoming a pioneer in the field. With a fearless and professional approach, the brand pushes the boundaries of innovation, delivering high-performance products that excite and inspire. Focused on cutting-edge technology and exceptional performance, Segway continues to grow its global presence, offering products that embody the spirit of adventure and exploration.

This press release has also been published on VRITIMES