Inday on Bruce: Just a classmate

A classmate at San Beda Law School - this is how Davao City Mayor Sara Z. Duterte said she’d known Atty. Bruce Rivera, one of the founders of the Noah Foundation, an identified beneficiary of a cryptocurrency that offers a cheap way for Overseas Filipino Workers (OFW) to send remittance to the Philippines, which has been critized as a “scam” by an online blogger.

“Si Atty. Bruce Rivera is classmate nako sa San Beda and I know him very well na gikan sa law school sa San Beda but I am not aware kung unsa ang iyang participation sa Noah Project (Atty. Bruce Rivera is my classmate at San Beda, and I know him very well from law school but I am not aware of his participation in the Noah Project),” she said in an interview.

This is after blogger Thinking Pinoy, reported that Rivera named himself as “chief legal adviser of the Duterte-Family, but this designation was already changed upon recent checking of the website noahcoin.org wherein, “chief legal adviser of the Noah Foundation” appeared under Rivera’s name.

“Atty. Bruce is not the chief legal counsel of the presidential first family. I apologize that there was a mistake making some translation misunderstood

in translation,” an important notice in the website noahcoin. org read.

Rivera’s named appeared in the official website of the Noah Coin- noahcoin.org

According to TP’s blog article, Noah Coins, is a cryptocurrency, which in simple term are digital currencies that are free from control by any single bank.

TP said that the most popular currency right now is Bitcoin, but aside from Bit coin, there are also other cryptocurrencies like “Noah Coin”, a cryptocurrency which according to its website, will be launched in June 12, 2018.

Still based on the TP’s article, main market for Noah Coin consists of OFWs.

“It is promising method of Filipino workers who have gone overseas to earn income for their families to use when sending money back home and the size of their market has risen to three trillion yen,” stated in the noahcoin.org cited by TP.

TP said that the Noah Coin, as claimed by its founders, is a project is a project of Philippines-based Noah Foundation, and that part of earnings from Noah coin transaction fees will be used to fund Noah Foundation’s charitable work. KVC (For full story visit www. sunstar.com.ph/davao/