Coins.ph CEO Talks Opportunity for Bitcoin in the Philippines
Bitcoin startups are emerging across Asia as entrepreneurs begin to see bitcoin's potential to improve the region's inefficient payments infrastructure and bolster its relative absence of advanced financial tools. One Asian nation that is increasingly active in the bitcoin space is the Philippines, which is being led by perhaps its most well-known startup, Coins.ph, a bitcoin exchange service and merchant processor that has so far inked two deals with major local merchants. The company is led by co-founder and CEO Ron Hose, a graduate of Cornell, a founding partner at Innovation Endeavors....
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Another digital currency firm is making moves into the sports world as the Philippines crypto wallet service provider Coins.ph announced the company has partnered with the Philippine Basketball Association (PBA). The deal is the PBA’s first crypto partnership during its 47th season and the Coins.ph brand will be showcased at the premier tournament during the Philippine Cup.
Philippine Basketball Association Partners With Crypto Firm Coins.ph
Over the last year, well known digital currency companies like FTX, Crypto.com, Grayscale Investments, and Blockchain.com have....
Coinbase customers in 24 countries will now be able to use a cash-to-cash remittance service based on bitcoin's blockchain to send money to the Philippines. By employing Coinbase's API, Philippines-based Coins.ph is allowing the wallet and exchange platform's two million registered users to send pesos to recipients in the Southeast Asian country through a variety of delivery methods. To use the service, users must place a sell order directly on Coins.ph and pay with their authorised Coinbase wallets in USD. Coins.ph then delivers the cash in pesos to the recipient through a number of....
The first instant remittance service to the Philippines has launched, using Bitcoin to facilitate near-real time funds transfer to the country. Zinger, a startup initially servicing the Canadian-Filipino remittance corridor, has announced a partnership with local service Coins.ph. Now, banked workers in Canada can use the domestic payments provider Interac to pay for a Bitcoin transmission to a Coins.ph wallet, which may be cashed out at a range of Philippines locations. Lorne Lantz, creator and CEO of Zinger, told CoinTelegraph that he came onboard with Coins.ph, one of a considerable....
Philippines-based exchange Coins.ph today released a mobile bitcoin wallet app with features the company says are aimed squarely at emerging market use cases. As well as standard wallet functions, the Android-only app allows users to buy and sell bitcoin through various channels, top up prepaid mobile phones, pay bills, and even work as a mobile remittance service by converting to Philippines pesos. Coins.ph Android app main page. Coins.ph CEO Ron Hose said the intent is to provide simple solutions starting from the most basic, giving everyone a safe and convenient way to use their money.....
The majority of people in the Philippines don’t have bank accounts or credit cards. The largely ‘unbanked’ population is an issue that the country is trying to tackle as it slows down the growth of things like ecommerce. Bitcoin can be a solution to this problem in the Philippines, according to Silicon Valley investor and entrepreneur Ron Hose. He has created a Bitcoin trading site for the Philippines called Coins.ph. As of last year, only 32 percent of Filipinos had a bank account. Of this number, only three percent owned a credit card. Philippine President Benigno Aquino III once noted....