Palarin Brings Coinbase-Inspired Bitcoin Services to the Philippines
A startup called Palarin officially launched its service this week, bringing easy bitcoin access to the Philippines market. The company offers a wallet it says is extremely easy to use, taking Coinbase's wallet model to the Southeast Asian country. Brian Gamido is co-founder of the Boost VC-backed company, which focuses on providing better access to digital currency for Filipinos, as well as encouraging bitcoin-based remittance services. Gamido told CoinDesk: "The overarching idea of Palarin is to allow people to prosper with new financial tools and technologies." The brokerage model.....
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“Global remittances to developing countries, including the Philippines, are estimated to be $516 billion by 2016. Remittances are typically sent from migrant workers sending money back home. Our vision is to allow these individuals to send money back home cheaper.” said Palarin Co-founder Brian Gamido. Palarin, a Filipino startup, launched its user-friendly bitcoin selling and buying service this week. The company hopes to differentiate itself from its large competition by making the service very easy to use and pleasant. Their Philippines is the second fastest growing economy in Asia,....
The world of digital currency is heating up in the Philippines. The nation is welcoming its latest bitcoin exchange Palarin, which is aiming to bring Coinbase-style services to the country and grant citizens some easy access to bitcoin and bring a little friendly competition to companies such as Rebit. The Philippines is proving to be one of the fastest-growing areas in Asia, and when it comes to embracing new forms of technology, the people are always there at the front of the line. Palarin co-founder Brian Gamido explains some of the motivation behind the company, with the primary goal....
There are two things happening right now; the first one is the booming bitcoin market in Asia. A recent bitcoin exchange (known as Palarin) made its way to the Philippines not too long ago with the goal of offering migrant workers a way to send remittances home to their families. The second thing is BitX, a bitcoin enterprise that is focusing primarily on emerging markets. BitX has recently opened an office in Jakarta, the capital of Indonesia, thus bringing its services to a population consisting of approximately 252 million people. Adam Draper, son of venture capitalist Tim Draper feels....
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....
One of the largest banks in the Philippines, Unionbank, is reportedly launching cryptocurrency trading and custodial services. “It’s a way to future-proof our banking business,” said a Unionbank executive. Philippines’ Unionbank to Offer Crypto Trading and Custodial Services Union Bank of the Philippines (UBP), also known as Unionbank, plans to offer cryptocurrency trading and custodial services, Bloomberg reported Thursday. Unionbank is one of the largest universal banks in the Philippines with over $15 billion in assets under management (AUM). The bank is one....