Philippines Startup Lets Coinbase Users Remit Cash
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....
Related News
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.....
PRESS RELEASE. With cryptocurrency adoption increasing in the Philippines, Filipino users are looking for ways to convert their digital assets into cash at an affordable rate. The Central Bank of the Philippines has recorded P76 billion (US$ 1.5B) worth of transactions processed by local virtual currency exchanges (VCEs) in 2020, which is five times higher than the transaction volume in 2019. Moneybees, the pioneer of over-the-counter crypto (OTC) exchange in the Philippines, is changing the face of crypto transactions as it enables both OTC and online transactions to exchange cash and....
Bitcoin outfits have been making the rounds recently, doing more and more outreach outside of the typical circles—i.e. startup conventions and the like. The Bitcoin Organization of the Philippines (BOP), for one, regularly engages “laymen.” They hold weekly meetups, which are announced via their invite-only Facebook group, which has almost one thousand active users, and is beginning to rival the “Bitcoin PH” universal/general/generic bitcoin user group that has roughly four thousand active Facebook users. (The latter is large and attracts Bitcoin users from all over the world, whereas the....
The boom of modern technology has brought on both positive and negative repercussions to today’s society. Fortunately for a country like the Philippines, this trend has been more beneficial than detrimental to the business sector, given the boom of technology startup companies. As early as 2013, the IT sector has been considered as one of the fastest-rising ones in the country. According to Smart Communications’ chief wireless officer and founder Orlando Vea, there has been a “massive improvement” in the tech startup scene in the Philippines, given the inventive mindset of today’s working....
The Abra team has a plan to expand the availability of their mobile apps to different countries in the coming months. Abra is a Bitcoin remittance application a lot of people seem to have high hopes for. Ever since the company raised money to bring their project to the masses, things had gone quiet. But it appears the Abra app has now launched for both iPhone and Android, albeit it is still limited to the US and the Philippines only. Remittance solutions are always in high demand, especially when the Filipino community is involved. A lot of Filipinos work overseas and send money back home....