Philippines Startup Lets Coinbase Users Remit Cash

AccessTimeIconFeb 20, 2015 at 12:12 p.m. UTC
Updated Apr 10, 2024 at 3:16 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

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 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 and pay with their authorised Coinbase wallets in USD. then delivers the cash in pesos to the recipient through a number of payout options.

Coinbase acts as the USD to bitcoin exchange for the remitter, according to

The remittance-focused company also has an app available through the Coinbase app store through which the service can be used. said:

“Our customers want a cheap and easy way to send money home, they don’t care so much about the underlying technology. We still use the blockchain to provide cheaper, faster transactions, but we layer this with a more convenient cash­-to-­cash user experience that hides the complexity of using bitcoin.”

The Philippines has long been seen as one of the most attractive markets for bitcoin remittances, with overseas workers sending an estimated $27.5bn last year – with 25% coming from USA and Europe.

See the video on how the service works:


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.