Investment app provider Abra is to sell cryptocurrency for cash at 6,000 outlets across the Philippines, including all 7-Eleven stores.
The group ran its first transaction between three rural banks in an effort to improve its remittance offerings.
The Bangko Sentral ng Pilipinas will continue to regulate cryptocurrency use in the country, senior officials have said.
The money transfer giant has teamed up with blockchain startup Coins.ph to enable residents of the Philippines to directly receive cash remittances.
The Philippines may not be the crypto capital of the world – but it may be where infrastructure building runs the deepest.
The Philippines SEC is planning to release new trading rules for cryptocurrency exchanges in the coming days.
The Philippines is close to introducing new regulations governing how companies can legally raise funds through initial coin offerings.
The authority that governs a special economic zone in the Philippines plans to reap $67 million by issuing crypto exchange licenses.
The payment affiliate of China's e-commerce giant Alibaba has launched a blockchain-based remittance service between Hong Kong and the Philippines.
Rural banks in the Philippines are looking to adopt ConsenSys' Kaleido blockchain platform in bid to boost financial inclusion.
