Western Union Integrates With Crypto Wallet to Expand Philippines Remittances
The money transfer giant has teamed up with blockchain startup Coins.ph to enable residents of the Philippines to directly receive cash remittances.
Many southeast Asians consumers are interested in establishing or increasing their crypto investments, according to the OECD, but also admit to not really understanding them.
Investment app provider Abra is to sell cryptocurrency for cash at 6,000 outlets across the Philippines, including all 7-Eleven stores.
European money transfer service Azimo is tapping Ripple's On-Demand Liquidity and XRP to speed up remittances to the Southeast Asian nation.
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.