Where the Future of Crypto Payments Is Being Built
The Philippines may not be the crypto capital of the world – but it may be where infrastructure building runs the deepest.
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.
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.
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.