Coins.ph Partners with Crypto Infrastructure Company Fireblocks, Plans to Support More Blockchain

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Philippine-based mobile crypto wallet Coins.ph announced that it has partnered with the digital asset and crypto technology provider Fireblocks to maximize its users’ security in crypto operations and to add support for blockchains like Ronin, Solana, Avalanche, Polygon.

“Leveraging Fireblock’s latest MPC-based solutions, we are able to improve the security, efficiency, and flexibility of transactions and exchanges of digital assets on the Coins.ph platform and lower operational costs as the company scales,” the announcement read.

Fireblocks is a New York-based blockchain security service provider for moving, storing, and issuing digital assets.

“Fireblocks’ MPC-CMP solution improves upon the industry protocol by delivering both enhanced security and 8x faster transaction signing speed, as only one round of transaction signing is required.”

Coins.ph

Last 2020, it launched its algorithm called MPC-CMP, a blockchain agnostic, that is combined with its hardware isolation for multi-layer security.

“This integration is an important step for the development of our ecosystem,” said Wei Zhou, Chief Executive Officer (CEO) of Coins.ph.

Coins.ph Raises $30 Million in Series C Round To Further Expand SEA Presence

He added that this partnership will be able to scale Coins.ph’s platform to access new opportunities in the market.

“Fireblocks is a highly renowned and reliable partner, and together we will provide unparalleled security for our users, improve service quality, and streamline crypto transactions on our platform.”

Wei Zhou, CEO of Coins.ph

Meanwhile, Michael Shaulov, CEO and Co-Founder of Fireblocks, called Coins.ph as “a crypto industry leader in the Philippines with plans to expand its Web3 offerings.”

“When it comes to working alongside our crypto exchange partners, our goal is to help drive trading volume without sacrificing security or operational efficiency. We are thrilled to be able to support their rapid growth with our battle-tested security platform.”

Michael Shaulov, CEO and Co-Founder of Fireblocks

Last month, the mobile crypto wallet also announced a successful $30 million Series C funding round to accelerate its Web3 investment and to further expand the wallet’s presence throughout Southeast Asia.

Coins.ph also is also the official crypto partner of the first professional league in Asia, the Philippine Basketball Association (PBA).

In an exclusive interview with Michael Mislos, the Editor-in-Chief (EIC) of BitPinas, Zhou revealed its Web3 plans, including the addition of more crypto in the mobile wallet.

[Watch the exclusive interview here.]

There are currently 20 available crypto in Coins.ph app, including BTC, ETH, AXS, SLP, BCH, XRP, USDC, LINK, KNC, MKR, UNI, AAVE, USDT, MATIC, SAND, CHZ, YGG, APE, GALA, and ENJ.

This article is published: Coins.ph Partners with Crypto Infrastructure Company Fireblocks

Disclaimer: BitPinas articles and its external content are not financial advice. The team serves to deliver independent, unbiased news to provide information for Philippine-crypto and beyond.