Virtual currency exchange Moneybees has recently announced that it has collaborated with ACM Business Solution Inc. to roll out crypto buy and sell services through its GoVIP centers. The partnership aims to cater to the increasing demand for over-the-counter transactions for cryptocurrency users in the Philippines.
“Moneybees, first and foremost, is focused on advocating for the crypto consumer. With our partnership with GoVIP centers and its far-reaching network, we’re creating additional venues for trading cryptocurrencies while enabling greater convenience, security, and ease of transacting for all our clients,” –Paulo Roberto del Puerto, Moneybees CEO
With ACM’s 1330 active outlets nationwide, Moneybees’ reach will further widen nationwide. Moreover, they also noted that the company recently opened GoVIP branches in Davao City, in Bato, Camarines Sur, and in Orani, Bataan.
“The impact of financial technology is widespread, disrupting how companies do business and how individuals handle day-to-day transactions — from banking to paying bills, insurance to loans, and personal finance to wealth management,” –Guia Ana Malimban, ACM Business Solution Inc. Business Development Unit Head
Accordingly, Moneybees disclosed that they plan to continually roll out their OTC crypto transaction services with more GoVIP outlets in key cities nationwide. Currently, Traders and investors can choose from hundreds of cryptos to buy and sell, including bitcoin (BTC), ethereum (ETH), USD Tether (USDT), and Smooth Love Potion (SLP). Each client can also easily buy and sell up to ₱5,000,000 daily.
Further, Moneybees stressed that crypto holders can buy and sell their crypto to it using almost any crypto wallet or crypto exchange account they prefer such as Coins.ph, Coinbase, PDax, Metamask, Binance, Electrum, Trust Wallet, and Exodus among others.
By the end of 2022, they shared that they plan to integrate its buy and sell services with GoVIP’s app, GoVIPx.
“With GoVIPCenter’s relentless pursuit of improving the lives of Filipinos and making the exchange between currencies and digital currencies more accessible to many, our aim is to extend Moneybees’ services nationwide to enable traders to buy and sell digital assets. This partnership with Moneybees expands GoVIPCenter’s offering while cementing its leadership as a one-stop shop for financial services,” Malimban added.
Moneybees is a Bangko Sentral ng Pilipinas-regulated and has a Virtual Asset Service Provider (VASP) license.
In November 2021, it added 100 more over-the-counter services (OTC) outlets in major regions like Cebu, Davao, Baguio, Iloilo, Naga, and Bicol to its current seven outlets. (Read more: Filipino Crypto Company Moneybees to Open 100 More OTC Outlets)
In May 2020, Moneybees announced that it has opened online buy and sell bitcoin service and a month later the company said that it is starting its OTC business again with its MSB partner Montreal Money Changer at Venice Grand Canal Mall.
Then in March 2021, Moneybees broadcasted the opening of three new outlets and its target to process PHP 2 billion crypto transactions this year. (Read more: Moneybees Opens New Outlets, Aims to Process Php 2 Billion Crypto Transactions This Year)
This article is published on BitPinas: Moneybees Partners with ACM, Rolls Out Crypto Exchange Services Nationwide
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.