July 9, 2019 – Customers can now buy and sell Bitcoin at select Czarina Foreign Exchange Money Changers. A trusted money changer for more than 4 decades, Czarina’s Bitcoin Over-The-Counter (OTC) is made possible through a partnership with Bloom Solutions, a licensed virtual currency exchange company in the Philippines.
Participating branches are the following:
- Lower Ground Level, Uptown Mall, BGC
- Unit 1412 Tower One & Exchange Plaza, Ayala Ave
- Liberty Center, 104 San Agustin St. Salcedo Village, Makati
- Picasso Residences, 119 L.P. Leviste Street, Salcedo Village, Makati City
- Estancia, Meralco Ave, Pasig, 1605 Metro Manila
Bloom has provided the necessary technology and training to allow remittance centers like Palawan Pawnshops and money changers like Czarina to offer buying and selling of Bitcoins at their branches.
While Bitcoin over-the-counters do not beat the convenience of apps where we can buy and sell bitcoin instantly, the likes of Czarina provide a safe physical location where customers can safely exchange Bitcoins and pesos, especially important for larger transactions without having to adjust to banking times. Bloom confirmed with BitPinas that there’s no minimum limit to the amount of Bitcoin a customer wants to buy or sell, whether that’s Php 1,000 worth, Php 10,000 worth, or more.
In the business since 1978, Czarina is a trusted money exchange dealer and one of the biggest remittance companies catering to OFWs in Hong Kong. With other last mile outlets such as Palawan and Cebuana Lhuillier now partnering with blockchain & fintech startups, Czarina considers this partnership with Bloom as a step to move forward:
“We’ve been in the industry for 41 years, and we understand the value of embracing technology. We can’t ignore the changing demands in the industry, or else we risk getting left behind.”
This article is first published on BitPinas: You Can Now Buy Bitcoin at Czarina Foreign Exchange Branches