Coins.ph will have a stablecoin rail for fund transfer and will directly convert the sent fiat, either in U.S. dollars or Canadian dollars, into stablecoins through Remitly’s solution.
In his address, titled “Leveraging Stablecoin Technology for Fast, Affordable Money Transfers,” Wei Zhou emphasized how stablecoins are increasingly being adopted worldwide for cross-border payments.
Coins.ph and BCRemit unveiled a stablecoin-powered remittance service that lets Filipinos from UK, EU, US, and Canada send money home.
The partnership aims to help make money transfers faster and more cost-efficient for overseas Filipinos sending funds home.
Coins.ph partners with HashKey Exchange to create a 24/7 crypto remittance corridor linking the Philippines and Hong Kong.
Stables, a fintech firm, launches international remittance services from Australia to the Philippines using stablecoins like USDC.
Its app is available on the Google Play Store, with more than 5,000 downloads, as of this writing.
Discover how digital currencies may transform cross-border payments, making them faster and more efficient, thanks to this study by the Digital Dollar Project, Western Union, Accenture, and Philippine bank BDO.
PDAX CEO Nichel Gaba reveals why remittance companies prefer XRP and stablecoins for sending money to the Philippines. Learn about the role of crypto in cross-border money transfers.
Cebuana Lhuillier partners with Stellar Network to enhance its financial services, offering faster and more affordable cross-border remittance payments for OFWs.
