Coins.ph To Utilize PHPC Stablecoin for Australia-Philippines Remittances | Key Points | Aug. 29, 2024

Locally licensed crypto exchange Coins.ph has teamed up with Australian digital payments platform Stables Money to streamline cross-border remittances between Australia and the Philippines using the PHPC stablecoin.

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Top stories: Coins.ph announced utilizing its own stablecoin for the Australia-Philippines remittance corridor.

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Feature News: Coins.ph To Utilize PHPC Stablecoin for Australia-Philippines Remittances

Philippine crypto exchange Coins.ph has partnered with Australian digital payments platform Stables Money to enable cross-border remittances between Australia and the Philippines using the PHPC stablecoin.

This partnership will allow for near real-time, low-cost remittances compared to traditional methods.

Key quotes:

Wei Zhou of Coins.ph highlighted the potential of PHPC in cross-border transactions, trading, and other financial activities:

“We’re encouraged to see growing adoption of PHPC among our user base.”

Bernardo Bilotta of Stables Money recognized the country’s key role in global remittances.

“With 28.44% of our send transactions now in PHP, this move highlights our commitment to making cross-border payments hassle-free for those sending money to the Philippines.”

Future Plans: Coins.ph aims to expand PHPC’s reach by partnering with more exchanges, wallets, and financial institutions, with the goal of making PHPC a key player in global digital finance.

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This article is published on BitPinas: Coins.ph To Utilize PHPC Stablecoin for Australia-Philippines Remittances | Key Points | Aug. 29, 2024