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Cryptocurrency News Articles
Coins.ph To Utilize PHPC Stablecoin for Australia-Philippines Remittances | Key Points | Aug. 29, 2024
Aug 29, 2024 at 10:50 am
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.
Good morning. Here are the key crypto, blockchain, and Web3 stories for Aug. 29, 2024, in easy-to-digest formats.
Top stories: Coins.ph announced utilizing its own stablecoin for the Australia-Philippines remittance corridor.
Here’s a concise overview of the latest crypto news.
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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.
Philippine Crypto News 🇵赫
Educational Corner 🎓
After successfully integrating the Kaia DLT Foundation into the Abu Dhabi Global Market (ADGM), the foundation has launched the Kaia Mainnet today.
Check out its updates to Finschia and Klaytn, along with the introduction of Kaia Portal and Kaia Square here.
Regulation Watch 📜
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Meet Vincent Tio: He is a key figure at Philippine Digital Asset Exchange (PDAX).
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Discover the latest in web3 and AI innovation.
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The future of web3 is gaming, and here are the latest news.
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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
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