Crypto Revolution: Moneybees, Tambunting Forge Partnership to Bring Cryptocurrency Trading Nationwide

Philippine over-the-counter (OTC) cryptocurrency exchange Moneybees and pawnshop conglomerate Tambunting Kahera ng Bayan have joined forces to enhance access to financial services for crypto enthusiasts, particularly in remote areas nationwide. Through this alliance, Moneybees will utilize 97 Tambunting branches across the Philippines to facilitate seamless conversion of digital currencies into pesos, broadening access to financial products beyond traditional banking services. The collaboration aims to drive broader adoption and acceptance of cryptocurrency OTC exchanges, legitimizing and mainstreaming the use of cryptocurrencies in the financial sector.

Moneybees and Tambunting Kahera ng Bayan Forge Strategic Partnership, Revolutionizing Access to Cryptocurrency OTC Trading and Financial Services Nationwide

In a groundbreaking development that will reshape the cryptocurrency landscape in the Philippines, over-the-counter (OTC) cryptocurrency exchange Moneybees and pawnshop conglomerate Tambunting Kahera ng Bayan have announced a transformative partnership aimed at democratizing financial services access for crypto enthusiasts, particularly in underserved rural and remote areas.

This strategic alliance leverages the extensive network of pawnshop brands under Tambunting Kahera ng Bayan, including JPT Central in Forbes Park, Aurotam Pawnshops, Prime Phil-Asia Star Pawnshops, Prime Quality Supreme Nation Pawnshops, Prime Sealand Pawnshops, and Reliance Prime Equity Pawnshops. Through this collaboration, Moneybees will establish a presence in 97 Tambunting branches across the Philippines, bridging the gap between digital currencies and traditional financial services.

"We are thrilled about the profound impact this partnership will have, from improving access to financial services to fostering innovation and elevating customer experiences," said Jay Ricky Villarante, Chairman and Chief Executive Officer of Moneybees. "Together, we aspire to eradicate the barriers to financial inclusion, especially for those residing in rural or remote regions, aligning with the Bangko Sentral ng Pilipinas' financial inclusion goals."

Through this partnership, crypto traders of all levels of experience will gain access to Moneybees' comprehensive suite of digital assets, including Bitcoin (BTC), Ethereum (ETH), USD Tether (USDT), USD Coin (USDC), Ripple (XRP), and other major cryptocurrencies. This expanded network empowers crypto enthusiasts to easily convert digital currencies into pesos, broadening their financial horizons beyond conventional banking services.

With strategically located branches across the country, including a flagship location in Forbes Park, Makati City, this alliance caters to the growing demand for cryptocurrency OTC exchanges. The partnership plays a pivotal role in driving broader adoption and acceptance of cryptocurrencies in the mainstream financial sector, legitimizing their use and building trust among Filipinos.

"The surge in interest in cryptocurrencies underscores their potential as a dynamic store of value suitable for investment and payments," said Miguel Tambunting, Chief Executive Officer and President of Tambunting Kahera ng Bayan. "Our partnership with Moneybees addresses the evolving financial needs of our customers and augments our virtual asset capabilities in trade, remittance, investment, crypto-fiat exchange, and e-commerce."

Beyond expanding service offerings, Moneybees and Tambunting Kahera ng Bayan envision developing a comprehensive virtual asset management ecosystem, further solidifying their commitment to innovation and financial inclusion.

With Moneybees' expertise in cryptocurrency trading and Tambunting Kahera ng Bayan's extensive network and trusted reputation, this partnership is poised to reshape the financial landscape in the Philippines, bringing the transformative power of cryptocurrencies to every corner of the nation.