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Cryptocurrency News Articles

Moneybees and Tambunting Kahera ng Bayan Team Up to Revolutionize Financial Inclusion and Cryptocurrency Access

Apr 05, 2024 at 12:50 am

Leading OTC crypto exchange Moneybees and pawn shop conglomerate Tambunting Kahera ng Bayan have joined forces to enhance financial access for crypto enthusiasts, particularly in rural and remote areas, and Forbes Park in Makati. Through a network of Tambunting Kahera ng Bayan pawnshop brands, Moneybees will establish 97 outlets nationwide, facilitating seamless crypto-to-peso conversions and expanding OTC transaction services beyond traditional banking.

Moneybees and Tambunting Kahera ng Bayan Team Up to Revolutionize Financial Inclusion and Cryptocurrency Access

Moneybees and Tambunting Kahera ng Bayan Forge Groundbreaking Partnership to Revolutionize Financial Inclusion and Cryptocurrency Accessibility

In a groundbreaking move that will significantly enhance access to financial services for Filipinos nationwide, leading over-the-counter (OTC) cryptocurrency exchange Moneybees has partnered with pawnshop conglomerate Tambunting Kahera ng Bayan. This strategic alliance aims to bridge the financial divide, particularly for crypto enthusiasts in underserved communities and remote areas.

The collaboration 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. This partnership represents a concerted effort to expand market reach, target new customer segments, and promote financial inclusion for all Filipinos.

Jay Ricky Villarante, Chairman and CEO of Moneybees, expressed his unwavering optimism about the partnership's far-reaching impact. "Moneybees is thrilled to embark on this extraordinary journey with Tambunting Kahera ng Bayan," he stated. "Together, we will revolutionize access to financial services, drive innovation in the country, and transform customer experiences."

Villarante further emphasized the significance of the partnership in advancing the financial inclusion goals set by the Bangko Sentral ng Pilipinas. "Through our alliance, we aim to democratize access to financial services, especially for those living in rural or remote areas," he added.

This alliance will empower Filipinos with seamless conversion of digital currencies into pesos through Moneybees' services available at 97 Tambunting branches across the country. This extended network will empower both seasoned and novice crypto traders to engage in OTC transactions, expanding their access to financial products beyond traditional banking services.

With strategically located branches nationwide, including a flagship branch in Forbes Park, Makati City, crypto enthusiasts will gain access to Moneybees' diverse range of cryptocurrencies. This comprehensive offering includes Bitcoin (BTC), Ethereum (ETH), USD Tether (USDT), USD Coin (USDC), Ripple (XRP), and other major cryptocurrencies.

As the price of Bitcoin reaches an all-time high of over $73,000, the collaboration between Moneybees and Tambunting Kahera ng Bayan assumes paramount importance in fostering broader adoption and acceptance of cryptocurrency OTC exchanges. Tambunting Kahera ng Bayan's trusted reputation among Filipinos positions it as a reliable gateway for customers to engage with crypto-related services, legitimizing and mainstreaming the use of cryptocurrencies in the financial sector.

Miguel Tambunting, CEO and President of Tambunting Kahera ng Bayan, highlighted the transformative potential of virtual assets and the growing global demand for Virtual Asset Service Providers. "There is an undeniable surge in interest in cryptocurrencies due to their versatility as a store of value that can be utilized for various purposes, including investment and payments," he stated. "Our partnership with Moneybees provides tailored solutions to the evolving financial needs of our customers."

In addition to expanding service offerings to clients, including trusteeship and capital management, Moneybees and Tambunting Kahera ng Bayan will collaborate to develop a cutting-edge virtual asset management ecosystem.

For further details on Moneybees and their transformative efforts to streamline cryptocurrency exchanges for Filipinos through Tambunting Kahera ng Bayan outlets, visit https://www.moneybees.ph/outlets or view the comprehensive list of branches at https://bit.ly/TambuntingKaheraNgBayan-Branches.

This partnership represents a significant step towards bridging the financial divide and empowering Filipinos with greater access to financial services and the transformative potential of cryptocurrencies. Moneybees and Tambunting Kahera ng Bayan remain committed to driving financial inclusion, innovation, and customer satisfaction, ensuring that all Filipinos have the opportunity to participate in the digital economy.

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Other articles published on Nov 17, 2024