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Fintech: Revolution or Hype?
Entrepreneurs have started fintech companies in emerging markets like India (Unocoin), the Philippines (Coins.ph) and Africa (BitPesa), using blockchain and the internet to transfer money and convert currencies for less than banks charge.
This Is How Cryptocurrencies & Blockchain Could Solve Asia's Financial Inclusion Issue
Since its launch in 2014, Coins has signed up half a million users and partnered with retail outlets, banks, and other financial service institutions to create a distribution network of more than 22,000 cash disbursement and collection locations in the Philippines. In late 2016, the company raised $5 million in a Series A fundraising round.
Filipinos Tap Apps for Easy Remittance at a Pittance
In the Philippines, 7 out of 10 people do not have a bank account. But with the advancement of of mobile technology, there's been an explosion of new apps promising lower fees and more convenient transactions. New services use peer to peer transfers and other technologies to reduce cost. Some like Coins, even use Bitcoin.
After surge in transactions, Philippine central bank regulates Bitcoin
Coins.ph has taken great effort to build a strong compliance program. Fortunately, this means we can expect fairly minimal effect on our operations as we continue to uphold the same stringent practices we have held so far
Financial Inclusion Fund Leads $5 Million Investment in Bitcoin Startup Coins
Coins has raised $5m in funding from an impressive array of global investors to further develop its mobile wallet and supporting services such as remittances and bill payments. The Series A round was led by Accion Frontier Inclusion Fund, a fund dedicated solely to startups focused on financial inclusion. The round also included participation from BeeNext, Digital Currency Group, Eric Schmidt's Innovation Endeavors, Global Brain, Pantera Capital, Rebright Partners, Wavemaker Labs, Kickstart Ventures, and IdeaSpace Foundation.
Ain’t No Bit Player
Through its partnership with some banks, pawnshops, SM department stores, and 7-Eleven convenience stores, Coins.ph has built a network of 17,000 locations throughout the Philippines; these accept money that can be sent as remittance to other people, pay bills, top up phone credit, or pay for goods and services at selected shops. That’s more than the total number of bank head offices and branches, which stood at 10,849 as of March 2016.
Top 24 Fintech Startups by Forbes Philippines
The two-year-old startup offers remittances, fund transfers, bill payments and shopping through the digital currency of Bitcoin. With 17,000 locations nationwide, Coins.ph hopes to reach the underserved markets in far-flung areas with a digital wallet and financial service. In his interview with Forbes Philippines, Coins.ph co-founder Ron Hose said that compared to most remittance centers that charge 7.5 percent of the money sent per transaction, the startup only charges an average of one to three percent.
Asia has all the ingredients for a fintech revolution
Coins.ph provides payment services in bitcoins and Philippine pesos, as well as international remittances in either local currencies or bitcoins using bitcoins as the transfer medium, thus skipping the high exchange rate margins and fees charged by banks and other remittance service providers.
Coins.ph has partnered with convenience store chain 7-Eleven, Philippine lender BDO Unibank and other banks, and chains of licensed local payment shops so that users can visit the nearest branch or outlet to make payments, transfer money or withdraw funds from their accounts.
No Way But Up for E-commerce
“We allow people to pay their bills using their mobile phone, top-up their phones, those kind of things.”
Coins.ph is a downloadable app that serves as an e-wallet and mobile dock for multiple bank accounts, which can send and receive money across both members and non-registered users. Money is loaded on a user’s account through partner brick-and-mortar merchants such as 7-Eleven convenience stores and pawnshop outlets, and may be sent and received across bank accounts, e-mail addresses, text messages, and Facebook profiles through the platform. The credit may then be converted into cash through the same physical avenues above or via door-to-door delivery, and may also be used to pay utility bills and purchase items.
3 Crypto Companies in The Philippines You Should Know
Coins.ph is the most popular crypto company and bitcoin platform in the Philippines. With its close ties with the local payment network providers and banks, it allows users to to purchase and sell bitcoin through traditional methods such as bank deposits, bank wiring, and ATM deposits.
Over the past two years, Coins.ph has significantly improved its platform, adding new services and features which allow anyone to purchase or sell bitcoin through convenience stores, remittance outlets, and even local brokers.
The most interesting part of the Coins.ph platform is its services that enable users to settle utility bills. On the Coins.ph platform, users can settle credit card, electricity, water, and rental fees using bitcoin. Normally, users would have to visit each company to pay in cash.
How Bitcoin is Disrupting Southeast Asia’s Remittance Industry
“Once you have a block chain client, such as a wallet, you can actually transfer funds to anyone directly over the blockchain without having to pay an intermediary,” says coins.ph founder Ron Hose. “And it happens within seconds.”
Coins.ph partners with banks and other financial institutions to make the remittance possible. Says Hose, once the transfer is made over the Bitcoin network, recipients can receive their funds through traditional channels, such as major remittance centers, door-to-door delivery, and Smart Money, among others. “So, on the receiving side, it’s the same. The one we’re replacing is the company that’s abroad, for instance, Western Union,” he says.
3 Major Bitcoin Platforms in Philippines, Efficiency Comparison Test
Users rank Coins.ph as one of the best and well-rounded Bitcoin applications globally, due to its connections with local banks, remittance networks, corporations, and merchants which enable users to do pretty much anything with Bitcoin. Coins.ph allows users to settle utility bills, pay tuition fees, credit card payments, purchase mobile credits, and purchase and sell Bitcoin through remittance branches, ATMs and banks.
Digital Currency and Financial Inclusion - a look at Coins.ph
Bloomberg Philippines sits down with Coins.ph co-founder and CEO Ron Hose to discuss the opportunities in using blockchain technology to increase financial inclusion in the Philippines and Southeast Asia.
3 ways cloud computing helps MSMEs
Coins.ph may have started in the Philippines, but it has expanded regionally using cloud computing and recently opened Coins.co.th in Thailand, providing Thais with the same kind of service it is providing Filipinos. Millions of other organizations across the world have already benefited from cloud computing as a technology platform to successfully create new business models, grow their businesses, and go global.
8 for fortune: OCBC fintech accelerator reveals its participants
A mobile wallet, this Philippine-based company connects users directly with “life expenses” like paying bills and sending money. It is partnered with banks, department stores (even pawn shops) and payment centers.
As it leverages blockchain technology, the service can handle the national currency (Pesos) and bitcoin accounts.
The next big opportunity in fintech is here
One of the panelists, Ron Hose, founder and CEO of Coins.ph, a mobile money transfer service that uses blockchain technology, explained in the Philippines, for example, "more people have Facebook accounts than bank accounts." Hose explained this was because the traditional model of banking does not fit well into a market such as the Philippines.
"If you are going to provide financial services over bank branch, your costs are just too high," he said, adding potential customers in the country have a low savings rate. "Every time the customer is walking into the [bank] branch, you're going to be losing money."
Bitcoin Remittances: How to Send Money Home
Coins.ph is a Manila, Philippines- based company that facilitates money transfers through the use of mobile devices and blockchain technology. It allows customers to pay bills, buy load, and receive money from anywhere using bitcoins and its underlying blockchain technology.
Unlocking blockchain for the underbanked
At Accion Venture Lab, we have reviewed and spoken to a multitude of early-stage companies looking to use both bitcoin currency and the underlying blockchain technology to expand financial services throughout different emerging markets.
Companies — like BitPagos, Bitex.la, Bitso, Volabit, Wayniloans and Blinktrade in Latin America; BitPesa, Atlas and Switchless in Africa; Coins.ph in Asia; and Abra and Allaire in the U.S. — are trying to tackle real problems and inefficiencies in the market, whether in payments, lending or remittances.
What you need to know about the fintech industry in 2016 (Infographic)
Coins.ph listed in top 5 fintech startups for APAC
Bright Idea: Making Money Mobile with Coins.ph
Coins.ph co-founder and CEO Ron Hose explains to Bloomberg Philippines how Coins.ph is making financial services easier and broadly available for all Filipinos.
“Thanks to the app’s peer-to-peer Teller service, individuals or establishments with access to the app can serve as a bank to help users pay their bills, top up their phone credits, or send funds to anyone, anywhere. The system is reminiscent of Uber, as anyone can act as an ATM.”
Coins.ph – feat. Brock Pierce and Adam Draper
“There are couple of things interesting about the Philippines. It’s a very large market. Even though it’s growing very fast a lot of people are still lacking access to very basic services, like healthcare, finance, commerce, education. Growth in mobile and social gives us very good railways to deliver those services to customers.”
What I learned as an intern at a start-up
The supportive environment, exposure to the different aspects of the business and unique culture are just some of the things I’ve come to appreciate and miss about working at Coins.ph. It’s shown me the great potential technology has to disrupt and reform current systems.
Philippine Loan Sharks Tested by New Rivals
“A third Manila startup, Coins.ph, enables Filipinos who may never have had a bank account to transfer funds online, both domestically and internationally. The service is aimed at overseas Filipino workers, who government figures show sent around $27 billion back home to the Philippines in 2014.”
Seriously clever: Philippines’ Coins.ph uses Bitcoin in new service to deliver easy to use P2P cash transfers
“A new service from Philippine Bitcoin startup Coins.ph allows users to transfer money to other users without the need to have a bank account. Called “Teller”, the system works by utilizing Coins.ph accounts and retailers who currently accept Bitcoin payments via the Coins.ph network to transfer actual fiat currency between two parties.”
Uber for banking? Coins.ph turns people into ATMs
We think this will augment banks in areas that are hard for them to serve. Our vision is to help the banks drive services there, not to replace them.
Philippine's Coins.ph launches human ATM network Teller
"It costs too much to put up branches everywhere, resulting in over two billion adults who are still unbanked," said CEO Hose. "Teller elegantly solves this problem by building a human branch network that allows financial institutions to reach a demographic they are not currently able to reach with their existing branch infrastructure."
Uber for banking? Coins.ph turns people into ATMs
Here’s how it works: say you need to transfer money to a relative. To do this, you would open your Coins.ph wallet and find a teller near you using your GPS. Tellers can be people or small retail establishments like convenience stores. Upon meeting, the teller collects your cash and transmits the equivalent amount in bitcoins into your mobile wallet, while charging a small fee for processing.
Coins.ph Launches Peer-to-Peer Bitcoin App for Southeast Asia
Teller users who want to access funds for mobile phone top-ups and remittances, for example, can use the app to find a third-party seller to accept local currency, allowing the buyer to gain access to digital money. All transactions are denominated and held in local currency, with Coins.ph using the blockchain as the rails to facilitate the exchange of funds.
First Instant Bitcoin-Based Remittance Service Launched in the Philippines
I partnered with Coins.ph because they have the best fintech product in the Philippines, and I knew that if I integrated with them, Zinger would be of high quality as well," [Lorne Lantz, creator and CEO of Zinger] explained. "As well, every encounter I've had with their team has been extremely positive."
From fantasy currency to financial disruptor
For Ron Hose, the CEO of Coins.ph, a Philippine financial tech startup that grants the unbanked access to financial services like overseas remittance, bills payment, and bank deposit, it’s in a country like the Philippines—where only two out of 10 households have access to savings accounts, much less credit cards—that bitcoin can really leapfrog.
Singapore Rising: The Plot to Be the Next Big Tech Hub
Coins.ph is a sort of virtual bank branch, where people can send remittances and transfer money between accounts from an app on their phones
Taiwanese Company Brings Bitcoin to 10,000 Convenience Stores
Maicoin has also partnered with Philippines exchange and remittance service Coins.ph to serve the large number of Filipino expat workers in Taiwan.
Using Maicoin and Coins.ph apps, over 78,000 foreign workers in Taiwan can send money to their home countries any time and in any amount, without incurring extra fees.
E-shopping made safer with Bitcoin
For Coins.ph, they focus on bringing down the costs for OFWs to remit, while providing a service to instantly send money to any mobile number or email address. They also make it convenient to receive money transfers, with a cash pickup network covering pawnshops, banks, and door-to-door delivery all over the Philippines. Their wallet app enables users to quickly pay bills and buy mobile load.
Disruption in the Philippines
The Philippines’ more than 7,000 islands huddle together in isolation like tropical polar icecaps planted high with exotic fruit trees, hundreds of miles out in the middle of the western Pacific Ocean. Geography alone makes it one of the unlikeliest places on the planet to be a hub for the tech industry. Any yet, the Philippines is a veritable melting pot of early-stage tech entrepreneurship.
Coins, Hose’s latest startup, is a payment-processing company based in the Philippines that allows people to make overseas (or local) payments at a fraction of the cost Western Union charges using Bitcoin or other comparable virtual currencies.
Coins.ph CEO Says Bitcoin Is to Remittances What Skype Was to Overseas Calls
The first thing you notice when you come to a developing market is that everything is done in cash. Money is saved in a mattress, if at all, so what little financial infrastructure there exists tends to be very costly, slow and inefficient. It’s too expensive to establish large, efficient banking networks because there is no savings and the amounts are so small. Bitcoin is seen as a payment novelty in developed countries, but here, the advantages it has over traditional methods could solve large, daily problems for millions of people.
Seven Cities Leading Bitcoin Adoption in 2015
The Bitcoin industry has grown rapidly across the globe. The number of Bitcoin merchants has risen, the value of Bitcoin startups has increased and most importantly, awareness of Bitcoin has increased in countries with poor banking or financial systems.
Coins.ph allows Bitcoin users in the Philippines to purchase in eCommerce sites such as Metrodeal, pay utility bills, purchase credit (phone, internet) and to cash out at thousands of ATMs, local remittance stores and banks.
Apart from its child company Coins.co.th, Coins.ph is probably the only company which allows users to spend bitcoins for day-to-day use and to connect to local banks and remittance services.
Can innovation solve East Asia’s most pressing challenges?
Looking at the central business district of Manila, I find it easy to see the progress and its effects on the city – busy streets, construction of high rises, a consumer-driven economy highlighted by some of the world’s largest malls, and a buzzing 24-hour culture driven largely by a Business Process Outsourcing (BPO) boom.
Omni Currency Exchange - Best in Class Innovation
The importance and viability of alternative currencies have been growing over the past year, particularly with the dramatic rise of Bitcoin. As more consumers see the value in these emerging transactions, merchants are starting to put processes in place with to accept a wider variety of payments from loyalty points to cryptocurrencies, expanding the notion of what can be counted as currency.
Data Security Is Becoming the Sparkle in Bitcoin
Several start-ups are developing ways to transfer traditional money using the block chain in the hopes of streamlining financial transactions. One such company, Coins.ph, based in the Philippines, has seized on the block chain’s peer-to-peer technology as a way to improve the remittance business and global payments by lowering costs and speeding up transactions. The company’s goal is for people to use its services without having to understand the block chain, much as people send email without thinking about the Internet.
Send home your wages using Bitcoin and avoid hefty money transfer fees? That's now a reality
User-friendly money transfer service may prove to be “Bitcoin’s killer app.” Will SendMoney.ph succeed on such a scale in the Philippines?
Bitcoin comes to the rescue of Filipinos who work for US companies
California-based Bitwage, for one, launched a Bitcoin-powered payroll service that that allows American companies to pay workers outside the US in their local currencies. The company struck a partnership with Philippine Bitcoin exchange Coins.ph. Via Coins.ph, the workers can choose to collect the remittance in Philippine pesos or preloaded cash cards. They may receive their payments through their mobile wallets, bank deposit, or door-to-door delivery.
Philippines Startup Lets Coinbase Users Remit Cash
Coinbase customers in 24 countries will now be able to use a cash-to-cash remittance service based on bitcoin's blockchain to send money to the Philippines.By employing Coinbase's API, Philippines-based Coins.ph is allowing the wallet and exchange platform's two million registered users to send pesos to recipients in the Southeast Asian country through a variety of delivery methods
Bitwage Launches International Bitcoin Payroll for US Employers
Bitwage has launched a new bitcoin-based payroll product that allows American companies to pay employees outside the US in their local currency. The company's first partnership as part of its international push is with bitcoin exchange Coins.ph, and allows firms to quickly and cheaply pay workers in the Philippines – even if they don't have a bank account.
Bitcoin exchange Coins.ph launches 24/7 ATM payout service
Overseas Filipino workers are constantly worried about the service fees that come with sending money home to their loved ones. In the past, there have been reports of remittance centers adding hidden fees for transactions, prompting some to use courier services instead of sending money through banks or wire transfer centers. The downside to this is that these courier services don’t provide protection for your money. This year, Bitcoin exchange and wallet service Coins.ph launched their new cash payout option, providing a cheaper and more convenient alternative.
Filipinos Can Now Cash-out Money from 450 Bank ATMs, Thanks to Bitcoin Firm
The Philippines has more overseas workers than nearly any country in the world, and remittances reached an all-time high of $25.1 billion in 2013. But the cost of sending money home to family has historically been high. That is changing, thanks to the Philippines Bitcoin exchange and remittance service Coins.ph. The company has a new service that allows recipients to instantly cash-out from a bank ATM.
Coins.ph users may now convert Bitcoin into cash using ATMs in the Philippines
Philippine startup Coins.ph has launched a new service that will further encourage overseas Filipino workers (OFWs) to send money to their loved ones using Bitcoin.Cash-out through 450 ATMs of partner bank Security Bank – without the use of an ATM card – is now an option for Coins.ph users.The company has taken steps early on to bring value to remitters. It launched a wallet that allows OFWs to send money at lower costs than banks or money transfer firms like Western Union.
Local Bitcoin exchange launches payout service
LOCAL Bitcoin wallet and exchange Coins.ph has partnered with listed lender Security Bank Corp. to allow cash-outs of Bitcoin remittances in the mid-sized bank’s automated teller machine (ATM) network.Coins.ph “has just launched its new cash payout option via over 450 partner ATM machines nationwide,” the start-up Bitcoin firm said in a statement over the weekend.“Cashing out via ATM machines nationwide is an addition to its already existing 5000+ cash pick up locations,” the company said.
Bitcoin Firm Enables Remittance Cash-outs at 450 Philippine Bank ATMs
Philippine bitcoin exchange and remittance service Coins.ph has added an 'instant remittance' service to its list of options, allowing recipients to cash-out sent funds directly from a bank ATM. Using the company's mobile app, customers anywhere in the world can transfer cash via a bitcoin ATM and have a friend or relative collect it instantly from a bank machine. Money can also be sent directly from bitcoin balances in Coins.ph web wallets.
Looking Further with Ford 2015 Trends
In emerging markets in particular, paying bills and transferring money can becomplicated, frustrating and expensive for those trying to send cash to loved onesacross borders. Now there’s coins.ph, the Philippines-based mobile Bitcoin walletthat’s delivering the cryptocurrency to areas without secure banking. The app allowsusers to buy and sell Bitcoin and store it in their digital wallet—and easily send Bitcointo family members and friends, bypassing long bank lines and high transfer fees.
Ford Motor Company Report: Bitcoin as a 2015 Trend
According to the study, mobile payment should be an area of focus for the coming years, with the number of users expected to move from 61 million, as of June 2013, to reach 450 million by 2017. The report cites the example of Coins.ph, a Philippines-based Bitcoin exchange and wallet, which allow users to send and receive money easily across borders. These technologies, the reports continued, are consistent, notably in emerging markets where "paying bills and transferring money can be complicated."
Can Bitcoin Revolutionize Your Wallet?
For Bitcoin to succeed in the Philippines, focus should be put on the benefits Bitcoin could bring for Filipino users. We're solving a pain point that is real. 75 percent of Filipinos have limited access to any form of financial services. If they want to send or receive money to relatives, they have to pay very high fees to middlemen. The Philippines is traditionally seen as a follower and not a leader for new technologies, but it could change for Bitcoin.
Easier cash remittance with new bitcoin wallet mobile app
MANILA, Philippines―A new bitcoin mobile application is set to make sending money, online shopping, and buying cellphone load easier and more accessible for Filipinos.Launched by Coins.ph Tuesday, its new mobile app allows users to buy and sell bitcoin through their phones. Apart from the said feature, the app also allows users to send money to anyone in the Philippines through their phones.
Bitcoin is the perfect disruptive technology for Asia: Coins.ph’s Ron Hose
Coins.ph is Southeast Asia’s — and specifically the Philippines’ — latest answer to a free mobile Bitcoin wallet, with a mobile app currently available on Google Play (the company says an iOS version is on the way). It is now the largest Bitcoin exchange operating in the country.
Coins.ph launches Bitcoin wallet tailored for emerging markets
Coins.ph, the Philippines largest Bitcoin exchange, launched what it says is the first mobile Bitcoin wallet designed specifically for emerging markets. The new wallet allows customers to shop at online merchants who accept bitcoins, but the real emphasis is on sending cash to family and friends, paying bills, and instantly topping up prepaid phones.
Coins.ph Wallet Brings Bitcoin Remittances to Mobile
On Monday, Coins.ph, the Philippines’ largest Bitcoin exchange, launched the first mobile Bitcoin wallet designed for emerging markets.
Coins.ph’s Bitcoin wallet, which is now available for download on Google Play, allows customers to send cash to family and friends, instantly top up prepaid phones, pay bills, and shop at more than 63,000 online merchants around the world.
New Bitcoin Wallet App Targets Philippines Remittance Market
Philippines-based exchange Coins.ph today released a mobile bitcoin wallet app with features the company says are aimed squarely at emerging market use cases.As well as standard wallet functions, the Android-only app allows users to buy and sell bitcoin through various channels, top up prepaid mobile phones, pay bills, and even work as a mobile remittance service by converting to Philippines pesos.
Bitcoin: The future of payments
We launched the exchange in February, and it's been very good, said Mr. Hose, a Cornell-educated tech entrepreneur who's shifted bases from Silicon Valley to Ortigas. "We've been growing very fast." He declined to share exact figures, citing the need to keep the data confidential given the burgeoning local competition. But Bitcoin in the Philippines "is now actually farther ahead than what people think," he said, as he cited some online stores and electronic payment systems: "Cash Cash Pinoy, Bench online, E-pass, and DragonPay all accept Bitcoin through our gateway.
Philippine Government Bill Could Pave Way for Bitcoin-Backed Money
Ron Hose, CEO of local bitcoin exchange and processing provider Coins.ph, told CoinDesk he believes that the e-peso offering could boost bitcoin's credibility domestically, and that both bitcoin and the e-peso could co-exist in the market.
Bitcoin in the Philippines: A Perfect Cryptocurrency Storm
The Philippines is the third largest recipient of money from its workers overseas, after China and India, with $22bn received in 2013.
Ron Hose, founder of bitcoin exchange Coins.ph, adds that “internal remittance, people in the Philippines sending money to family and friends in the country, probably adds $50bn to $70bn on top of that”.Read More
Geeks on a Beach: Why the Philippines should be on your mind
Coins.ph is another very promising Bitcoin exchange, founded and run by Ron Hose, who has set up a VC fund with Google’s Eric Schmidt. His mission to empower the unbanked in the Philippines through digital currencies is well on its way. The figures can’t be disclosed, but are pretty amazing.
Philippines’ Coins.ph launches Thailand’s second Bitcoin exchange
The expansion from Philippines to Thailand is the first step in Coins’ plan to increase its regional presence.
Philippines’ Coins.ph launches Thailand’s second Bitcoin exchange Coins.co.th
Philippines-based startup Coins.ph announced the launch of second Bitcoin exchange in Thailand coins.co.th, now the country’s second legal exchange.
Bitcoin Ban Fear Fades in Thailand With Exchange Launch
Coins has launched its second bitcoin startup in Southeast Asia with the formal opening of Coins.co.th in Thailand. The startup has been exchanging baht and bitcoin in Thailand since its soft launch in June, when it received its e-commerce registration from the Huay Khwang District Office. Read More
Bitcoin firm licensed to trade in baht
Another bitcoin trading company has emerged as a legally registered entity in Thailand after obtaining e-commerce registration with a local district office in June, with its digital currency trade restricted to baht. The registration was obtained despite doubts over the legality of the virtual currency. Coins (Thailand) began its service early this year after it was awarded with an e-commerce registration licence by Huay Khwang District Office on June 20 Read More
Thailand Approves Fully-Legal Bitcoin Exchange
Coins (Thailand) Co. Ltd. is now the second fully regulated Bitcoin exchange in Thailand alongside Thai Bitcoin marketplace with only these two exchanges obtaining e-commerce registrations.
Why Bitcoin works for remittances
Entrepreneurs in the Philippines are exploring the potential of Bitcoin in improving payments structures. Perhaps the most well known startup is Coins.ph, a Bitcoin exchange service and merchant processor that has inked two deals with major local merchants.
Send home your wages using Bitcoin and avoid hefty money transfer fees? That’s now a reality
On June 29, Philippines-based Bitcoin exchange Coins.ph launched its remittance service, SendMoney.ph.
The service targets the $24.7 billion market for remittances in the Philippines, which trails behind only China and India in volume. While this industry represents an additional and significant revenue opportunity for Coins.ph, its co-founder and CEO Ron Hose is also considering Filipinos working overseas – a large group of people dubbed overseas foreign workers (OFWs) – that SendMoney.ph may help.Read More
Money Talks: The Bitcoin Economy
Coins.ph CEO Talks Opportunity for Bitcoin in the Philippines
Bitcoin startups are emerging across Asia as entrepreneurs begin to see bitcoin’s potential to improve the region’s inefficient payments infrastructure and bolster its relative absence of advanced financial tools.
Could the Philippines be Asia's next tech tiger?
The Philippines may have the fastest-growing economy in South East Asia but it also has the slowest internet in the region. Despite this, some think they have spotted an opportunity that could turn the country into Asia's next tech tiger. Aurora Almendral met some of the true believers.
The state of Bitcoin in Southeast Asia
Bitcoin holds great promise in regions where banking and payment systems are not as developed, including Southeast Asia. A look at global venture capital flows into Bitcoin startups indicates that the majority of investments are being made into basic infrastructural projects like Bitcoin exchanges, which have received US$106 million in total global funding so far.
10 Philippine online payment methods for consumers and merchants
Low banking and credit card penetration in the Philippines has been a factor hindering the growth of the country’s ecommerce sector in its earlier years. With a mere 27 percent banking penetration and two percent credit card penetration, the prospect of increasing ecommerce transactions doesn’t look promising.
Ron Hose of coins.ph @ CoinSummit
Perianne Boring talked to CoinSummit attendee Ron Hose about how he’s enjoying the conference, and what he’s been working on with Coins.ph, using bitcoin to offer better banking options to the developing world, starting with the Philippines and the rest of South East Asia.
Got some bitcoins to spend? 7 merchants accepting bitcoins in the Philippines
Bitcoin usage is on the rise in Asia, and the Philippines is no exception to this. But if you’re still wondering where you can use your bitcoins, here’s a list of some online and offline merchants that accept the cryptocurrency as payment.
Coins.ph partners with MetroDeal and CashCashPinoy
The coins.ph bitcoin exchange has partnered with MetroDeal and CashCashPinoy which are two companies based in the Philippines. This effects an area where 95 million people do not have access to a credit card to purchase goods online. The addition of MetroDeal and CashCashPinoy will allow these people to shop with thousands of brick and mortar stores and have access to goods that were previously unavailable to them. This development will allow consumers without the access of credit cards to participate in the global Bitcoin economy.
Bitcoin Payments Startup Coins.ph Launches with Two Major Filipino Merchants
When daily deals giant MetroDeal, the Philippines’ number two e-commerce website, seemingly went live with a bitcoin payments option last week, it was a clear sign that major merchants in the 97-million-strong nation were beginning to take the digital currency seriously.
Two Philippine daily deal sites to accept Bitcoin payments via Coins.ph
Coins.ph launched in the Philippines last year offering a Bitcoin trading platform in the country. Following this, it is now set to provide a Bitcoin payment service for daily deals sites MetroDeal and CashCashPinoy this month, with the aim of giving more payment options to consumers.
2 Philippine daily deal sites to accept Bitcoin payments via Coins.ph
Coins.ph launched in the Philippines last year offering a Bitcoin trading platform in the country. Following this, it is now set to provide a Bitcoin payment service for daily deals sites MetroDeal and CashCashPinoy this month, with the aim of giving more payment options to consumers.
Now you can use Bitcoins to shop at MetroDeal and CashCashPinoy!
In a positive development for under-banked consumers in the Philippines, coins.ph has launched a new Bitcoin e-commerce payment service. Through coins.ph, MetroDeal and CashCashPinoy, two of the largest e-commerce sites in the Philippines, will be accepting Bitcoins as payment.
MetroDeal, the Philippines’ Top Daily Deals Site, Now Accepts Bitcoin
Asia-based daily deals giant MetroDeal, the number two e-commerce website in the Philippines according to Alexa rankings, is now accepting bitcoin for its discount vouchers and coupons.
TechRap explores the world of BitCoins
How to buy, should you invest and why digital currency should excite you.
Ron Hose: Bitcoin is great for the ‘unbanked’
The majority of people in the Philippines don’t have bank accounts or credit cards. The largely ‘unbanked’ population is an issue that the country is trying to tackle as it slows down the growth of things like ecommerce. Bitcoin can be a solution to this problem in the Philippines, according to Silicon Valley investor and entrepreneur Ron Hose. He has created a Bitcoin trading site for the Philippines called Coins.ph.