Thursday, April 26, 2018
  • share this

Easier cash remittance with new bitcoin wallet mobile app

/ 06:10 PM October 15, 2014

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 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. CEO Ron Hose CEO Ron Hose

Bitcoin is a form of “cryptocurrency”, or digital currency, used to pay online transactions.


“With our bitcoin wallet, customers enjoy similar perks to those they would get from having a bank account, minus the barriers for setting one up. Most importantly, keeping a wallet is free,” said CEO Ron Hose.

Hose said that the app caters to the Filipino clientele as the app does not need to be linked with an existing bank account to work. He noted that 75 percent of Filipinos do not have bank accounts.

According to the CEO, their app aims to cut the “high” costs of banking transactions for Filipinos who only have low savings.


Why Bitcoin works for remittancesa Q&A with Ron Hose

Bitcoin trade not for the faint of heart

Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: app, bitcoin,, money transfer, technology
For feedback, complaints, or inquiries, contact us.

Duterte arrives in Singapore for Asean summit

April 26, 2018 10:29 PM


3 nights of jazz

April 26, 2018 09:54 PM

© Copyright 1997-2018 | All Rights Reserved