outbrain
Close  

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 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.

ADVERTISEMENT

Coins.ph CEO Ron Hose

Coins.ph 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 Coins.ph wallet is free,” said Coins.ph CEO Ron Hose.

FEATURED STORIES

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

RELATED STORIES

Why Bitcoin works for remittancesa Q&A with Coins.ph Ron Hose

Bitcoin trade not for the faint of heart

ADVERTISEMENT
TOPICS: app, bitcoin, Coins.ph, money transfer, technology
Read Next
EDITORS' PICK
MOST READ
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.

For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2020 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.