Crypto wallet provider Coins.ph has partnered with U.S. financial service company Western Union to enhance cross-border transfers to the Philippines.
The partnership will grant over 5 million Coins.ph users access to both local and international payments transferred into their digital asset wallets.
According to Coins.ph, the decision to partner with Western Union was based on its desire to ensure that people can receive cash payments from virtually every nation in the world.
In an announcement, the blockchain firm said it would harness Western Union’s global reach and position as a leader in money transfers to grow their services exponentially — and hopefully its user base as well.
With this partnership, Filipinos will now be able to receive international money transfers that are made from the Western Union platform directly to their Coins.ph wallets.
Speaking about the partnership, Ron Hose, founder and CEO of Coins.ph, pointed out that there are millions of Filipino workers abroad who are in search of additional remittance…