In this CoinGeek Backstage interview, Jen Bilango and James Rumohr tackle the latest updates on their respective apps and how these fuel the adoption of emerging technologies in the Philippines.
Coins.ph and Circle's partnership aims to drive awareness of USDC-denominated remittances as a secure, low-cost, and near-instant solution for international money transfers.
The Financial Services Commission of Mauritius has granted Coins.ph with four virtual asset service provider (VASP) licenses for broker-dealer services, virtual asset wallet services, virtual asset custody, and marketplace offerings.
Coins.ph CEO Wei Zhou says he plans to make the Philippines 'a leader in Web 3.0' globally by promoting the adoption of digital assets and blockchain — technologies he claimed would empower Filipinos.
The Electronic Payment and Financial Services license will give Coins.ph the status of an order book exchange, showing buy and sell prices in real-time.
Wei Zhou says Coins.ph is rebuilding its business to be a Web3 firm offering trading and earning yield from digital assets and providing a gateway to the metaverse.
Day 2 of the first Philippine Fintech Festival circled around the future of digital assets, NFTs, metaverse, Web 3, fintech, and the endless opportunities in the blockchain space.
The event, to be held on October 17-21, will feature key Southeast Asian fintech giants and focus on the rise of ASEAN region’s profile as a global fintech hub.
The Filipino exchange will also use the funds to expand across Southeast Asia, with its news CEO saying that the market for Web3 in the country is massive.
Wei Zhou, who stepped down from Binance in June 2021 for “personal reasons,” and will now head “the Coinbase of Southeast Asia” even as competition heats up.
Western Union might say they are staying away from digital currencies, but there was a market too sweet not to tap in the Philippines, and Coins.ph was a willing partner to bring them in.