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.
The Indonesian ride-hailing giant announced that it is acquiring a “substantial” number of shares of the Philippine-based fintech company, Coins.ph.
CoinGeek is highlighting the platforms that have opted for a neutral stance ahead of the Bitcoin BCH protocol upgrade, offering their users the chance to put their money where they believe Bitcoin BCH is headed.
Fintech startup Coins has more than tripled its user number to 5 million in under 12 months, after a whirlwind year for the company and its cryptocurrency payments app. And by 2020, CEO Ron Hose said Coins is aiming to reach 20 million users.
The SEC has released a 37-page document outlining its proposed rules for local ICOs. According to the memorandum, any entities planning to conduct initial coin offerings must file applications to the SEC and include detailed documents outlining their operations and how their tokens function.
Coins.ph’s 5 million customers can now cash in and add funds to their mobile wallets from over 2,500 Palawan Pawnshop locations nationwide.
At the moment, there are 29 applications under different stages of the application process—twice the number of applications recorded by the central bank in December 2017.
