The Central Bank Of Philippines has reportedly allowed three more crypto exchanges to start functioning in the country. With this addition, the total number of Bitcoin exchanges in this Pacific Ocean republic to 10.
Now Filipinos can receive and hold international money transfers initiated from Western Union’s digital network in more than 60 countries and retail network in more 200 countries and territories.
UnionBank of Philippines in partnership with Coins.ph will make it possible to use crypto ATMs to trade digital assets for Philippine Pesos.
The three exchanges will be using the Ripple’s xRapid solution for the easy transfer of money between the Mexican pesos, the U.S. Dollars, and the Phillippines pesos.
Bitwage has released a new bitcoin-based payroll product that allows employers to pay employees outside the US in their local currency.
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Coins.ph, the Philippines’ largest Bitcoin exchange, launched the first mobile Bitcoin wallet designed for emerging markets.