The crypto space is looking pretty good so far this year, after the bearish 2018.
Experts have been predicting a better 2019 in terms of prices for digital assets but also in terms of adoption.
After the bulls from last week, things are looking quite optimistic these days.
Western Union teams up with Coins.ph
Global leader in cross-border payments and cross-currency money movement, Western Union teams up with Coins.ph which is one of Southeast Asia’s fastest-growing fintech companies.
The startup provides financial services to people who own a mobile phone with or without a bank account.
They also provide services to over five million people via a blockchain-based wallet.
With Coins.ph, customers have the ability to access a mobile wallet.
Integrating the mobile wallet into the payments platform
Western Union will incorporate the mobile wallet into its cross-border payments platform, allowing Coins.ph customers in the Philipines to receive WU money transfers.
Customers can also store their digital assets. The functionality of the wallet will remain the same on as it was before the WU integration, according to The Daily Hodl.
It will allow customers to buy, sell and store several leading cryptos including Bitcoin, Ethereum, XRP and Bitcoin Cash.
Traditional services, blending with innovative tech
This move shows just how rapidly financial service providers are currently entering the crypto space while Bitcoin, blockchain and the other digital assets are gaining more and more traction.
Ron Hose, Coins.ph co-founder and CEO said the following about this partnership:
“There are many overseas Filipino workers who send money back home regularly and are always looking for additional remittance options that will make it most convenient for their loved ones to receive money. By pairing Coins.ph’s payments technology with Western Union’s expansive global network, we are giving Filipinos a seamless choice to receive money digitally, on the go.”
The platform is designed to reach customers in both urban and remote areas who need quick access to payments.