Crypto Wallet in the Philippines wins at The Asian Banker Awards Leveraging Ripple’s Technology2 min read
Coins.ph who is the largest fiat on and off-ramp crypto wallet in the Philippines that has over 5 million Filipino users was named as the “Best Blockchain or Distributed Ledger Technology or Platform” winner at The Asian Banker Philippine Awards 2019.
The Asian Banker (TAB) is a leading provider of news and insights about the banking and financial services industry since 1996. TAB runs several international award programs that cover retail financial services, transaction finance, risk management, and financial technology.
They received the award on Oct. 10, 2019, at the Shangri-La at the Fort, Manila, Philippines. Moreover, Coins.ph recently announced that on a blog post on their website.
The recognized solution
Through the partnership with Ripple, this enables faster, and cheaper transactions to the Philippines. Furthermore, this opens up the Philippines to any financial services globally with Ripple’s blockchain network.
Remittances through the Coins.ph wallet allows Overseas Filipino Workers to manage funds easier. As it offers payments for different kinds of bills or services that Coins.ph offers directly from the wallet.
The companies working with Coins.ph has gained access to the country’s largest cash distribution network. In addition, Coins.ph is also one of the largest retail distribution footprints of any blockchain company globally, operating through Coins.ph’s 33,000+ partner locations, as well as 5 million Coins.ph wallet users.
Wallet app is not for crypto transactions only
Their outstanding use of blockchain technology to enable faster, more affordable payments to the Philippines lead them to receive the award. Moreover, crypto transactions are not the only use case for their wallet. Users are also able to use the app in paying bills, buying game credits, and more. Below is the list of the other payment services they provide through the wallet app.
Images from Coins.ph website.