Founder Ron Hose enthusiastically explained, “We are excited and proud to provide 5 million customers with access to financial services. Our focus on creating financial inclusion to all Filipinos has propelled our growth to date.”
Many of the southeast Asian archipelago’s inhabitants struggle with inadequate economic opportunities and poor financial services. Nearly half of the Philippines is living on close to $2 a day, and its central bank, Bagko Sentral ng Pilipinas, estimated early last year that 86% of Philippines’ citizens are unbanked – bereft of basic banking services used by folks in the West every day.
Philippines' Crypto Wallet Reaches 5 Million Users, Adds More Coins - Bitcoin News
Averaging more than a million onboardings per year, Philippines’ Coins.ph announced it reached a whopping five million users this week for its mobile payments application (app) and hot crypto wallet. The company also revealed it would add two new popular coins: bitcoin cash (BCH) and ether (ETH).
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