Post
Topic
Board Bitcoin Discussion
Re: Phillipino nannies remit over $20billion yr
by
coinsme
on 08/01/2015, 04:17:03 UTC

You don't necessarily need to know what is bitcoin and how it works to use it for remittance. There are a bunch of start-ups that offer bitcoin remittance services.

http://www.coindesk.com/philippines-startups-fulfil-bitcoins-remittance-promise/

http://www.coindesk.com/bitcoin-firm-enables-remittance-withdrawals-450-philippine-bank-atms/

https://rebit.ph/how-it-works

I've read about one of such businesses (can't find a link) enabled both senders and recipients to pay/receive in fiat, so they wouldn't even have to know that bitcoins have been used for transfer.


Thanks for sharing about our service - I'm with coins.ph, by the way. Our goal is to increase access to financial services using digital currencies / bitcoin. Remittance is a two-way process - there's the sender (OFW) and the beneficiary (family member / loved one). The good thing about this process is that it only takes the sender to understand bitcoin (how to remit money using bitcoin), and the process can be completed - money can get to the beneficiary through familiar means. Hence, we are very glad to add 24/7 instant ATM cash pick up into our list of remittance payout options. https://coins.ph/atm-cash-pickup

Advantage of remitting money using bitcoin? Convenience and being able to save on fees - hoping this could help motivate more senders / ofws to give it a try.