Coins.ph allow money transfers through Western Union

The collaboration will allow families of overseas Filipinos to seamlessly receive Western Union money transfers in Coins.ph wallets.

this collaboration will allow international and domestic money transfers to be received directly into Coins.ph wallets.

This announcement was held on 3 April 2019 during a press release and this collaboration will be held between Philippine-based blockchain-enabled e-wallet service and the US-based financial services company.

More than five million Coins.ph users will receive and hold international money through Western Union’s digital network in more than 60 countries and retail network in more than 200 countries.

This will integrate Coin.ph’s blockchain-enabled platform and Western Union’s cross-border platform.

Their efforts allow millions of Filipinos “quick and convenient access to remittances, in urban and remote underserved areas.”

Coins.ph co-founder and CEO Ron Hose said “a seamless choice to receive money digitally, and the go” which will allow the families of 10 million overseas Filipinos to have easier access to services and maximize impact.

Users who want to receive money through Western Union directly to Coins.ph wallets will have to register with Coins.ph, submit an ID and complete KYC process.

Once verified, they can now receive Western Union money transfers by inputting the unique tracking number and the transfer amount.

Users can receive a maximum of 100,000 Philippine pesos ($1,907) through their Coins.ph wallet.

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