This Is How Cryptocurrencies & Blockchain Could Solve Asia’s Financial Inclusion Issue
Tuesday, April 25, 2017
The “across borders” benefits have led to the launch of Bitcoin startups in places like the Philippines, where remittances from overseas Filipino workers (OFWs) contribute more than $26 billion to the economy. Such was the case with Coins, a mobile-first, blockchain-based platform that facilitates remittances, bill payments and mobile airtime top-ups.
“I was initially looking for a way to solve the issue of expensive cross-border payments, which lead me to blockchain technologies and how they could be used to provide widespread financial access in general,” said Justin Leow, head of business operations for Coins.