CoinCorner partners with Pouch to expand Send Globally service to the Philippines
CoinCorner customers can now Send Globally from the UK and Europe to the Philippines, using Bitcoin and the Lightning Network.
Douglas, Isle of Man — CoinCorner has added support for the Philippines to its Send Globally service, allowing customers in the UK and Europe to transfer funds to the Philippines, using Bitcoin and the Lightning Network.
In a new partnership with Pouch, Send Globally will allow users with British pound (GBP) or Euro (EUR) to transfer funds to family and friends in the Philippines, freely and instantly, via the Bitcoin Lightning Network, starting with GBP or EUR and ending with Philippine peso (PHP) in a local bank account or mobile money wallet.
This follows CoinCorner’s recent partnership announcement with Bitnob (1), to facilitate cross-border transactions from the UK and Europe to Africa.
When a CoinCorner customer uses Send Globally to send funds to the Philippines, their pounds will be automatically converted into Bitcoin (BTC) and sent via the Lightning Network. Once the BTC is received at Pouch, it will be instantly converted into PHP and the recipient will receive the funds straight into their bank account or mobile money wallet.
CoinCorner CEO, Danny Scott, said, “We’re excited to announce our latest partnership with Pouch and expand our Send Globally service to the Philippines. Every year, more than £2 billion is remitted from the UK and Europe to the Philippines (2), so this is another great opportunity to demonstrate the power of Bitcoin, with instant and low cost transactions via the Lightning Network.”
Ethan Rose, CEO at Pouch, said, “The Lightning Network is the most efficient way to send money across borders, but until now the user experience has been too complex for the average user. We’re so pleased to announce the partnership between Pouch & CoinCorner, because it allows us to drastically simplify a remitter’s user experience while still taking full advantage of the utility of Lightning.”
CoinCorner’s Send Globally service is available now — sign up for a CoinCorner account today at www.coincorner.com/register.
ENDS
Source(s):
- CoinCorner partners with Bitnob to facilitate cross-border transactions from UK and Europe to Africa: https://blog.coincorner.com/coincorner-partners-with-bitnob-to-facilitate-cross-border-transactions-from-uk-and-europe-to-3c5b6f059622
- World Bank Open Data: data.worldbank.org
About CoinCorner
CoinCorner is a global leader in Bitcoin and Lightning services. Founded in 2014, with the aim to make Bitcoin easy and accessible to everyone, CoinCorner is trusted by retail consumers and businesses around the world. For more information, visit www.coincorner.com.
About Pouch
Pouch is the first and only Lightning Service Provider in the Philippines, connecting the Lightning Network to the traditional payment systems within the country for faster and more affordable remittances & digital payments. Visit pouch.ph for more information.
Media contact(s)
CoinCorner
Molly Spiers
Head of Marketing & Communications
molly@coincorner.com
Pouch
hello@pouch.ph
