The third largest remittance market, The Philippines, receives over $30 Billion per-year primarily pushed by “OFWs” (Abroad Filipino Employees). Whereas primarily pushed by conventional remittances by way of Western Union or different related companies to a “Money Decide-Up counter” within the Philippines, it comes with a mean transaction time of three days and prices 7% in charges. Extra Filipinos are turning to bitcoin pockets apps with conventional rails within the Philippines just like the Cash.ph bitcoin/crypto (shitcoin) pockets, or the newer Pouch.ph lightning pockets.
I am biased because the founding father of Pouch.ph. We launched our banking rails simply 3 months in the past and final month we processed almost $100,000 USD price of BTC=>PHP remittances. We’re simply now working with regulators within the Philippines — One among our most irritating constraints is the requirement to “KYC” our customers (gather Picture Ids) in order that they will take part in digital finance — whereas half of the inhabitants doesn’t also have a legitimate ID!!
To work round this, we’ve got simply launched our “Pouch Lite” characteristic (which works very equally to Pockets of Satoshi) in order that we will proceed to help remittances to these with out govt-issued IDs.
⚡Strive the Lightning Community & get a “@pouch.ph” lightning deal with, by utilizing Pouch Lite with No KYC:
⚡iOS: https://apps.apple.com/us/app/pouch-borderless-payments/id1584404678
⚡Android: https://play.google.com/retailer/apps/particulars?id=pouch.ph
⚡Connect with our node: https://amboss.house/node/02343c19a39dd11cfc6f7571f36213dd52fb70ee45ee4074913d43891fb59579b5
⚡Go to our Bitcoin Island neighborhood the place almost 100+ motels/eating places/and so forth settle for bitcoin/lightning in a concentrated space within the Philippine Island of Boracay: https://www.google.com/maps/d/u/0/viewer?mid=1RhAWjyThRscnQrkjHhYNR0T3-PAM0k8&hl=en_US&ll=11.969233725052172percent2C121.93207172564215&z=14
(Should you’re desirous about coming to Bitcoin Island be happy to drop a notice to outreach@pouch.ph)
⚡As at all times, do not belief custodians with any vital amount of cash, particularly unlicensed ones like ourselves, self-custody, run your personal node, and let’s all repair the cash collectively. Cheers ⚡
