Five Million Users reached by Philippines’ Crypto Wallet

Philippines’ Coins.ph reported it reached an immense 5 million users this week for its mobile payments application and hot crypto wallet
31 May 2018   558

The company also declared it is going to add 2 new popular coins: bitcoin cash (BCH) and ether (ETH). 

We are excited and proud to provide 5 million customers with access to financial services. Our focus on creating financial inclusion to all Filipinos has propelled our growth to date. Millions of our customers have already used Coins.ph’s web and mobile apps to access a wide array of financial services, including buying load, paying bills, topping up their beep™ card, and purchasing digital currencies, all without needing a bank account.
Ron Hose
CEO, Philippines’ Coins.ph

Large part of the southeast Asian archipelago’s citizens struggle with inadequate economic possibilities and poor financial services. About a half of the Philippines is living on approximately $2 a day, and its central bank, Bagko Sentral ng Pilipinas, expected early last year that 86% of Philippines’ citizens are unbanked and cannot use basic banking services as the folks in the West do every day.

Five million users has come in only 4 years for the firm. It was established by Runar Petursson and Mr. Hose, both Silicon Valley veterans. So, their services are a way for Filipinos to become banked, a potential market of over 300,000 people. In the past 2  years, it has grown a common of $10mil in venture capital funding, indicating investors believe the company to be “on” to something.

Responding to consumer demand for additional blockchain-based services with an eye for future smart contract based financial services, and will also begin supporting Bitcoin Cash (BCH) next month, in an effort to support lower cost blockchain based payments.
Ron Hose
CEO, Philippines’ Coins.ph

The customers of the firm’s platform can receive all the advantages of ever-important remittance services, card top-ups, wallet transfers, paying bills, and even online shopping. 

Bitmain to Invest $3M in Fraud-Fighting Startup

The tribeOS platform runs on Bitcoin Cash blockchain and specializes in developing solutions to counter fraud in the advertising business
09 August 2018   164

The Chinese manufacturer of mining equipment Bitmain invested $ 3 million in the tribeOS startup.

The tribeOS platform runs on Bitcoin Cash blockchain. Startup specializes in developing solutions to counter fraud in the advertising business.

It is known that advertisers annually lose about $ 19 billion due to falsifications of statistical data and traffic.

As the developers stated, the automated digital media market with solutions from tribeOS will start operating in 2019.

Also, tribeOS, together with the Bermuda Business Development Agency
intends to create a FIRE token with the help of Bitcoin Cash. Among the startup advisors is the ardent supporter of the Bitcoin Cash fork, Roger Ver and the senior software engineer at Coinbase, Josh Ellitorp.