Western Union to Join Forces With Coins.ph

Philippines now able to send money to cryptocurrency wallets using Western Union
09 April 2019   349

Western Union, a popular money transfer service, has entered into a partnership agreement with Coins.ph, the leading bitcoin company in the Philippines, through which residents of this Asian country can receive money transfers to their cryptocurrency wallets.

As noted in the press release, the Coins.ph user base has more than 5 million people, while the number of Filipinos who work outside the country and regularly face the need to send remittances home is about 10 million people. The new service will offer “quick and convenient access to remittances in urban and remote underserved areas”.

There are many overseas Filipino workers who send money back home regularly and are always looking for additional remittance options that will make it most convenient for their loved ones to receive money. By pairing Coins.ph’s payments technology with Western Union’s expansive global network, we are giving Filipinos a seamless choice to receive money digitally, on the go. There are an estimated 10 million1 Filipinos working or residing overseas. With this collaboration, we are proud to serve their families back home with even easier access to our suite of services and maximize positive impact on communities in the country.
 

Ron Hose

Co-founder and CEO, Coins.ph

The report notes that after verification, users will be able to receive monthly transfers in the amount of 100 thousand Filipino pesos (about USD $ 1 907).

 Coins.ph is one of the oldest services in the Bitcoin ecosystem. At the end of 2014, the company offered its users an “instant transfer” service, which allowed them to withdraw funds sent from 450 ATMs across the country.

Casa to Launch Lightning Node Mobile App Called Sats

Casa to Launch Sats App With Lightning Network Support
04 July 2019   933

Casa startup, specializing in the creation of secure storage systems for private keys, introduced a mobile bitcoin application Sats App, which makes it easy to manage Lightning-node.

Sats App is positioned as a non-custodial bitcoin wallet "with unique functions." According to Casa CEO Jeremy Welch, the SatsBack reward program will soon be launched, under which users will receive small amounts in BTC. For example, for connecting an application and a Casa Node device to each other, the user will receive 20,000 Satoshi.

Features are focused on increasing adoption of bitcoin and lightning nodes. You will be able to earn bitcoin if you don’t have a Casa node, but you will be able to earn bitcoin faster if you have a node.
 

Jeremy Welch 

CEO, Casa

He also added that the application, available for iOS and Android, is “secure, private and connects via Tor”.

According to CoinDesk, the startup earlier raised $ 3.5 million from Castle Island Ventures, Boost VC and Compound, and several other investors. Currently, a startup staff of 25 people serves users from 60 countries.