MANILA, Philippines, Aug.23, 2022 /PRNewswire/ — Coins.ph (“Coins” or the “Company”), the Philippines’ leading digital wallet provider and crypto exchange platform, and Asian Net Co., Ltd., a money transfer company in Japan operating under the brand name of OK Remit, have jointly launched the On-Demand Liquidity (ODL) service on RippleNet to enable instant, low-cost cross-border payments from Japan to the Philippines. RippleNet is the global payments network of Ripple, the leader in enterprise blockchain and cryptocurrency solutions.
Many people from the Philippines move to Japan to seek better wages so they can send money back home to their families. The estimated number of Philippine citizens residing in Japan is approximately 276,615 as of December 2021. So this is definitely providing vast utility for many hard working people.
Quotes from Coins.ph CEO Wei Zhou in the press release:
“Today’s announcement is a game-changer for the more than 300,000 Filipinos living in Japan”
“Overseas Filipino Workers are too often forced to rely on outdated, slow-moving and expensive remittance services to transfer their hard-earned money back home. Coins.ph is committed to harnessing the power of blockchain-based cryptocurrency technologies to empower Filipinos to move money across borders in a fast, frictionless, secure, compliant and affordable way, making the global currency transfer system more inclusive in the process. The ODL service we launched today with OK Remit is an exciting example of how we can achieve that.“
The power of XRP truly changes lives.
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