Coins.ph USDC ترسیلات کے لیے Circle کے ساتھ شراکت دار ہے۔

Coins.ph USDC ترسیلات کے لیے Circle کے ساتھ شراکت دار ہے۔

Coins.ph partners with Circle for USDC remittances PlatoBlockchain Data Intelligence. Vertical Search. Ai.

Coins.ph, a cryptocurrency exchange based in the Philippines, has partnered with USDC stablecoin issuer Circle Internet Financial to promote the use of USDC remittances for international money transfers.

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  • “Coins.ph’s partnership with Circle aims to show how USDC can provide a faster, lower-cost, and more accessible remittance option for our 18 million Filipino users and their families and loved ones abroad,” said Coins.ph Chief Executive Officer Wei Zhou in a press release on Tuesday.
  • According to the Bangko Sentral ng Pilipinas (BSP), the country’s central bank, ترسیلات from overseas Filipino workers continue to be a vital contributor to the Philippines’ economy. In 2022, BSP recorded US$36.1 billion in remittance flows.
  • The Philippines is the fourth largest recipient of remittances in the world. 
  • “By making cross-border transactions near real-time and dramatically reducing transaction costs, we support the United Nations’ Sustainable Development Goal of reducing to less than 3% the transaction cost of migrant remittances by 2023,” said Raagulan Pathy, Circle’s vice president for Asia-Pacific. 

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