|Headquarters||Pasig, Metro Manila, Philippines|
As a service running on blockchain technology, Coins.ph uses digital currency as a low cost gateway to banking, extending the reach of financial institutions beyond their existing branch infrastructure to the 300+ million who are unbanked in the Philippines and the rest of Southeast Asia. In October 2016, Coins.ph secured a $5 mln dollar Series A investment from early-stage investors including Quona Capital, Kickstart Ventures, Ideaspace Foundation and Digital Currency Group. In May 2017, Coins.ph raised $5 million in series A extension led by Naspers Ventures.
Coins.ph has a Thai counterpart as well, coins.in.th, operating in the same manner, but for the Thai market.
Coins.ph provides person-to-person wallet transfers, bill payments, mobile top-ups, online shopping, and remittance services. Its cash delivery network covers tens of thousands of banks, pawnshops, payment outlets, and door-to-door delivery across the region.
Due to its behavior of collaborating with fiat institutions and complementing their operations instead of being touted as a replacement, it has gained acceptance in and out of the country easily.
- "Could the Philippines be Asia's next tech tiger?". bbc.com. 30 May 2014. Retrieved 22 Oct 2018.
- Joseph Young (25 May 2017). "Southeast Asia's Prominent Bitcoin Remittance App Raises $5 Mln". Cointelegraph. Retrieved 22 Oct 2018.
- Russell, Jon (24 May 2017). "Naspers pours $5M into Coins, a fintech startup for Southeast Asia's unbanked population". TechCrunch. Retrieved 22 Oct 2018.
- Melissa Luz T. Lopez (16 Nov 2017). "Coins.ph gets central bank license". Business World. Retrieved 23 Oct 2018.
- Leon Pick (26 Aug 2014). "Coins.ph launches Thailand's 2nd Bitcoin exchange, Coins.co.th". Finance Magnates. Retrieved 23 October 2018.
- Joseph Young (25 August 2016). "3 Major Bitcoin Platforms in Philippines, Efficiency Comparison Test". Cointelegraph. Retrieved 22 Oct 2018.
- Joseph Young (28 Oct 2016). "Bitcoin Powers 20 Percent of Remittances From Korea to Philippines". Coin Telegraph. Retrieved 23 Oct 2018.
- Paul Bischoff (13 Oct 2014). "Coins.ph launches Bitcoin wallet tailored for emerging markets". Tech in Asia. Retrieved 23 October 2018.
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