{"id":172156,"date":"2023-10-11T16:08:35","date_gmt":"2023-10-11T10:38:35","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=172156"},"modified":"2023-10-11T16:08:35","modified_gmt":"2023-10-11T10:38:35","slug":"coins-ph-partners-with-circle-for-usdc-remittances-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/coins-ph-partners-with-circle-for-usdc-remittances-crypto-news\/","title":{"rendered":"Coins.ph partners with Circle for USDC remittances &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>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.<\/p>\n<p><strong><em>See related article: <\/em><\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/ripple-sbi-remit-coinsph-japan-philippines\/\"><em>Ripple partners with SBI Remit, Coins.ph to use XRP for Japan-Philippines remittances<\/em><\/a><\/p>\n<ul>\n<li>\u201cCoins.ph\u2019s 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,\u201d said Coins.ph Chief Executive Officer Wei Zhou in a press release on Tuesday.<\/li>\n<li>According to the Bangko Sentral ng Pilipinas (BSP), the country\u2019s central bank, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bsp.gov.ph\/SitePages\/MediaAndResearch\/MediaDisp.aspx?ItemId=6617&amp;fbclid=IwAR00APGgILCyd98_TpPbr3vvJzdR4GdApaqBRd3oQ_vh_x9Zpz-6TacJDXU\">remittances<\/a> from overseas Filipino workers continue to be a vital contributor to the Philippines\u2019 economy. In 2022, BSP recorded US$36.1 billion in remittance flows.<\/li>\n<li>The Philippines is the fourth largest recipient of remittances in the world.\u00a0<\/li>\n<\/ul>\n<ul>\n<li>\u201cBy making cross-border transactions near real-time and dramatically reducing transaction costs, we support the United Nations\u2019 Sustainable Development Goal of reducing to less than 3% the transaction cost of migrant remittances by 2023,\u201d said Raagulan Pathy, Circle\u2019s vice president for Asia-Pacific.\u00a0<\/li>\n<\/ul>\n<p><strong><em>See related article: <\/em><\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/coinbase-equity-stake-circle-usdc\/\"><em>Coinbase buys equity stake in Circle<\/em><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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. See related article: Ripple partners with SBI Remit, Coins.ph to use XRP for Japan-Philippines remittances \u201cCoins.ph\u2019s partnership with Circle aims to show how USDC can provide a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":172157,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-172156","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/172156","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=172156"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/172156\/revisions"}],"predecessor-version":[{"id":172159,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/172156\/revisions\/172159"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/172157"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=172156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=172156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=172156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}