The cryptocurrency market has shown signs of recovery, and Coins.ph is preparing for a potential comeback. The company has announced its plans to expand into Europe and Latin America, citing the acquisition of licenses in various regions around the world, including Australia and Africa.
While the timeline for the expansion has not been specifically mentioned, the move is expected to make it easier for Filipinos in those regions to send money back to their families in the Philippines. Users can deposit money into the Coins app, convert it into various assets, and seamlessly send it to their loved ones, with the potential for near instant transfers depending on blockchain activity.
Coins.ph CEO Wei Zhou expressed the company’s commitment to redefining borders and delivering regulated digital asset services globally. Additionally, Coins will integrate the Solana blockchain to bridge projects and assets built on Solana, furthering their vision of bridging the gap between traditional fiat currency and the digital asset economy.