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Ripple Partners with 5-Mln-User Philippines Platform, XRP trials underway

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Fri, 08/10/2018 - 09:35
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Yuri Molchan
A Philippines financial services platform adds XRP as payment option
Ripple Partners with 5-Mln-User Philippines Platform, XRP trials underway
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Philippines-based Coins.ph Blockchain startup emerged from the Silicon Valley back in 2014. They enable 2p2 transfers between wallets, allow paying bills, adding money to mobile phones, buying goods, services online and remittance services.

XRP new partner

In terms of cash delivery, they collaborate with a great number of banks and various payment outlets. The startup utilizes digital coins as a cheap gateway to banking, allowing over 300 mln users who have no access to conventional banking services in the Philippines and the other neighboring Asian regions to access it.

One of the curious Coins.ph services seems to offer 24/7 cardless ATM cash withdrawals that allow users to convert their BTC into fiat at the closest cash machine without paying transaction fees.

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Currently, XRP payment trials are launched with some randomly selected customers but no definite date for the launch of XRP payments for the whole user-base has been set.

Pleased by the news, the XRP community now expects a substantial expansion of the coin’s use.

Recent XRP market behavior

Despite all the new partnerships and other hype around this coin made recently, XRP has not been growing but rather going down along with the rest of the crypto market sinking in red. The situation is similar to that of TRON (TRX).

Some believe that XRP is not a coin, but a centralized security, but nevertheless, this asset takes third place in the top 10 list of coins with a market capitalization of $13,275,601,605 and the current price of $0.337803.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.