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Why Bitcoin works for remittances—a Q&A with Coins.ph Ron Hose

Coins.ph CEO Ron Hose

Entrepreneurs in the Philippines are exploring the potential of Bitcoin in improving payments structures. Perhaps the most well known startup is Coins.ph, a Bitcoin exchange service and merchant processor that has inked two deals with major local merchants.

Posted: July 8th, 2014 in Latest Global Nation Stories | Read More »

Improve legal mechanisms instead of imposing forced remittance – consul general

Dubai Consul General Frank Cimafranca does not see the need for a bill that will require OFWs to remit a portion of their earnings to their family or relatives back in the Philippines. PHOTO/ MATIKAS SANTOS, INQUIRER.net

A pending “forced remittance” bill at the House of Representatives is unnecessary and runs the risk of affecting the majority of Overseas Filipino Workers (OFWs) who are diligent in supporting their relatives and families back in the Philippines.

Posted: March 30th, 2014 in Features,Latest Global Nation Stories,Middle East & Africa | Read More »

OFW remittances rose 5.9% to $1.8B in January — BSP


Money transfers by migrants rose faster than expected in January amid strong demand for Filipino labor and as workers sent home more cash to fund the reconstruction of areas affected by typhoon “Yolanda” (Haiyan).

Posted: March 17th, 2014 in Latest Global Nation Stories | Read More »

Will Zero Remittance Day be effective?


Protests against corruption in the Philippines erupted last month over a pork-barrel scandal, in which a wealthy businesswoman allegedly colluded with high-ranking government officials to siphon off P10 billion ($233 million) from public coffers.

Posted: September 20th, 2013 in Latest Global Nation Stories | Read More »

TFC’s myRemit maintains outreach gains


Money transfer service myREMIT, which offers phone, online and over-the-counter remittance services through partner outlets, is keeping up its successful effort to reach more Filipinos in the United States.

Posted: August 2nd, 2013 in Features,Latest Global Nation Stories,Philippines | Read More »