CoopPay makes Philippine co-operatives instantly global. This is what excites us the most. This used to be the stuff of dreams—that is, until bitcoin's Lightning Network came along!
June 27, 2023:
- Pouch.ph’s new feature: Pouch.ph, the lightning payment operator in the Philippines, has introduced its latest app feature “Send Globally” to facilitate instant, low-cost, and safe money transfers from the Philippines to any bank account in the United States.
- How “Send Globally” works: Pouch.ph’s customers, including expats in the Philippines, can send Philippine peso to the United States via Pouch’s “Send Globally” feature. The funds will be paid out as U.S. dollars to the recipient’s United States bank account. The transactions take only 0 to three days instead of weeks and have competitive rates.
- Pouch.ph’s mission and vision: Pouch.ph strives to improve cross-border payments and make digital finance more inclusive for all. The platform allows users to send and receive payments across borders via the Bitcoin lightning network, which boosts financial inclusion and the efficiency of cross-border payments. Pouch.ph is also partnered with global digital payments like Strike, CoinCorner, and NeutronPay. Pouch.ph intends to continue to expand into more markets and leverage integrations with international partners.
We can use any Lightning wallet because CoopPay uses its open protocol. This superb video by the brilliant Joe Nakamoto illustrates the same problems and issues with remittance. He talks about a different country, but it's almost as if he's talking about the Philippines!
May 15, 2023:
Follow all exciting developments here: https://www.chat.coop/tag/coopay/