Nationwide crypto exchange services rolls out

Published August 1, 2022, 12:00 PM

by Len Amadora

Moneybees, a BSP-certified Virtual Asset Service Provider (VASP) and the first Cryptocurrency over-the-counter service in the Philippines, has partnered with ACM Business Solution Inc. to roll out crypto buy and sell services through its GoVIP centers. ACM Business Solution Inc., a web-based business solutions, has been providing the underserved and unserved population access to Financial Services since 2014. In 2021, ACM launched the GoVIPCenter, the backbone of every VIP outlet where drop off points and microinsurances were introduced.

The partnership with ACM widens Moneybees’ reach nationwide with recently opened GoVIP branches in Davao City, in Bato, Camarines Sur, and in Orani, Bataan. Moneybees plans to continually roll out their OTC crypto transaction services with more GoVIP outlets in key cities nationwide. By the end of 2022, they plan to integrate its buy and sell services with GoVIP’s app, GoVIPx.

Traders and investors can choose from hundreds of cryptos to buy and sell, including bitcoin (BTC), ethereum (ETH), USD Tether (USDT), and Smooth Love Potion (SLP). Each client can also easily buy and sell up to P5,000,000 daily.

Crypto holders can buy and sell their crypto to Moneybees using almost any crypto wallet or crypto exchange account they prefer such as, Coinbase, PDax, Metamask, Binance, Electrum, Trust Wallet, and Exodus among others.

With the increasing number of Filipino users, Moneybees mission is to make crypto more accessible by providing a familiar and secure way of buying and selling via OTC transactions. “With GoVIPCenter’s relentless pursuit of improving the lives of Filipinos and making the exchange between currencies and digital currencies more accessible to many, our aim is to extend Moneybees’ services nationwide to enable traders to buy and sell digital assets. This partnership with Moneybees expands GoVIPCenter’s offering while cementing its leadership as a one-stop shop for financial services,” ACM Business Solution Inc. Business Development Unit Head Guia Ana Malimban said.

Moneybees Forex Corporation is registered with the Bangko Sentral ng Pilipinas (BSP) and with the Anti Money Laundering Council (AMLC) as VASP.

Moneybees only partners with government-licensed remittance centers and money changers to facilitate transactions. It aims to grow its services nationwide by partnering with more outlets in major cities to expand its footprint in the Philippines.

To view the locations of Moneybees outlets, interested customers can refer to this link: