The entire crypto landscape is like a piece of paper. Last year, it felt like paper soaked in rainwater on a busy street or mauled by a grizzly bear. But surprisingly, the small pieces that remained intact now show signs of life. Depending on who you ask, it might be on the verge of making a big comeback.
Setting themselves for that day, should it come, is Coins.ph. They had unveiled plans to expand to Europe and Latin America. According to Coins, their expansion is due to the fast acquisition of licenses in regions across the world. Aside from the places mentioned, Coins said they have secured licenses in Australia and Africa.
They have not specifically said when they will expand into those regions, but it should make it easier for Filipinos there to send money to family here. People can deposit money into the Coins app and then convert them into any of the available assets, perhaps preferably into a stablecoin like USDC, and then send them with ease. The receiver should get them within a couple of minutes, depending on how busy the blockchain is.
“At Coins.ph, we're not merely crossing borders, we're redefining them. By securing licenses across various continents, we uphold our pioneering spirit in delivering regulated and compliant digital asset services, a legacy we've proudly established in the Philippines," said Coins.ph CEO Wei Zhou.
Coins will also integrate the Solana blockchain, one of the largest blockchains, which would bridge projects and assets built on Solana.
“Our vision as we expand globally is to bridge the gap between the fiat world and the emerging digital asset economy,” said Zhou. “We do this by creating easy on and off-ramps and simplifying access to innovation so that every individual and business anywhere in the world can participate and thrive through safe and secure digital asset services by Coins.”