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Manila Bulletin

Technews

Coins.ph now offers cash outs at Palawan Pawnshop

Technews

Coins.ph now offers cash outs at Palawan Pawnshop

By Jonathan Castillo

OTC Cash Out_PR Banner_1.png

Good news for Coins.ph users. They can now cash out at Palawan Pawnshop!

As a key player in remittance services, Palawan Pawnshop has a vast network of branches for easy pick-up.

Palawan Pawnshop now allows sending remittances using stablecoins and cryptocurrency. Filipinos abroad can send stablecoins or any type of cryptocurrency that is available through Coins.ph to their families back in the Philippines in their Coins.ph accounts. This is great news for Filipinos abroad as sending money home just got easier.

It should be noted that transferring cryptocurrencies has fees, which fluctuate depending on network traffic.

“We are excited to grow our cash out services through the partnership with Dragonpay. This reflects our commitment to making financial services accessible to all Filipinos. By offering OTC cash out at Palawan branches, we’re helping families, especially those dependent on remittances, to conveniently access funds,” said Jen Bilango, country manager of Coins.ph.

“Coins.ph has been a partner of Dragonpay since 2014. United by our commitment to enhancing financial inclusion for Filipinos, our latest collaboration enables Coins.ph users to cash out at select Palawan Pawnshop branches, totaling more than 3,000 nationwide. We look forward to more collaborations with Coins.ph that will significantly contribute to the financial ecosystem in the country,” said Dragonpay CEO and Founder Robertson Chiang.

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