Pawnshops in PH handle crypto remittance during COVID

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Early in April, Leah Callon-Butler of Emfarsis wrote a piece for Coindesk, one of the most globally recognised crypto publications about the state of remittances in the Philippines during the COVID-19 crisis with a particular focus on crypto currency. You can read the full article here: Filipino Pawnshops Bank on Crypto Remittances During Crisis

Leah spoke to Miguel Cuneta from Satoshi Citadel Industries (SCI) about their remittance product Rebit to learn more about the funds transfer habit of Filipinos.

A large part of the Philippines money remittance network is the pawnshop network with companies such as Cebuana Lhuillier who handle the last mile of fulfillment, actually providing the cash to the end recipient.

Leah recounts her personal experience in receiving and collecting 500PHP from Miguel at her local Cebuana outlet during the enhanced community quarantine.

The articles finishes with a review of Cebuana’s recent investments into the blockchain space and comparing that to UBX’s efforts to unite the rural Philippines bank via their i2i product.

Read the full article here:
Filipino Pawnshops Bank on Crypto Remittances During Crisis
Published: CoinDesk by Leah Callon-Butler (Apr 14, 2020)