- Philippines is taking to building more and more OTC outlets
- Moneybee is the main backing support for this project
- The upcoming aim of the company is to accommodate more and more customers to answer all their questions; as per the CEO
OTC services of crypto on Moneybees have led to the opening of 3 new outlets this month in the Philippines. Moneybees aim is to boost local, day-to-day transactions of BTC and ETH with the start of the outlets of crypto. The outlets have the ability to accommodate the present increasing demand and need for over-the-counter (OTC) transactions. This announcement was positively followed by a fruitful partnership procedure with Tivoli Money Exchange, a money changer service.
This shows us how much interest the Philippines has in the growing market of cryptocurrencies and its take on building this market in their country. Moneybees are supporting the entire procedure. They have successfully built three working outlets of OTC in the Philippines. The accommodation ability of the firm or outlets shows positive outcomes.
Increasing interest of the Philippines in Digitized currencies
The Central Bank of the Philippines, Bangko Sentral ng Pilipinas, mentioned that the country has been witnessing a huge rise in interest in digitized currencies, to facilitate payments and remittances along with all other modes and methods of transactions. The transactions are solely associated with digital currencies in particular. Until the first half of 2020, 59 billion amounted transactions have been successfully addressed and solved by the country of the Philippines. The CEO of Moneybees, Paulo del Puerto, has mentioned that with the continuously growing demands of crypto investments and trading, he said that Moneybees’ main focus is on facilitating the transaction volume of 2 billion pesos in 2021.
Service of the company to its customers
Moneybees has been aiming at starting nearly 100 outlets from just four presently existing Tivoli outlets in this year of 2021. The working of these outlets will involve controlling these growing demands of OTC’s among the users of Filipino crypto users. The company is also aiming to open more outlets to accommodate more customers. They are planning to begin opening these in malls all around the Philippines and have taken to collaborating with the important marketing players.
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