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The original was posted on /r/nanocurrency by /u/yap-rai on 2025-04-23 06:45:57+00:00.
Coins.ph, the Philippines' leading crypto exchange, announced its integration of Nano, a decentralised, sustainable and secure digital money that addresses the inefficiencies in existing financial systems, into its growing suite of financial services.
Through this partnership, users can send Nano ($XNO) to friends and family who may use it for everyday payments, peer-to-peer transfers, micropayments, bill payments and remittances at zero cost and without delays.
This addition comes at a critical time as remittance flows to the Philippines reached approximately $38 billion in 2024, representing over 9% of the country's GDP. With traditional remittance channels charging an average of 5.8% in fees, Filipino overseas workers are losing an estimated ₱16.9 billion annually to transaction costs.
"Our partnership with Nano represents our commitment to financial inclusion and our mission to reduce the financial burden of Filipinos sending money, especially those based abroad," said Wei Zhou, CEO of Coins.ph. "With a growing number of Filipinos and households relying on international remittances, the need for affordable, instant payment solutions has never been greater."
About Coins.ph Founded in 2014, Coins.ph is a regulated e-wallet that provides financial services for consumers and businesses, including cryptocurrency trading, remittances, bill payments, and more. The platform is licensed by the Bangko Sentral ng Pilipinas and follows strict security and compliance standards.
Read more about the bill payments here