CoinCorner Explands Remittance Service to Transfer Funds via Bitcoin

coin corner has added Philippines support to its Send Globally service, allowing customers in the UK and Europe to send funds to the Philippines using Bitcoin and the Lightning Network.

in a new partnership with PouchSend Globally allows users using British Pounds (GBP) or Euros (EUR) to freely and instantly send funds to family and friends in the Philippines. Bitcoin Lightning Network, A local bank account or mobile money wallet that starts in GBP or EUR and ends in Philippine Pesos (PHP).

This follows CoinCorner’s recent partnership announcement. bit knobmake it easy cross-border trade From England and Europe to Africa.

Bitcoin power

When CoinCorner customers use Send Globally to transfer funds to the Philippines, the pounds are automatically converted to Bitcoin (BTC) and sent over the Lightning Network. When BTC is received in Pouch, it is immediately converted to PHP and the recipient receives the funds directly into their bank account or mobile her money wallet.

coin corner CEO Danny Scott said: With more than £2 billion of his money transferred from the UK and Europe to the Philippines every year, this is another of his demonstrations of the power of Bitcoin in instant and low-cost transactions through his Lightning network. It’s a great opportunity. “

Ethan Rose, CEO of Pouch said: Pouch and he are very pleased to announce the CoinCorner partnership. This greatly simplifies the experience for the sender user while maximizing the utility of Lightning. ”

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