Coinbase, a trusted cryptocurrency exchange, is now accepting MoneyBee’s crypto payments in the Philippines and in other regions where Moneybee is available.
Filipinos can now cash in crypto without fees through Moneybees OTC Outlets – Press release Bitcoin News.
As the crypto ecosystem evolves, markets are becoming increasingly multi-sided. While the traditional cryptocurrency exchanges are still the most popular platforms for trading Bitcoin and Ethereum, many new players are entering the market and offering additional solutions. One of the new players is Moneybees, a platform that provides OTC service for Bitcoin and altcoins, in addition to the traditional markets.Press release PRESS RELEASE. With the growing adoption of cryptocurrencies in the Philippines, Filipino users are looking for ways to convert their digital assets into cash at an affordable price. The Philippine central bank recorded P76 billion ($1.5 billion) in transactions settled through local virtual currency exchanges (VCEs) in 2020, five times the transaction volume of 2019. Moneybees, a pioneering OTC crypto-currency exchange in the Philippines, is changing the face of crypto-currency trading by enabling OTC and online transactions to exchange cash and crypto-currencies more conveniently on-site. With Moneybees, cryptocurrency holders can convert their digital assets into cash at no cost and receive the money within 10 minutes. What is Moneybees? With Moneybees, you can buy and sell major cryptocurrencies like bitcoin and altcoins like Ethereum, USDT, Chainlink, Uniswap and others on Moneybees’ government-approved partner sites without having to go through an online exchange. Moneybees is a big advantage:
- Foreigners who don’t need to open an online exchange office in the Philippines to get their bitcoins paid out.
- Online merchants using exchanges that do not have PHP input/output capabilities. OTC trading is also ideal for inexperienced traders who want to trade with a real person to build trust.
- Remittances from overseas Filipino workers have often been a major problem for OFWs. Crypto-currencies, such as. B. Bitcoin makes it easy to send money to loved ones by eliminating high transaction fees. Because of its flexibility and accessibility, it has been used by OFWs, local recipients and resellers.
If you are an OFW, you can create a wallet for cryptocurrencies and buy and store cryptocurrencies there. You can then send that cryptocurrency to your loved one’s crypto-currency wallet. Their loved ones can then exchange the cryptocurrency for cash at any of Moneybees OTC offices in Metro Manila. Transactions from wallet to wallet and bank to bank : Moneybees facilitates the exchange of cryptocurrencies and Philippine pesos (PHP) CRYPTO FOR SALE: You make the payment, Moneybees sends the crypto-currencies directly to the crypto-currency wallet of your choice. SELLING CRYPTOCURRENCIES: You send your cryptocurrency to Moneybees and receive your pesos in cash or directly into your bank account. This makes Moneybees the best way to deposit and withdraw money from your crypto currency account. They get rid of the shopping and the hassle. Key features: SIMPLE – Buy and sell virtual currencies as you would in a physical currency trade. SECURE – Conduct face-to-face transactions with Moneybees’ trusted partners to give you peace of mind that your transaction will be complete before you leave the mall and casino stores. COMPLIANCE – Moneybees only works with government licensed companies to ensure your transactions are safe and secure. Moneybees is duly registered with the Central Bank of the Philippines and the Anti-Money Laundering Council (AMLC) as a Virtual Currency Exchange Service (VCE) money transfer agent. HIGH LIMIT – Clients have a higher daily limit of up to HUF 5 million ($100,000) per day. Remote buying and selling via the online trading desk With the closure of malls and other non-traditional establishments, Moneybees has opened an online branch to continue serving its loyal customers. You can go to https://www.moneybees.ph/. Find the chat window and send a message to Moneybees customer support. They will allow you to buy and sell cryptocurrencies easily. For example, the proceeds of the sale are sent to your bank (if you sell) or to your preferred cryptocurrency wallet (if you buy). B. Bitcoin.com, Binance wallets and others. You can find us in the following Moneybees branches: Monteal Money Changer Monday to Saturday: 10:00 a.m. to 6:00 p.m. 3/F Venice Grand Canal Mall, Mckinley Hill, Taguig City psulite money changer Monday to Friday: 10 am to 7 pm Saturday, Sunday and public holidays: 10 a.m. to 6 p.m. Unit 11-D ground floor, Intrepid Plaza C-5 corner Eastwood Avenue, Bagumbayan, Quezon City Willyn Villarica Jewels Monday to Saturday: From 11:30 am to 5:45 pm. Sundays and holidays: Closed Cabs 335/336, 3. Stock Exchange, Market, BGC, Taguig Erus Maerd’s Pawnshop and Exchange Wednesday-Saturday: 10:00-9:00 G/F Newport Mall, Resorts World Manila, Pasay City Tivoli Exchange Office – Glorietta Shopping Hours : 10:00 AM – 7:00 PM B1, Glorietta 2, Ayala Center, San Lorenzo Village, Makati City, 1224 Metro Manila Tivoli Exchange Office – Trinoma Shopping Hours : 10:00 AM – 7:00 PM M1, Trinoma, EDSA corner North Avenue, Quezon City, 1105 Metro Manila Tivoli Money Exchange – Okada Manila (VIP Area) Shopping hours: 24 hours. Retail Block A-23, Upper Ground Floor, Okada Manila, New Seaside Dr., Parañaque City, 1701 Metro Manila Learn more about Moneybees – https://www.moneybees.ph/ Follow us on Facebook – https://www.facebook.com/moneybeesofficial/ Found on Instagram – https://www.instagram.com/moneybeesofficial/ This is a press release. Readers should do their own due diligence before taking any action regarding the advertised company or any of its subsidiaries or services. Bitcoin.com shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any such content, goods or services mentioned in the press release. Photo credit: Shutterstock, Pixabay, Wiki CommonsMoneybees is a fast growing company that has just been given a crypto transfer service license from the Bangko Sentral ng Pilipinas (BSP) and is proud to introduce its OTC services which is available in the Philippines. The Philippines joins a few other countries that have approved the service that will allow crypto investors to move their coins out of their exchanges and into Moneybees OTC.. Read more about bloomx and let us know what you think.
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