Coins.ph Allows 5 Million Users To Pay Bill In Cryptocurrencies
South East Asia has been catching up with the western world in crypto adoption. This narrative continues with a new development coming out of Philippines.
Coins.ph is a Philippines based cryptocurrency payment website that allows Filipinos to pay their domestic and household bills by using cryptocurrencies. Until now, payments could be made in Bitcoin, Bitcoin Cash, and Ethereum, giving Coins 5 million customers access to some FIAT-alternative payment methods.
Now, with the announcement of an XRP listing, these customers have access to an XRP payment system that will allow domestic and household bills to be settled in the XRP currency, creating a more transparent service and allowing for customers with more versatile portfolios to join the community.
The company has rolled out XRP integration to a limited number of randomly selected participants. A number of these trial users have posted screenshots of their Coins.ph XRP wallets on Twitter. XRP will be one of the wallets immediately found on the app’s dashboard, and users can freely swipe between the other wallets, including the PHP wallet.
The community has a reason to rejoice since this comes as big news as far as the crypto's adoption is concerned. Not just because of this but also because holders collectively transferred XRP worth millions of dollars and started spending on everyday items after payment with Wirex Visa card became available.
If people can see there’s already a tried and tested a way to pay bills in XRP, or Bitcoin, or any cryptocurrency, they are more likely to try it out for themselves and thus, the chance of adoption is increased.
Notably, Ripple is in desperate need of good publicity as the XRP has been attracting a lot of bad press lately because of its falling prices and looming lawsuits.