Crypto Blog
Stablecoin issuer and fintech firm Circle announced a strategic partnership with Philippines-based digital asset provider Coins.ph to improve the existing remittance landscape of the region.
According to the World Bank, the average cost of sending a $200 remittance to the Asia region in 2022 was 5.7%. The situation is even more challenging for the unbanked population in the Philippines, which constituted 44% of the adult population in 2021, as per the country’s central bank.
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