Bitcoin Firm Enables Remittance Withdrawals at 450 Philippine Bank ATMs

Posted By on December 18, 2014

Philippine bitcoin exchange and remittance service Coins.ph has added an ‘instant’ remittance’ service to its list of options, allowing recipients to withdraw sent funds directly from a bank ATM.

Using the company’s mobile app, customers anywhere in the world can deposit cash via a bitcoin ATM and have a friend or relative collect it instantly from a bank machine. Money can also be sent directly from bitcoin balances in Coins.ph web wallets.

To make this possible, Coins.ph has integrated with the eGiveCash service operated by the Philippines’ Security Bank. Anyone receiving money via this service can withdraw cash from one of bank’s network of 450 ATMs countrywide, without the need for an ATM card or a bank account. [full story…]