UPDATE: Coins.ph, the Philippines’ top licensed crypto platform, is launching an urgent nationwide educational initiative aimed at helping millions of Filipinos save on remittance costs. This campaign, set to run from late 2025 through the second quarter of 2026, is targeting key regions with high concentrations of Overseas Filipino Workers (OFWs), including Metro Manila, CALABARZON, and Central Luzon.
This initiative comes on the heels of the successful integration of the Polkadot Asset Hub, which significantly enhances Coins.ph’s cross-border transaction capabilities. Users can now send, receive, and transfer popular stablecoins like USDT and USDC with greater speed and lower costs, making it a game-changer for those relying on remittances.
Coins.ph is set to roll out comprehensive educational programs on remittances and payments, coupled with a Polkadot Stablecoin Adoption Program that includes a one-time reward for first-time users. This strategic push is designed to empower Filipinos to leverage stablecoin technology for more efficient and cost-effective financial transactions.
Nicolas Arevalo, CEO of Velocity Labs and a key contributor to Polkadot, emphasized the significance of this collaboration:
“Our partnership with Coins.ph is a clear demonstration of how Polkadot’s unique Web3 infrastructure can deliver tangible, real-world impact. We are thrilled to expand access for the Philippine market to fast, reliable stablecoin transfers, supporting financial inclusion for millions.”
The integration of the Polkadot Asset Hub allows users to simply select the Polkadot network when making deposits or withdrawals, delivering a smoother experience with reduced fees and quicker transaction finality. This advancement not only facilitates basic transfers but also opens access to Polkadot’s rapidly expanding Web3 ecosystem.
As this initiative unfolds, it is expected to bolster financial literacy and inclusion among Filipinos, especially those abroad who rely heavily on remittances. The educational campaign aims to demystify stablecoins and blockchain technology, making them accessible to a broader audience.
For ongoing updates about the Polkadot Stablecoin Adoption Program and Coins.ph’s educational activities, visit www.coins.ph and follow their official Facebook page at https://www.coins.ph/en-ph.
This proactive approach by Coins.ph highlights a critical shift towards embracing digital finance solutions, addressing the pressing needs of millions of Filipinos and ensuring they can take advantage of modern financial tools. With the growing adoption of stablecoins, this educational drive is more relevant than ever, promising to transform the remittance landscape in the Philippines.
