Philippine bitcoin exchange and remittance service Coins.ph has included an ‘instant’ remittance’ service to its list of options, enabling recipients to withdraw sent funds directly from a bank ATM.
Using the company’s mobile app, customers throughout the world can deposit cash through a bitcoin ATM and have a buddy or relative collect it quickly from a bank device. Money can likewise be sent out directly from bitcoin balances in Coins.ph web wallets.
To make this possible, Coins.ph has actually incorporated with the eGiveCash service operated by the Philippines’ Security Bank. Anyone receiving cash via this service can withdraw money from one of bank’s network of 450 ATMs countrywide, without the need for a BANK CARD or a bank account.Continue reading at CoinDesk CoinDesk