Home Technology Moneybees and Tambunting Collaborate to Expand OTC Crypto Services

Moneybees and Tambunting Collaborate to Expand OTC Crypto Services

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Moneybees and Tambunting Collaborate to Expand OTC Crypto Services

To make cryptocurrency transactions more accessible to Filipinos, silver bees has partnered with the domestic pawnshop brand Tambunting to be one of its partner outlets offering crypto buying and selling services.

Moneybees has enabled crypto exchange services at 10 selected Tambunting branches in Metro Manila to begin with. There are over 1,200 Tambunting branches nationwide. With Moneybees, customers can buy or withdraw crypto from any wallet, such as Metamask, Binance, PDax, and Trust Wallet, among others. Transaction limits are up to P5,000,000 in a day.

“The landscape of the money services industry has evolved over time, shifting from the traditional to the digital way of doing things. The tastes and preferences of our customers have also changed. Our business sees the need to keep pace and learn to adapt to changes, otherwise we won’t be able to continue as a business. We need to cross-sell and add more products and services,” Nora Daileg, Tambunting’s chief compliance officer, said.

Tambunting Director and Corporate Secretary Ramon C. Tambunting and Moneybees Chairman Jay Ricky R. Villarante shake hands after signing the partnership agreement streamlining over-the-counter crypto transactions in the country.

“Since this is the era of cryptos, we want to expand our market and meet the needs of Gen Z and Millennials who are buy massively cryptos. We see this as an opportunity to increase our revenue and be able to expand our market,” Daileg added.

Moneybees is the first over-the-counter cryptocurrency service in the Philippines, founded in 2017, making exchanging between fiat and virtual currencies more accessible to many. They provide the technology to money services businesses with physical outlets to accept and facilitate cryptocurrency transactions in their stores without the risk of market volatility.

“It’s a game-changing opportunity to partner with a trusted institution like Tambunting, which has been in the industry and trusted by Filipino families for over a century. The crypto ecosystem is at a stage of critical growth, and we are committed to helping accelerate its trajectory by providing an easy and secure way to buy and sell crypto via OTC,” said Moneybees CEO Paulo Del Puerto.

Moneybees Forex Corporation is duly registered with the Bangko Sentral ng Pilipinas (BSP) and with the Anti Money Laundering Council (AMLC) as a Virtual Asset Service Provider (VASP).

Besides Tambunting, Moneybees’ partner OTC outlets are BSP-licensed money changers, money transfer agents and pawnbrokers that can be found in strategic locations such as malls, casinos and malls. business. It aims to expand its services nationwide by partnering with more outlets in major cities to expand its footprint in the Philippines.

To see the locations of Moneybees outlets, interested customers can refer to this link: https://www.moneybees.ph/outlets.

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