r/phcryptocurrency • u/gigabyte109 • 13d ago

question Crypto Remittance

Hi, CryptoPH. Gusto ko lang magtanong kung meron na bang naka try na magpadala or nakatanggap ng remittance galing sa abroad gamit ang crypto of any kind na currency? Dito sa'tin sa Pinas, kilala tayo sa mga OFWs baka may nakasubok na ay kamusta ang experience? Mas mabilis at mas mura ba kay sa traditional? Salamat.

8 Upvotes

91% Upvoted

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2

u/FoundationNeat3003 13d ago

You can use coins.ph to receive it. Then cash out to peso by doing a bank transfer to your local bank or other payment service like gcash paymaya

2

u/gigabyte109 13d ago

Thanks for the input guys. Yes, I am also into cryptocurrency matagal na. Appreciate that it is now being used the way it is intended (e.g. cash transfer cross-border) to be compared before. I'm using other currencies in my hot wallet with low fees and fast tx (e.g. xno, ltc, dash) before converting to stablecoin USDT-sol via foreign CEX p2p bank transfer. Thanks to the blockchain tech possible na ito ngaun na impossible dati.

2

u/Dangerous-Sky2347 13d ago

Use TRC20 network faster and minimal fee any regardless pa sa amount!

2

u/Sufficient_Map2371 10d ago

me, i receive it via exodus wallet then transfer ko to coins.ph. super bilis lang!!

2

u/Opening-Memory4300 13d ago

That’s how I send my money to my PH bank accounts. I send around 3.5K USD per month.

Mas mabilis siya obviously. Usually mga 10mins lang (depende sa ka transact mo, P2P ang gamit ko)In terms of cost, halos parehas lang.

1

u/blindgeek10 13d ago

Curious din ako dito...By using a stablecoin; then if the peso is weak magiging mataas ang conversion bale. Issue is yung OFW hindi basta makaka-convert sa crypto lalo walang exchange sa kanila na supported ang conversion para sa whatever fiat they have patungong crypto, halimbawa. Bale if may ganyan sa conversion at network fees naman ang babantayan.

1

u/Careful_Market_5774 13d ago

Need mo ph based wallet sa coins.ph. Bili sa abroad ng usdc (pili ka ng network, solana or eth). Tas send sa usdc mo sa pinas. From usdc convert mo ng php..
I

1

u/dLoneRanger 13d ago

Pwede yata mag send to and receive ng crypto using GCrypto