RE: PHPX: Philippine Banks to Launch Peso-Backed Stablecoin
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This is fantastic news for our OFWs! Imagine sending money home quickly and cheaply with PHPX. No more waiting days for transfers to go through or paying hefty fees. It's great that they're focusing on making it easier and more affordable for OFWs to support their families.
The idea of a multi-currency exchange is also really promising. It could make international transactions much smoother and more efficient. And the fact that individuals can become liquidity providers opens up exciting earning opportunities.
I'm curious to see how this plays out. Will PHPX be widely adopted by businesses and individuals, like G-Cash? Will it truly revolutionize the way Filipinos send and receive money? I'm cautiously optimistic, but I think this is a step in the right direction.
Hopefully, this will pave the way for broader crypto adoption in the Philippines. It could lead to increased financial inclusion and empower Filipinos with greater control over their finances. Let's see how this project unfolds and hope it delivers on its promise to improve the lives of OFWs and their families.
Yes, thank you! That's why I was excited to post this. Only I should have posted it in HivePH in the first place. I thought it will be appreciated by the Asean community.
I don't think so, Asean community tag me as bot few days ago. While you get muted, have it posted on our own place Kabayan.
Sige i cross post ko, salamat.