CoinCorner Pouch Brings Global Shipping to the Philippines CoinCorner

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Customers from the UK and Europe can now use CoinCorner’s Send Globally feature to send fiat to the Philippines after partnering with Pouch, a Lightning service provider based in the Southeast Asian country.

Send Globally uses the Lightning Network to convert fiat currency into bitcoin, which is then sent through the Lightning Network to a receiving entity that converts the bitcoin into another fiat currency, making global payments instantaneous.

Send Globally was recently adopted for CoinCorner and Strike through partnerships with Bitnob. This enabled users from Europe, the United States, and the United Kingdom to send money quickly and cheaply to Ghana, Kenya, and Nigeria.

The Philippines is another remittance market that now has access to Bitcoin’s Lightning Network. About $33 billion a year is sent home by workers from foreign countries, a significant percentage of the country’s GDP.

CoinCorner CEO Danny Scott elaborated on this point saying, “We are excited to announce our latest partnership with Pouch and expand our Send Globally service to the Philippines. Over $2,412,600,000 (£2 billion) is transferred from the UK and Europe to the Philippines every year, so this is another great opportunity to demonstrate the power of Bitcoin, with transactions instantaneous and at low cost via the Lightning Network.

Pouch CEO Ethan Rose reaffirmed this enthusiasm for Lightning, stating, “The Lightning Network is the most efficient way to send money across borders, but so far the user experience was too complex for the average user. We’re excited to announce the partnership between Pouch and CoinCorner, as it allows us to dramatically simplify a sender’s user experience while taking full advantage of the utility of Lightning.

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