Digital payments are transforming how Filipinos move money, and a new collaboration between Coins.ph, and the Aptos blockchain, is helping accelerate this transformation even further.
The integration of Coins.ph, one of the Philippines’ top digital wallets and the country’s largest crypto exchange with more than 18 million users, into the Aptos Foundation is expected to bring faster, lower-cost, and more efficient blockchain payments to one of Southeast Asia’s most dynamic financial ecosystems.
Why Aptos?
Aptos is a next-generation blockchain designed to be the "Global Trading Engine." Its core mission is to enable a future where billions of people can transact instantly and securely. It does this by offering:
- Near-Instant Transactions: Aptos offers incredibly low latency and high transaction per second, enabling rapid transaction settlement crucial for real-world payments.
- Cost-Effective Stablecoin Transfers: The network provides an economical solution for moving stablecoins, which are becoming increasingly important in global commerce. Aptos also has ultra-low gas fees. This makes it an ideal platform for a wide range of use cases, from large cross-border payments to everyday micropayments, without the burden of high costs.
- Highly Secure and Scalable: Designed to manage millions of transactions, Aptos ensures robust security and the capacity to expand with rising demand.
A Partnership Built for the Philippines
Coins.ph’s integration with Aptos is ideal, given the Philippines' large and expanding digital-native population. Estimates show that about 72% of the population belong to the 40 years old and below bracket, with a significant chunk being digital natives.
This demographic has a significant demand for efficient digital financial services, especially for remittances and everyday transactions. With Aptos' advanced technology, Coins.ph can now provide its users with an enhanced experience for:
- Remittances: Sending and receiving money, both domestically and internationally, becomes faster and cheaper.
- Digital Commerce: Day-to-day transactions and online payments are more seamless and affordable.
- Money Movement: It improves the overall process of moving funds, whether for personal use or business purposes.
The partnership between Coins.ph and Aptos Foundation is a major move toward making digital finance in the Philippines more inclusive and accessible. It aims to build a safer, more efficient financial ecosystem as digital transactions continue to grow.