The Philippines will launch a service and payment service using stablecoins

The Philippine company Direct Agent 5 (DA5), which runs one of the largest network of money transfers in the country, will launch a transaction service with the use of stablecoins together with Broxus. Integration will work on the Blockchain EVERSCALE blockchain. This was reported by FORKLOG representatives of the project.

“Partnership between DA5 and Evescale will change the approach to money transfers in the Philippines. Thanks to the use of blockchain, we will finally be able to offer Filipinos a safer way to send money for a small part of the cost, which local banks and traditional financial services ask for a similar service. We are also proud that we will become the first company that will deploy a network of cryptomats throughout the country – they will be posted at more than 2500 points of our network by the end of the year, ”said DA5 Reimond Babste DA5 DA5.

BROXUS founder Sergei Shashev noted that at the moment in 11 states are the EVERSCALE as the basis for the release of CBDC.

In June 2022, the popular cryptocurrency exchange in Asia, Kucoin and Huobi, conducted a listing of Native coins Everscale.

Recall that in the spring of 2021, Evescale’s support was added by the Chinese BSN blockchain platform, supported by the country’s authorities.

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