PRESS RELEASE. With cryptocurrency adoption increasing in the Philippines, Filipino users are looking for ways to convert their digital assets into cash at an affordable rate.
The Central Bank of the Philippines has recorded P76 billion (US$ 1.5B) worth of transactions processed by local virtual currency exchanges (VCEs) in 2020, which is five times higher than the transaction volume in 2019.
Moneybees, the pioneer of over-the-counter crypto (OTC) exchange in the Philippines, is changing the face of crypto transactions as it enables both OTC and online transactions to exchange cash and cryptocurrencies on the spot more conveniently. With Moneybees, cryptocurrency holders can convert their digital assets into cash without fees and get the funds within 10 minutes.
What is Moneybees?
Moneybees allows you to buy and sell major cryptocurrencies such as bitcoin and Altcoins like Ethereum, USDT, Chainlink, Uniswap, among others, at government-licensed Moneybees Partner Outlets without having to go through an online exchange.
Moneybees is a