Coins.ph, which is a popular exchanger in Philippines, recently announced that Ripple (XRP) has been added to its platform. As confirmed by the company XRP is now available to be used as a utilities payment method.
The platform reportedly owns a measurable over 5 million user bases currently, who from now on will have the opportunity to use XRP to make their payments instead of using the traditional fiat currencies.
Earlier, Head of Cryptocurrencies at Coins.ph, Colin Goltra talked about the upcoming addition of Ripple confirming that the cryptocurrency can be available only on the Android app, while also adding that they their team is still working on “gathering data and deciding on our support level for XRP”.
Coins.ph is a popular platform in the country which enables peer-to-peer wallet transfers, payment services, mobile top-ups, internet shopping and remittance services. The platform is run on the blockchain technology and digital currencies are used as payment methods which allow the users to enjoy low-cost transactions. This enables users from distant places in Philippines to prefer this method from traditional banking, while the company increases the reach of own services to even larger number of customer in the country.
Coins.ph also reports that by 2020 the company has the objective to have a customer base of over 20 million from all across the country, while having the opportunity to use XRP as the main influencing factor on the way to fulfilling this goal.
Coins.ph initially was using Bitcoin (BTC) as the only cryptocurrency on the platform however soon the management started engaging and adopting other cryptos in the market as well.
Ripple has been announcing some important similar supports lately including the earlier reported partnerships with Wirex and TransferGo. Such developments promise availability of XRP to even wide customer ranges of the new partner companies.