Cryptheory: Crypto and Internet

cryptocurrency and internet meaning, guides, learning

Filipinos Now Able to Convert Crypto into Cash With Moneybees At Low Cost

1 min read

Cryptocurrency is becoming more widely accepted in the Philippines. The Filipino users are exploring more ways to convert their crypto into cash on the cheap.

Moneybees, a trailblazing over-the-counter crypto (OTC) exchange in the country, is now enabling both OTC and online transactions to exchange cash and digital currencies on the spot. This allows crypto holders to conveniently cash in their digital assets without being charged for fees and receive the funds within 10 minutes.

Users of Moneybees can purchase and sell top performing cryptocurrencies like BTC and ETH at government-approved Moneybees Partner Outlets without the need for an online exchange.

$1.5 billion worth of transactions have been processed by local virtual currency exchanges in 2020, as recorded by the Central Bank of the Philippines. That figure is five times higher than the transaction volume in 2019.


The post Filipinos Now Able to Convert Crypto into Cash With Moneybees At Low Cost appeared first on SuperCryptoNews.


All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

Leave a Reply

Your email address will not be published. Required fields are marked *