Moneybees
press release

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 major advantage to:

  1. Foreigners who don’t need to open a Philippine online exchange account just to encash their bitcoins.
  2. Online traders who use exchanges that don’t have a PHP cash-in and cashout feature. OTC is also perfect for newbie traders who want to transact with a real person to establish trust.
  3. Overseas Filipino Workers Remittance has often been a serious problem for OFWs. Cryptocurrencies like Bitcoin make it simpler to transmit money to your loved ones that are devoid of hefty transaction fees. Thanks to its flexibility and affordability, OFWs, local recipients, and merchants alike grew to adopt its usage.

If you are an OFW, you can create a crypto wallet and buy and store crypto there. After that, you can send that crypto to your loved one’s crypto wallet. Your loved ones can then exchange the crypto into cash in any of the Moneybees OTC outlets within Metro Manila.

Wallet-wallet and bank-to-bank transactions:

Moneybees makes it simple to exchange crypto and Philippine Peso (PHP)

BUYING CRYPTO: You hand over the payment, Moneybees sends the crypto directly to your preferred crypto wallet.

SELLING CRYPTO: You send your crypto to Moneybees, and you receive Peso in cash or directly to your bank account.

This makes Moneybees the best way to cash in and cash out of your online crypto exchange account. You skip the fees and the hassle.

Key Features:

EASY – Buy and sell virtual currencies, just like how you buy and sell foreign currencies in a physical money exchanger store.

SECURE -Transact face-to-face with Moneybees trusted partners to give you the peace of mind that your transaction will surely be completed before leaving the shop located in Malls and Casinos.

COMPLIANT – Moneybees only partners with businesses with government-required licenses to ensure your transactions are safe and secure. Moneybees is duly registered with the Central Bank of the Philippines and the Anti Money Laundering Council (AMLC) as a Remittance Agent with Virtual Currency Exchange (VCE) services.

HIGH LIMIT – Customers have a higher daily limit which is up to Php 5 million (US$ 100,000) per day.

Buy and Sell Remotely via Online Trading Desk

Due to the closure of malls and other non-essential establishments, Moneybees has launched an Online Desk to serve its loyal customers continually. You can go to https://www.moneybees.ph/. Find the chat box and send a message to Moneybees customer service. They will facilitate your transaction of buying and selling crypto. Proceeds will be either sent to your bank (when you are selling) or to your preferred crypto wallet (if you are buying) such as Bitcoin.com, Binance wallets, among others.

Find us on the following Moneybees Outlets:

Monteal Money Changer

Mondays to Saturdays: 10am-6pm

3/F Venice Grand Canal Mall, Mckinley Hill, Taguig City

Psulit Money Changer

Mondays to Fridays: 10am to 7pm

Saturdays, Sundays and Holidays: 10am to 6pm

Unit 11-D ground floor, Intrepid Plaza C-5 corner Eastwood Avenue, Bagumbayan, Quezon City

Willyn Villarica Jewelry

Mondays to Saturdays: 11:30 am to 5:45 pm

Sundays and Holidays: Closed

Stalls 335/336, 3rd Floor, Market Market, BGC, Taguig

Erus Maerd Pawnshop and Money Exchange

Wednesdays to Saturdays: 10:00 am-9:00 pm

G/F Newport Mall, Resorts World Manila, Pasay City

Tivoli Money Exchange – Glorietta

Store Hours: 10:00 A.M. – 7:00 P.M.

B1, Glorietta 2, Ayala Center, San Lorenzo Village, Makati City, 1224 Metro Manila

Tivoli Money Exchange – Trinoma

Store Hours: 10:00 A.M. – 7:00 P.M.

M1, Trinoma, EDSA corner North Avenue, Quezon City, 1105 Metro Manila

Tivoli Money Exchange – Okada Manila (VIP Area)

Store Hours: 24-Hours.

Retail Unit A-23, Upper Ground Floor, Okada Manila, New Seaside dr., Parañaque City, 1701 Metro Manila

Learn more about Moneybees— https://www.moneybees.ph/

Follow on Facebook — https://www.facebook.com/moneybeesofficial/

Find on Instagram — https://www.instagram.com/moneybeesofficial/


Du lịch nhật bản, hướng dẫn du lịch Nhật và đánh giá địa điểm Nhật Bản Japan travel news, japan travel guides, japan holiday destinations and japan reviews

RELATED NEWS

Concordium Debuts its Business-Oriented Blockchain Mainnet

After years of development, Concordium has unveiled its permissionless blockchain and MVP that is designed to meet the needs of enterprises by delivering transparency and governance, all with an orientation towards protecting user privacy. Identity-Centric Network to Promote Broader Business Adoption Although blockchain’s novel characteristics are not in dispute, corporate adoption of distributed ledger technology […]

Xem chi tiết: Concordium Debuts its Business-Oriented Blockchain Mainnet

Doge in Brooklyn: A Local Apparel Store Starts Accepting the Famed Crypto

On the heels of the SpaceX announcement that the company accepted dogecoin as payment, an apparel store on Brooklyn’s colorful Flatbush Avenue took the jump as well into the deep, cold Doge waters. Brick-and-Mortar Is Another Brick in the Crypto Adoption Wall Crypto adoption has been widely and thoroughly discussed in the media and on […]

Xem chi tiết: Doge in Brooklyn: A Local Apparel Store Starts Accepting the Famed Crypto

Iran’s President Wants Crypto ‘Laws and Instructions’ Implemented as Soon as Possible

Iranian president Hassan Rouhani discussed cryptocurrencies at the most recent meeting of the government’s Economic Coordination Board and told participants that regulatory policy is needed to protect consumers. Rouhani believes the Iranian government should “communicate the necessary laws and instructions†as soon as possible so dishonorable crypto businesses are avoided. Regulation Necessary to Keep ‘Unprofessional’ […]

Xem chi tiết: Iran’s President Wants Crypto ‘Laws and Instructions’ Implemented as Soon as Possible

South African Court Submissions Expose Lies and Deceptive Tactics Used to Perpetuate MTI Bitcoin Ponzi Scheme

New submissions by a South African regulator, the Financial Sector Conduct Authority (FSCA) and liquidators have exposed the web of lies and deceptive tactics that were used by Mirror Trading International (MTI) CEO Johann Steynberg and others to perpetuate the Ponzi scheme. Undeclared Losses In its report filed with the South African court, the regulator […]

Xem chi tiết: South African Court Submissions Expose Lies and Deceptive Tactics Used to Perpetuate MTI Bitcoin Ponzi Scheme

Denmark to Revise Tax Law to Target Cryptocurrencies

The Danish tax ministry is reportedly mulling over revising the country’s tax law to deal with the challenges posed by cryptocurrencies. Denmark’s tax authority is concerned about the rising risk of fraud and widespread filing errors involving cryptocurrencies. Denmark to Revamp Tax Law to Deal With Cryptocurrency Denmark is considering revamping its tax code in […]

Xem chi tiết: Denmark to Revise Tax Law to Target Cryptocurrencies

Report: Document Shows Specific Bitcoin Miners in Xinjiang Instructed to Shut Down

An official notice stemming from the Changji prefecture government in Xinjiang details that officials from the Zhundong Economic-Technological Development Park must instruct bitcoin miners to shut down. China’s province of Xinjiang is a highly concentrated region of bitcoin miners and bitcoin activities at the park must cease by June 9, according to the document. Nevertheless, […]

Xem chi tiết: Report: Document Shows Specific Bitcoin Miners in Xinjiang Instructed to Shut Down

$160 Billion Asset Manager Entering Crypto Market in Collaboration With Nasdaq

An asset management firm with nearly $160 billion in assets under management, Victory Capital, has announced that it is entering the cryptocurrency market. The firm has established exclusive agreements with Nasdaq and asset manager Hashdex. Asset Management Firm Entering Crypto Market Victory Capital Holdings Inc. (Nasdaq: VCTR) unveiled its plans to enter the cryptocurrency market […]

Xem chi tiết: $160 Billion Asset Manager Entering Crypto Market in Collaboration With Nasdaq

Coinbase Says Interest From Pension Funds and Hedge Funds Has Skyrocketed, Institutional Holdings Soar 170%

The Nasdaq-listed cryptocurrency exchange Coinbase has revealed record growth in its institutional business. “This year, interest from pension funds and hedge funds has skyrocketed, supported by the roll-out of crypto-ETPs as well as an increased understanding of the crypto economy,†said Coinbase. Coinbase Sees Interest From Institutional Investors Skyrocketing Cryptocurrency exchange Coinbase (Nasdaq: COIN) reportedly […]

Xem chi tiết: Coinbase Says Interest From Pension Funds and Hedge Funds Has Skyrocketed, Institutional Holdings Soar 170%

Hong Kong to Connect Digital Yuan With Domestic Payments System in Cross-Border Trials

Mystery Whale Returns by Moving $35 Million — Miner Transfers 1,000 ‘Sleeping Bitcoins’ from 2010

The First DeFi & NFT Social Media Project, Torum Announces NFT Launchpad

Uganda Museum Collaborates With Software Development Firm to Create NFTs for Display on Binance Marketplace

Warren Buffett’s Berkshire Hathaway Invests in Bitcoin-Friendly Digital Bank

Commodity Strategist Mike McGlone Says $40K BTC Target ‘More Likely’ Than $20K

Crypto Payments App Bottlepay Is Now Available Across Europe

Elon Musk Agrees With Vitalik Buterin on Dogecoin and Ethereum Collaboration