Published on July 20th, 2015 | by bitcoin0
Cash-to-Bitcoin App for Southeast Asia-CoinDesk-Coins.ph Launch
All transactions are denominated and held in local currency, with Coins.ph using the blockchain as the rails to facilitate the exchange of funds.
Hose told CoinDesk:
“We’ve been getting really good traction with our existing bills, payment and money transfer services after shifting to using blockchain in the background.
Hose further acknowledged that the app bears a similarity to the much-anticipated remittance app Abra.
However, Hose sees Teller as a different take on the Abra model, given that Coins.ph provides additional services to local users.
As with Abra, Teller will employ an Uber-like rating system it believes will reduce the risk of customer dissatisfaction in using the app.