Key Takeaways:
- From February 9 to February 11, 2023, Coins.ph, along with other industry players, attended Banko Sentral ng Pilipinas Paleng-QR Plus launch in Naga City.
- Key representatives from local government units, BSP, DILG, and Coins.ph were present to honor the launch.
- The Paleng-QR Ph is a joint initiative between the DILG, BSP and Fintech Industry leaders to encourage cashless transactions in local transportations, especially tricycles, and public markets within the city.
- Coins.ph opened an interactive booth where attendees can win e-wallet balance when they sign-up and get their Coins.ph account verified.
- Coins.ph will be heading to Lapu Lapu City on February 17, 2023 in our efforts to join hands with BSP and DILG to further localize digital payments from the bustling city streets of Metro Manila to the lively barangays in Cebu.
What is Paleng-QR PH?
The Paleng-QR Ph program is an initiative by Bangko Sentral ng Pilipinas (BSP) and the Department of the Interior and Local Government (DILG) to build the digital payments ecosystem in the Philippines by promoting cashless payments in public markets and local transportation. Tricycle drivers and market vendors are educated on the ease of accepting digital payments via QR PH, the national standard for QR payment.
Coins.ph’ QR Codes are QR PH compliant, where users can open the Coins.ph app to scan any QR-PH transactions.
Grand Launch Highlights in Naga City & the Goal for Digital City
On February 10, 2023, the grand launch for the Paleng-QR PH: Naga City was held in Plaza Rizal where multiple officials from the local government, with Mayor Nelson S. Legacion and Vice Mayor Cecilia Veluz - De Asis, attended to welcome and thank the community and partners who made the Paleng QR initiative possible. BSP officials, Bernadette Romulo - Puyat and Dr. Felipe M. Medalla, DILG official Atty. Ma. Hazel O. Deocareza also spoke during the program, expressing their positive intentions and support with the project and how it’s a step forward for the city of Naga.
Coins.ph rewarded new users from Naga City
During the event, the public from Naga City and interested merchants were given the opportunity to win e-wallet giveaways and exclusive merchandise from Coins.ph once they signed-up and verified their accounts in our booth.
Look out for Coins.ph in Lapu Lapu City
Coins.ph will be working closely with BSP and DILG to extend QR PH payments into Lapu Lapu City on February 17, 2023.
See you in Lapu Lapu City.
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GET YOUR CRYPTO JOURNEY STARTED WITH COINS.PH
Coins.ph is regulated by the Bangko Sentral ng Pilipinas (BSP) and is the first ever blockchain-based company in Asia to hold both Virtual Currency and Electronic Money Issuer licenses from a central bank.
Sign up for a Coins.ph account now to start trading OR download the Coins.ph app. Once you have verified your account, you can convert PHP into the cryptocurrencies of your choice.
For any question or clarifications, please contact Coins,ph hotline at (02) 8822 6467 or email help@coins.ph
