A PAYMENT fintech platform has transformed the landscape of the Philippine digital economy by enabling more than 400 small businesses in the country to accept and process Bitcoin payments.
Local fintech company Pouch.ph has tapped into the country's vast pool of tiny merchants — from mom-and-pop stores to boutique hotels by utilizing Lightning Network built atop Bitcoin to make digital payments quicker, cheaper and more user-friendly. This payment protocol allows customers to pay by scanning a merchant's QR code with any Bitcoin wallet. Pouch.ph then converts that Bitcoin to pesos and sends the money directly to the merchant's bank or mobile money account, making the process easy and efficient for both parties.
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