A cryptocurrency conversion website in the Philippines announced today that it will be allowing bill payments to be made with XRP by almost 5 million new users.
Coins, a payment website based in the Phillippines, now enables Filipino citizens to pay their domestic and household bills through the use of cryptocurrencies. Before the XRP addition, payments were supported in Bitcoin, Bitcoin Cash, and Ethereum, which meant that the site’s 5 million clients were able to access certain payment methods with fiat currency.
With the recent XRP listing, the site’s customers can now settle household expenses in the XRP currency.
Currently, the Coins website has around 5 million customers, a number which will most likely grow after the XRP listing, which plans to support over 20 million customers by the year 2020.
Philippines crypto news website, Bitpinas said the following:
“In an interview, Coins.ph head of cryptocurrencies, Colin Goltra, told Bitpinas that they have rolled out XRP integration to a limited number of randomly selected participants. A number of these trial users have posted screenshots of their Coins.ph XRP wallets on Twitter.
XRP will be one of the wallets immediately found on the app’s dashboard, and users can freely swipe between the other wallets, including the PHP wallet.
We’re still gathering data and deciding on our level of support for XRP,’ said Mr. Goltra in a statement. He confirms that there’s no definite date yet for the general release of XRP wallets across all Coins.ph users.”
However, this isn’t one of XRP’s most recent major developments, but it is an exciting announcement which opens up a whole new market and use values for the citizens of the Philippines. Such use possibilities are the kind of developments that can facilitate the adoption process of cryptocurrencies.
If there is an efficient and tested method through which bills can be paid with various cryptocurrencies, people might be more inclined to trust and try them out themselves.