Coins.ph is stepping up efforts to promote financial literacy and digital adoption among Overseas Filipino Workers (OFWs), highlighting how stablecoin technology can make remittances faster, cheaper, and more secure.
The Philippine-based crypto and digital wallet platform joined a recent business mission to Hong Kong as part of a campaign led by the Fintech Alliance Philippines in partnership with the Overseas Workers Welfare Administration (OWWA).
The event, titled “Financial Literacy & Digital Adoption Program for the OFW Community,” drew members of the Filipino community eager to explore new ways of managing their money abroad.
Coins.ph leads push for secure digital remittances
Coins.ph Chief Executive Officer Wei Zhou was among the featured speakers, delivering a talk on “Leveraging Stablecoin Technology for Fast, Affordable Money Transfers.”
Coins.ph Chief Executive Officer Wei Zhou speaking during the event
In his talk, Zhou explained how stablecoins— digital assets designed to maintain a fixed value — are transforming the global remittance industry by solving long-standing issues such as high transfer fees and multi-day delays.
“The future of cross-border payments is digital, and stablecoins are at the forefront of this shift,” Zhou said. “This opportunity allowed us to engage directly with the OFW community, reinforcing our commitment to financial inclusion and educating them on how digital adoption can lead to greater financial empowerment and security for their families back home.”
With over 200,000 Filipino workers in Hong Kong, the city remains one of the top remittance sources for the Philippines, contributing around 3% of total inflows. Zhou noted that adopting blockchain-powered solutions could make a significant difference for OFWs, who often face high costs when sending money through traditional channels.
Stablecoins seen reshaping remittances for Filipino workers
The business mission also included a courtesy visit to Philippine Consul General Romulo Victor M. Israel, Jr., where the Coins.ph team reaffirmed its support for initiatives that promote secure and efficient digital financial services for Filipinos overseas.
Founded in 2014, Coins.ph has grown into one of the Philippines’ most established crypto and digital wallet platforms.
Licensed by the Bangko Sentral ng Pilipinas (BSP) as both a virtual asset service provider and a mobile wallet, the app allows users to trade cryptocurrencies, pay bills, and send funds instantly — bridging traditional finance with the emerging digital economy.
By engaging with Filipino communities abroad, Coins.ph aims to help OFWs better understand how technologies like stablecoins can simplify money management, reduce remittance costs, and ultimately contribute to broader financial inclusion across the diaspora.
As blockchain adoption accelerates globally, Coins.ph sees Filipino workers playing a crucial role in this shift. The company believes that empowering OFWs with the right digital tools not only benefits their families back home but also strengthens the Philippines’ position as a forward-looking player in the digital finance ecosystem — where innovation, inclusion, and opportunity converge.
