Moneybees and Tambunting collaborate to expand OTC crypto services
To make cryptocurrency transactions more accessible for Filipinos, Moneybees has partnered with the household pawnshop brand Tambunting to be one of its partner over-the-counter (OTC) outlets offering crypto buy and sell services.
Moneybees has activated crypto exchange services at 10 selected Tambunting branches across Metro Manila, to begin with. There are over 1,200 Tambunting branches nationwide. With Moneybees, customers can buy or cash out crypto from any wallet, such as Metamask, Binance, PDax, and Trust Wallet, among others. Transaction limits are up to P5,000,000 in one day.
“The landscape in the money service business has evolved over time from the traditional to the digital way of doing things. The taste and preferences of our customers have likewise changed. Our company sees the need to keep up with the times and learn to adapt to changes otherwise, we will not be able to continue as a going concern. We have to cross-sell and add more products and services,” Tambunting Compliance Officer Nora Daileg said.
“Since this is the age of the cryptos, we want to expand our market and serve the needs of the Gen Z and Millennials who are heavily purchasing the cryptos. We see this as an opportunity to augment our income and be able to expand our market,” Daileg added.
Moneybees is the first cryptocurrency over-the-counter service in the Philippines, founded in 2017, making the exchange between fiat and virtual currencies more accessible to many. They provide the technology to money service businesses with physical outlets to accept and facilitate cryptocurrency transactions in their shops without the risk of market volatility.
“This is a ground-breaking opportunity to partner with a reliable institution like Tambunting, which has been in the industry and trusted by Filipino families for over a century. The crypto ecosystem is at a critical growth juncture, and we are committed to helping accelerate its trajectory by providing a simple and secure way of buying and selling crypto via OTC,” Moneybees CEO Paulo Del Puerto said.
Moneybees Forex Corporation is duly registered with the Bangko Sentral ng Pilipinas (BSP) and with the Anti Money Laundering Council (AMLC) as a Virtual Asset Service Provider (VASP).
Aside from Tambunting, Moneybees partner OTC outlets are BSP-licensed money exchangers, remittance agents, and pawnshops that can be found in strategic locations such as malls, casinos, and business centers. It aims to grow its services nationwide by partnering with more outlets in major cities to expand its footprint in the Philippines.
To view the locations of Moneybees outlets, interested customers can refer to this link: https://www.moneybees.ph/outlets.
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New Outlets:
Tambunting P Tuazon – #425 P. Tuazon Marilag 3 Quezon City
Tambunting Sta. Ana – 1061 GF AP Reyes St. Olympia Makati City
Tambunting HQ – 5F Phildaf Bldg Sen Gil Puyat Ave Makati City
Tambunting McArthur – G/F Medalla Bldg, No. 596 EDSA Gen McArthur Ave. Brgy Socorro, Cubao, Quezon City
Tambunting Retiro – 270 NS Amoranto St, Brgy. Salvacion, Quezon City
Tambunting Marimar – 4720 Sampaguita St., Marimar Village, Brgy. Sun Valley, Parañaque City
Tambunting Kakarong – 2957 Kakarong corner Kalayaan Avenue, Olympia, Makati City
Tambunting GuadaMall – MF 24 Main Guadalupe Commercial Complex, EDSA, Guadalupe
Tambunting Junction – Cainta Star Valley Plaza Mall, Ortigas Avenue Extension, Sto Domingo, Cainta, Rizal
Tambunting Sucat – 7474 Kabesang Segundo, Fortunata Village, San Isidro, Paranaque City
About Moneybees
Exchange cash and cryptocurrencies safely and instantly. Moneybees lets you buy and sell cryptocurrency, including bitcoin and Ethereum, at government-licensed Moneybees outlets. It is duly registered with the Bangko Sentral ng Pilipinas (BSP) and with the Anti Money Laundering Council (AMLC) as a Virtual Asset Service Provider (VASP).
For more information, visit https://www.moneybees.ph/.
Transaction model:
BUY CRYPTO: The customer hands over the payment, and Moneybees sends the crypto directly to the wallet of the customer
SELL CRYPTO: Customer sends crypto to Moneybees, and the customer receives Peso in cash or directly to their bank account
On the other hand, it’s also the best way to cash in these exchanges as Moneybees send the crypto directly to the customer’s preferred wallet.
About Tambunting
“Tambunting” is a familiar name that you can see in every corner of your house if you live in the Metros. It is a part of the history of our country being one of the pioneers and oldest in the pawnshop industry. As time went by, they diversified and offered other services such as money transfer, foreign exchange dealing, and a lot of other value-added products and services that every Juan needs.
The “Tambunting” brand is carried by the family that later on expanded and broken down to various
family groups of the Tambuntings. In totality, the network of the Tambunting totaled over a thousand
branches. The groups headed by Ramon C. Tambunting are mostly located in the National Capital Region
and nearby provinces of Bulacan, Rizal, and Laguna.
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Disclaimer
This article is for informational purposes only and does not constitute endorsement of any specific technologies or methodologies and financial advice or endorsement of any specific products or services.
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