Coins.ph CEO Wei Zhou discusses MasterCard's crypto credential network and Stellar-powered remittance solutions reducing Philippines remittance fees from 5-6% to under 1%, enabling instant cross-border payments through licensed exchange partnerships.
Wei Zhou, CEO of Coins.ph, explains how MasterCard's crypto credential program creates a network of regulated financial institutions to enable compliant on-chain money flows. Coins.ph serves as a licensed fiat node in the Philippines, partnering with MasterCard, Mercado Bitcoin, and Wirex to provide secure credentialing for crypto wallet providers. The company is also working with Stellar to enable USDC remittances, reducing fees from traditional 5-6% to under 1% while providing near-instant settlement. Zhou discusses broader opportunities in the Philippines including play-to-earn gaming, decentralized physical infrastructure projects, and how emerging markets are adopting crypto faster than developed nations due to financial inclusion needs.
