Coins.ph chief executive Wei Zhou has launched a campaign to educate overseas Filipino workers (OFWs) in Hong Kong about using stablecoins for faster and more affordable remittances to the Philippines to address the high fees and multi-day delays of conventional transfer methods.
Zhou, head of the leading licensed crypto and digital wallet in the Philippines, delivered a presentation titled “Leveraging Stablecoin Technology for Fast, Affordable Money Transfers” at the “Financial Literacy & Digital Adoption Program for the OFW Community.”
The event was organized by the Fintech Alliance Philippines in collaboration with the Overseas Workers Welfare Administration.
Zhou noted the growing global acceptance of stablecoins—a type of digital money with a fixed value—emphasizing their emerging role in cross-border payments.
“The future of cross-border payments is digital, and stablecoins are at the forefront of this shift,” said Zhou.
“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,” he said.
Hong Kong is a major source of remittances to the Philippines, accounting for roughly 3 percent of the total volume and ranking among the top 10 countries. An estimated 200,000 OFWs reside in the special administrative region.
The Coins.ph team also participated in a courtesy call with Consul General of the Philippines in Hong Kong Romulo Victor Israel Jr., as part of its commitment to secure and efficient financial solutions for Filipinos globally.
