Stellar blockchain being used in the Philippines

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evo

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Bloom Solutions, a financial technology company in the Philippines, currently runs a Bitcoin remittance project as a means of value transfer. Their newest product, BloomNet, uses the Stellar blockchain network to allow people in the Philippines to send and receive money. In a statement from BloomNet:
Our second project, which uses Stellar, is called BloomNet. BloomNet is in its pilot phase. The intention is to create a domestic settlement network for remittance centers, which is the primary method Filipinos remit their money. Roughly 3 out of 5 Filipinos do not have bank accounts, allowing these remittance centers to find a good niche in the remittance space.
 
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