Moneybees, a Virtual Asset Service Provider (VASP) specializing in over-the-counter (OTC) crypto exchanges, has consistently expanded its service outreach by tapping the jewelry appraisal industry by partnering with Willyn Villarica Jewelry to enable even more Filipinos to conveniently buy and sell crypto using fiat.
Strategically located at Market Market in Taguig City, the branch has become a go-to destination for both jewelry enthusiasts and crypto traders to seamlessly convert their digital currency. The branch facilitates a seamless transition from the digital realm to tangible assets, allowing users to effortlessly convert their cryptocurrency holdings into physical cash.
Crypto enthusiasts can purchase and sell major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), USD Tether (USDT), USD Coin (USDC), and Ripple (XRP), among others.
Moneybees has been partnering with businesses that are Bangko Sentral ng Pilipinas-Supervised Financial Institutions (BSFIs) to make crypto as accessible as possible amid the rapidly developing digital assets market.
“Our long-term partnership with Willyn Villarica Jewelry provides convenience for more users to use peso to purchase the digital assets they want. and to take advantage of cryptocurrency-related services straight from a reputable physical location,” Moneybees Chairman and CEO Jay Ricky Villarante stated.
Established in 2013, Willyn Villarica Jewelry has been dependable in jewelry services and money exchanges. The incorporation of Moneybees' services has garnered a positive reception due to its location, fast transaction speed, and convenience for both first-time cryptocurrency clients and repeat customers, thereby contributing significantly to the store's revenue stream.
Willyn Villarica Jewelry owner Willyn Villarica shared, “Being one of the first partner locations of Moneybees, I have been witness to the growth and the contribution of Moneybees in educating the public about the concept of cryptocurrency. I appreciate the fact that the people behind Moneybees have the genuine desire to uplift the lives of the Filipinos through financial literacy.”
Willyn Villarica Jewelry has another branch that houses Moneybees crypto services, Dominion Pawnshop, located in Bulacan. The branch accommodates inquiries on Moneybees’ cryptocurrency services, integrating conventional retail and online financial services for users to easily explore and engage with digital currency.
As the crypto market experiences a resurgence, Villarante anticipates a growing interest among Filipinos in exploring and trading cryptocurrencies. Moneybees is spearheading this adoption by partnering with traditional currency exchange providers to make crypto even more accessible.
To learn more about how Moneybees is transforming the accessibility of cryptocurrencies, visit https://www.moneybees.ph/.
ABOUT MONEYBEES
Exchange cash and cryptocurrencies safely and instantly. Moneybees lets you buy and sell cryptocurrency, including Bitcoin, USDT, 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 preferred crypto wallet of the customer
SELL CRYPTO: The 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 into these exchanges as Moneybees send the crypto directly to the customer's preferred wallet.
It must also be noted that for Moneybees, Know-Your-Customer (KYC) is a must. All customers who will avail of the Moneybees services are required first to do a KYC.
How to become a Moneybees partner?
Moneybees welcomes interested entities to be a partner with the following requirements:
● Must either be a registered entity either at the Security and Exchange Commission (SEC) or at the Department of Trade and Industry (DTI)
● Must have a license from the BSP, e.g.:○ Remittance Agent License○ Money Exchange License○ Money Service Business License○ Other BSP-Supervised Financial Institutions● Must be registered at the Anti-Money Laundering Council● Manual Laundering and Terrorist Financing Prevention Program (MTPP)● Must have a valid Business Permit to Operate● Must be willing to provide complete documentary requirements● Must have at least 1mbps internet connection in the physical outlet and a mobile phone
For more details, please feel free to reach Moneybees at
● info@moneybees.ph● support@moneybees.ph
ABOUT WILLYN VILLARICA JEWELRY
Established in 2013, Willyn Villarica Jewelry has been the definitive authority in jewelry appraisal services, offering diverse services, including foreign exchange, jewelry sales, cleaning and repair services, jewelry manufacturing, gemstone identification, diamond grading, and comprehensive jewelry appraisals, consistently setting the benchmark for quality and expertise. Willyn Villarica Jewelry is a BSP-supervised financial institution (BSFI).
