Moneybees, Psulit Money Changer bolster OTC crypto trading, open third hub in Molito, Alabang

Moneybees CEO Jay Ricky Villarante expects an uptick in physical trades as an impact of the U.S. SEC approval of exchange-traded funds.

Moneybees, a leading virtual asset service provider, has expanded its over-the-counter (OTC) cryptocurrency exchange service with its latest collaboration with the newly-opened JK BitcoinHub, a new venture managed and operated by PSulit Money Changer and located in the bustling Molito Commercial Complex of Alabang, Muntinlupa City.

Moneybees extends over-the-counter crypto buy and sell services to jewelry store patrons

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.

Moneybees’ partnership with Monteal Money Changer signals flourishing local crypto market

Amid the ongoing bear market and economic uncertainties, Moneybees, the pioneer of over-the-counter (OTC) crypto exchange in the Philippines, has seen consistent growth with its long-standing partnership with Monteal Money Changer Services.

Since 2017, Moneybees has expanded its reach in the market with Monteal Money Changer Services’ strategically located branch at The Venice Grand Canal Mall in McKinley Hill, Taguig City. This caters to the preference of Filipino customers for secure, in-person crypto transactions.

However, when severe lockdown measures were implemented at the peak of the pandemic, Monteal's in-store operations were significantly disrupted. The temporary closure of Monteal’s outlet during the height of the COVID-19 did not prevent the partnership from immediately carrying on with the operations and mitigating pandemic-related setbacks as soon as the lockdown was lifted.