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.