By Michael Mislos and Nath Cajuday
Peer-to-peer crypto platform NoOnes has surpassed 2 million users, with the Philippines emerging as a key growth market, as the company doubles down on its mission to dismantle financial barriers in underserved regions.
What’s the significance: By prioritizing low-cost Bitcoin transactions and localized payment methods, the platform is challenging traditional remittance systems that are costly and take days for the money transfer to be completed.
Key number: $280M+ total trading volume since launch.
The Philippine Play:
In a previous statement, NoOnes plans to tap the Philippines’ $40B remittance market and youthful, tech-savvy population:
- Overseas workers can send funds home instantly via blockchain, bypassing high fees from traditional services like Western Union.
- Small businesses use NoOnes’ P2P marketplace to trade crypto with 0% fees.
- NoOnes has built-in escrow systems and multisig wallets protect users from fraud.
Backstory: NoOnes CEO Ray Youssef said he designed the platform to counter financial systems that exclude Global South nations.
“My parents left Egypt to survive, just like Filipino workers today. Crypto lets people thrive without leaving home.”
Ray Youssef, CEO of NoOnes
What’s next: NoOnes plans to:
- Expand its Lightning Network integration for faster, cheaper Bitcoin transfers.
- Launch educational programs via its NoOnes Academy.
- Introduce peer-reviewed credit scores to help users access microloans.
This article is published on BitPinas: P2P Trading Platform NoOnes Reaches 2M Users Worldwide
What else is happening in Crypto Philippines and beyond?
