About
Palarin allows users to send money to the Philippines using Bitcoin while allowing recipients to receive funds in the local currency. Use of Bitcoin results in dramatically reduced transfer fees when compared to the costs associated with traditional money transmitters. Use of bitcoin also addresses the financial needs of the country’s underbanked which currently represent 75% of the Philippine population. Bitcoin provides the people with a means of holding value and cost-efficiently transferring value and Palarin is the preferred platform for Bitcoin.