Leading Philippine bitcoin exchange BuyBitcoin.ph announced a an agreement with payment processor Dragonpay on Wednesday.

The integration deal allows customers to pay for online bitcoin purchases at branch offices of 14 Philippine banks. In addition, customers can make deposits at remittance centers, or through online banking at participating banks.

“We’re excited to be offering a new channel for customers to purchase bitcoin outside of the pre-existing cash deposit process we currently have in place. Our users continuously asked for online depositing and we’re happy to provide a solution now with Dragonpay,” says BuyBitcoin.ph CEO Sam Kaddoura.

Dragonpay is an ‘alternative’ payments processor that provides a means for individuals to

purchase online products from Dragonpay-partnered merchants, and then pay for them at local ‘brick-and-mortar’ outlets such as convenience stores, supermarkets, or local banks.

“We commend players like BuyBitcoin.ph for taking the initiative to trailblaze and develop the local bitcoin ecosystem. The bitcoin community is growing fast in the Philippines and we look forward to helping it grow even more by offering our suite of services to the major players like BuyBitcoin.ph,” says Dick Chiang, CTO of DragonPay.

According to Dragonpay’s website, it’s estimated that less than 30% of Filipinos have a bank account, and that only 5% have access to a credit card.

BuyBitcoin.ph was founded by Sam Soriano Kaddoura, Lasse Birk Olesen, Daniel Walton, and James Florentino.

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