For me this is good news to Filipino crypto enthusiasts living and working abroad as they can now send remittances through this cryptocurrency related innovation without any hassle.
From the way he describes it, this expansion basically allows them to accept fiat from overseas and allows the users to easily trade that to crypto and send it to other Coin.ph users. Does this mean any exchange needs a license to accept new fiat then? Does this also mean they won't accept USD since they don't plan to 'expand' there? I thought the expansion was opening new offices or branches, but from the interview, I don't think that's necessary. Maybe just a simple office but no operation is carried out overseas (trading, etc)? Feels a bit weird, I pay other businesses outside crypto with USD just fine even though they don't necessarily have any US license, especially with stuff like PayPal.