Indonesia’s Go-Jek Acquires a Major Stake in Ripple’s Partner, Coins.Ph

Coins.ph, the Filipino blockchain start up and Ripple partner has sold a substantial stake of shares to Indonesian behemoth, Go-Jek. In the deal said to be worth $72 million, Go-Jek will have a new-found collaboration with Coins.ph allowing the company to foster dispensation of financial services to the under-served in Philippines. Specifically, Coins.ph will now have to incorporate Go-Pay, a payment platform for Go-Jek customers, and using their deep knowledge of the Filipino market,...

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