Pouch Philippines, Inc. was founded in 2022, by Ethan Rose, with the aim of using innovations in financial technology, particularly bitcoin and the Lightning Network, to improve the speed and price of sending money to loved ones in the Philippines. Pouch is a fully remote company, with a physical office address in Cebu I.T. Park. Pouch is regulated by Bangko Sentral ng Pilipinas ("BSP") as an Operator of Payment Systems ("OPS").
Pouch's parent company, Pouch PH Inc is a US/Delaware C-Corporation, and is regulated by FinCEN in the United States.
Pouch is on a mission of bringing prosperity to all Filipinos through the teaching of sound money principles, and improving accessibility to the strongest form of money that humanity has ever seen -- Bitcoin. If the Philippines is a leader in bitcoin adoption, the nation will be well-positioned for the inevitable collapse of the US dollar as the global reserve currency, whereas bitcoin becomes the de-facto monetary standard.
One meaningful facet of that mission, and the reason the Philippines is so well positioned to be a leader, is that the Philippines uniquely benefits from beyond the West's use-case of bitcoin as an anti-inflationary savings tool, because bitcoin's scaling solution, the Lightning Network, improves costs & settlement times, accessibility of remittances, international payroll, and borderless retail transactions.
Over the coming decade, millions of Filipinos will be preserving their wealth as monetary energy in bitcoin, and Pouch will be the easiest to use and most trusted onramp & custodian for bitcoin in the nation.
Furthermore, millions of BTC/PHP lightning transactions will be processed daily and facilitated by Pouch, whether through our own brand or strategic partnerships. The largest share of these lightning transactions will be of Filipinos getting paid from around the world, both from loved ones overseas and from employers; all benefiting from a superior user experience due to more open connectivity with payment systems around the wold, as well as improved fees & exchange rates due to the instant settlement, increased competition, and deeper liquidity.