Leading Everscale infrastructure developers,??? ?? ???? Broxus have announced the upcoming release of a Philippine blockchain remittance service to be hosted on the Everscale network. Everscale, as the most scalable blockchain in existence, has the unique capability of taking on such a wide userbase without the load slowing down the network or driving up transaction costs.

The service is the result of a new partnership between Broxus and DA5, one of the Philippines’ largest money remittance services, and marks the first step in Everscale’s planned rollout of a plethora of products and platforms tailored to the Philippine and Asian audience, including local crypto ATMs. 

Since the start of 2022, Everscalehas been making significant inroads in the Asian digital currency market. In the spring of this year, the network hosted the EVERPOINT Conference in Bali, celebrating its two-year anniversary and acknowledging its ascendent position in the Asian market. On the heels of that conference, the network’s native EVER currency was listed on two of the biggest exchanges in the world, Huobi, and KuCoin, each with massive userbases in Asia.?

Everscale has an unparalleled technical foundation that allows it to scale to any network load, no matter the size, without the load affecting the network’s processing times or transaction fees. As it is the fastest blockchain currently in existence and among the cheapest, with fractional transaction fees, Everscale is the ideal blockchain for launching stablecoins, both for private businesses and governments, in the form of CBDCs.