2020-6-23 13:11 |
The blockchain firm is part of an 11,000 strong network of cash-out counters launched by UnionBank of the Philippines. origin »
Bitcoin price in Telegram @btc_price_every_hour
|
The Filipino branch of UnionBank and Standard Chartered, have joined forces to launch a distributed ledger technology (DLT) based bond issuance platform. The system has successfully been used to tokenize and issue PHP 9 billion ($190 million) worth of bonds, according to reports on December 7, 2020.
The proof-of-concept issuance of tokenized bonds was carried out on a blockchain platform built by Standard Chartered's fintech investment unit.
The COVID-19 pandemic will bring the end of cash and speed up the adoption of digital banking services, including central bank crypto, according to Edwin Bautista, CEO of UnionBank. Going Digital Is the Right Approach Amid Pandemic In an interview with Euromoney, the head of UnionBank, the Philippines’ ninth-largest bank, said that this might be the beginning of the end of hard cash, at least for the Philippines, a country whose lockdown measures are challenging […]
Coinspeaker The Central Bank Of Philippines Legalizes 10 Cryptocurrency ExchangesThe Central Bank Of Philippines has reportedly allowed three more crypto exchanges to start functioning in the country.
According to local publications, Union Bank of the Philippines, one of the largest commercial banks in the Philippines, has launched the country’s first crypto ATM. The bank said in an official statement obtained by Philstar that the purpose of the ATM is to provide local users an easy way to convert cryptocurrency to fiat and vice versa.