The financial institution will offer select users of its mobile app the option to exchange bitcoin and other digital currencies without a separate wallet.The Union Bank of the Philippines is working to become the first universal bank in the country to facilitate cryptocurrency exchange within its mobile application. Users will be able to buy and sell cryptocurrencies such as bitcoin directly from the banking app, the lender said, doing away with the need to have a third-party wallet.
In a statement quoted by the ABS-CBN broadcasting network, Unionbank shared its view that blockchain is a technology that will power the future of banking. “At the same time, we also recognize that cryptocurrency has been one of the services that a lot of customers are already looking for, especially the younger generation, and this demand was accelerated by the pandemic,” commented Cathy Casas, head of digital asset markets, blockchain and application programming.
Unionbank, which is one of the top 10 banks by assets under management in the Philippines, has already established itself as a crypto-friendly institution. About a year ago, it announced preparations to pilot a
This is it. 2022 is indeed an adaption stage. Wait for 2023-2024-2025. woofdogmad
Yes! Bullish!
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That would be great
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Litecoin is supported. NICE!
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