$9578.453
07:19:03 27/04/2018

ICON Digital Networks News

UNION Bank Ph


Posted On Monday, 22-Apr-2019 20:26:08 UTC


Icon Digital Networks Base Image

One of the Philippines largest banks, Union Bank, is set to launch the first two-way crypto ATMs in the country.

Union Bank Crypto ATMs

Unionbank’s ATM

Union Bank of the Philippines (Unionbank), one of the largest banks in the country with over 300 branches, is reportedly launching a cryptocurrency ATM. The Philippine Star reported on Wednesday that this machine will be the country’s first crypto ATM that complies with the rules set by the central bank, Bangko Sentral ng Pilipinas (BSP). The project is part of the Philippine government’s regulatory sandbox. The bank says it has been collaborating with the BSP to provide Filipinos with innovative solutions

Unionbank said in a statement, “In the bank’s continued quest to cater to the evolving needs and tastes of customers, including clients who use virtual currency, the ATM will provide these clients an alternative channel to convert their pesos to virtual currency and vice versa,” the publication conveyed. No specific coins were mentioned in the announcement. Union Bank said the following on the crypto ATMs:

“In the bank’s continued quest to cater to the evolving needs and tastes of customers, including clients who use virtual currency, the ATM will provide these clients an alternative channel to convert their pesos to virtual currency and vice versa.”


Stay tuned and and read more news here on our blog

*