Re: One of the Largest Banks in the Philippines is Implementing Ethereum.
Remittance-Focused Industry
The Philippines has a unique financial infrastructure, and the banks are aware that only the upper class and high net-worth individuals can afford banking services. The vast majority of individuals and even businesses rely on local remittance networks and outlets such as M Lhuillier, Cebuana Lhuillier, Palawan, and LBO to send and receive payments both domestically and internationally.
Remittance outlets are often more readily accessible in rural areas and provinces, especially in areas that are not profitable for banks to establish offices and run all-inclusive operations. In major cities like Cebu, remittance outlets are seen in every corner of every street, sometimes 10 meters apart from each other.
Ngayon mas narealize ko na sobrang laganap pala ng remittance centers sa bansa natin kasi imagine mo na sa Cebu pala eh sometimes every 10 meters ang pagitan ng bawat isa The Philippines has a unique financial infrastructure, and the banks are aware that only the upper class and high net-worth individuals can afford banking services. The vast majority of individuals and even businesses rely on local remittance networks and outlets such as M Lhuillier, Cebuana Lhuillier, Palawan, and LBO to send and receive payments both domestically and internationally.
Remittance outlets are often more readily accessible in rural areas and provinces, especially in areas that are not profitable for banks to establish offices and run all-inclusive operations. In major cities like Cebu, remittance outlets are seen in every corner of every street, sometimes 10 meters apart from each other.
. Kaya di na nakapagtataka kung nauungusan na ng mga ito ang mga bangko sa ating bansa kasi sila ay mas "maka-masa" ika nga.Magki-click naman sa tao ang pagiging ethereum-supported ng Unionbank pero sa tingin ko eh di masyado kasi mas prefer pa rin ng karamihan (especially yung may kaya lang na mga tao) ang remittance centers and besides ang coins.ph eh may remittance partners din. Therefore, mas lamang talaga ang remittance centers compare to banks in terms of convenience.