Union Bank of the Philippines Launching Cryptocurrency ATM
One of the largest banks in the Philippines is reportedly launching a two-way cryptocurrency ATM that is in compliance with Bangko Sentral ng Pilipinas specifications. In the Philippines, the central bank regulates cryptocurrencies when used for delivery of financial services, particularly, for payments and remittances.
https://news.bitcoin.com/union-bank-philippines-cryptocurrency-atm/Another compelling moved that the Philippines is really working hard and getting closer to adopt bitcoin as one of the biggest bank in the country is launching a crypto ATM. Union Bank seems to be spearheading this, and as far as I can remember this bank is one of the first if not the first to integrate Paypal as well in the country. So let's see how it goes.
As far as I know, there are now some active BitcoinATM machines in part of Manila, especially in Makati city. But it's not that famous from cryptocurrency users. I hope union bank can distribute bitcoinATM nationwide in the P.H.