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.
Well, that was a good news to know then. It seems that Asian countries are really making one step at a time getting close on using and regulsting the usage of cryptocurrency in different ways as possible. It is not surprising that Philippines being one of the smallest country in Asia is now turning its head on accepting cryptocurrency because as far as they concern, many Filipinos are already into doing tasks to earn Bitcoin so why not use this opportunity for them to lend a helping hand for the Bitcoin users to have their service about cryptocurrency usage made possible through the coordination of the Union Bank of the Philippines especially made possible by the Bangko Sentral ng Pilipinas. I am looking forward for the success of this launch because it will surely benefit those Bitcoin users and attract people to get engage into cryptocurrency as well.