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.
Yeah, I have a friend working in that company, last year they study how cryptocurrency benefits other people and also union bank is one of the bank that can deposit money in your wallet and can buy bitcoin,eth,xrp and bch from coins.ph.
Integrating the system will make it more easier for users to directly send their funds without using third party business, another one good steps from
country who's still in the progress of development, seeing the potential of crypto to help, opening a bridge for both investors and traders to use this
channel to much lesser process.
Looking forward for more updates and progress.