Cryptocurrency ATM is a must when more and more users get into the network. Philippines being one of the country in the Asian continent having lots of cryptocurrency users coming with a plan to launch its own cryptocurrency ATM is truly appreciable. The same being done by one of the leading banking service provider Union Bank will let reach common people with ease.
I wouldn't say it's a must, but probably just a "nice-to-haves".
I say this because those bitcoin ATM machines will charge you huge fees to begin with so I don't think it's a nice idea for crypto enthusiast to rely on these ATM machines. Localbitcoins is still the best way, if you have to ask me. What makes this special though is that the machine will come directly from a bank in the Philippines, which is unheard of, as far as I know.