Quote from: Eugenar on February 27, 2019, 06:55:17 PM

Quote from: Baofeng on February 10, 2019, 03:40:44 AM

Union Bank of the Philippines Launching Cryptocurrency ATM

Quote

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.

In a developing country like Philippines, this a great opportunity to improve the economy and the nation as a whole as well. Through this, I can foresee that crypto will become more popular in the country and will take interest to the different industries that can also adapt crypto in their business transactions. I hope it will continue to the other banks as well.

Not so popular yet but with the support of the government by granting licenses on business related to crypto, this is a good signal
for the future of crypto. This is the first bank to adopt wtih crypto through ATM and I believe there will be more banks to offer this kind of services.
For me, this is not really necessary since you can easily convert your crypto to fiat and vise versa but the physical presence is good.