UnionBank of Philippines has actually revealed its strategies to release cryptocurrency Automated Teller Machines [ATM] where users can trade the digital assets for Philippine Pesos. To perform the launch, the bank will partner with xRapid powered e-wallet and monetary services company, Coins.ph.

Justo A. Ortiz, Chairmen of UnionBank, about the release of digital currency ATMs, specified:

“We’re going to put up a Bitcoin ATM in our Ayala Ave. ARK [branch] The machine is here already,”

Coins.ph has actually utilized cross-border payment services such as expense and time performance, scalability, and transparency rendered by xRapid’s platform. Apart from XRP, the other major digital properties supported by are Bitcoin [BTC], Bitcoin Cash [BCH] and Ethereum [ETH] up until now. This Southeast Asian tech company is a leading name in the cryptocurrency trading area of the nation.

With a consumer base of around 5 million, Coin.ph has actually pursued mass adoption of its app to make banking services available even for the locals in remote locations leveraging Ripple-xRapid’s blockchain tech at its core.

Ron Hose, CEO, and creator of Coins.ph while elaborating about the tie-up with Ripple previously in August in 2018, specified:

“We are excited to be partnering with Ripple to bring the benefits of blockchain technology to cross-border payments, making sending money home more affordable for 10M+ overseas Filipino workers.”

This advancement unfolded days after the cryptocurrency regulative structure was provided in the nation through Cagayan Economic Authority Zone. The guidelines called– Digital Asset Token Offering (DATO) were developed with the essential goal to boost development in the crypto area and catapult traditional adoption of the digital property, all while securing the interest of financiers.

In a nation where more than 70 percent of the grownups do not hold any checking account, stepping into the world of crypto by incorporating the standard banking facility and digital possessions, is undoubtedly a huge action.

bitcoin
Bitcoin (BTC) $ 10,686.00
ethereum
Ethereum (ETH) $ 198.15
ripple
XRP (XRP) $ 0.277725
bitcoin-cash
Bitcoin Cash (BCH) $ 320.72
litecoin
Litecoin (LTC) $ 76.30
binancecoin
Binance Coin (BNB) $ 28.46
eos
EOS (EOS) $ 3.67
tether
Tether (USDT) $ 1.00
bitcoin-cash-sv
Bitcoin SV (BSV) $ 143.97
cardano
Cardano (ADA) $ 0.049807
monero
Monero (XMR) $ 86.87
stellar
Stellar (XLM) $ 0.070522
leo-token
LEO Token (LEO) $ 1.31
huobi-token
Huobi Token (HT) $ 4.91
tron
TRON (TRX) $ 0.017764
tezos
Tezos (XTZ) $ 1.20
chainlink
ChainLink (LINK) $ 2.55
okb
OKB (OKB) $ 3.02
dash
Dash (DASH) $ 95.53
neo
NEO (NEO) $ 9.99
cosmos
Cosmos (ATOM) $ 2.88
iota
IOTA (MIOTA) $ 0.250677
ethereum-classic
Ethereum Classic (ETC) $ 5.49
ontology
Ontology (ONT) $ 0.799774
nem
NEM (XEM) $ 0.056215
usd-coin
USD Coin (USDC) $ 1.00
crypto-com-chain
Crypto.com Chain (CRO) $ 0.044663
zcash
Zcash (ZEC) $ 53.21
maker
Maker (MKR) $ 512.24
v-systems
V.SYSTEMS (VSYS) $ 0.197979
dogecoin
Dogecoin (DOGE) $ 0.002771
decred
Decred (DCR) $ 26.13
lambda
Lambda (LAMB) $ 0.187657
vechain
VeChain (VET) $ 0.004609
qtum
Qtum (QTUM) $ 2.58
bitcoin-gold
Bitcoin Gold (BTG) $ 13.94
basic-attention-token
Basic Attention Token (BAT) $ 0.184527
paxos-standard
Paxos Standard (PAX) $ 0.997009
true-usd
TrueUSD (TUSD) $ 0.997013
algorand
Algorand (ALGO) $ 0.660460
omisego
OmiseGO (OMG) $ 1.22
lisk
Lisk (LSK) $ 1.25
holotoken
Holo (HOT) $ 0.000837
kucoin-shares
KuCoin Shares (KCS) $ 1.66
bytom
Bytom (BTM) $ 0.094801
ravencoin
Ravencoin (RVN) $ 0.033417
bittorrent-2
BitTorrent (BTT) $ 0.000662
nano
Nano (NANO) $ 1.04
bitcoin-diamond
Bitcoin Diamond (BCD) $ 0.709864
energi
Energi (NRG) $ 6.65