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) $ 3,962.32
ethereum
Ethereum (ETH) $ 147.39
ripple
XRP (XRP) $ 0.336813
eos
EOS (EOS) $ 3.63
litecoin
Litecoin (LTC) $ 48.38
bitcoin-cash
Bitcoin Cash (BCH) $ 146.48
tether
Tether (USDT) $ 0.999316
stellar
Stellar (XLM) $ 0.091383
tron
TRON (TRX) $ 0.025563
cardano
Cardano (ADA) $ 0.047600
binancecoin
Binance Coin (BNB) $ 10.32
bitcoin-cash-sv
Bitcoin SV (BSV) $ 68.28
monero
Monero (XMR) $ 52.26
iota
IOTA (MIOTA) $ 0.311452
dash
Dash (DASH) $ 88.35
neo
NEO (NEO) $ 9.12
ethereum-classic
Ethereum Classic (ETC) $ 4.68
maker
Maker (MKR) $ 599.21
ontology
Ontology (ONT) $ 0.689550
nem
NEM (XEM) $ 0.043584
tezos
Tezos (XTZ) $ 0.451295
zcash
Zcash (ZEC) $ 55.68
waves
Waves (WAVES) $ 2.79
holotoken
Holo (HOT) $ 0.001462
usd-coin
USD Coin (USDC) $ 1.01
dogecoin
Dogecoin (DOGE) $ 0.002077
vechain
VeChain (VET) $ 0.004347
okb
OKB (OKB) $ 0.767325
bitcoin-gold
Bitcoin Gold (BTG) $ 12.21
true-usd
TrueUSD (TUSD) $ 1.01
omisego
OmiseGo (OMG) $ 1.32
zilliqa
Zilliqa (ZIL) $ 0.018989
qtum
Qtum (QTUM) $ 2.19
basic-attention-token
Basic Attention Token (BAT) $ 0.142505
chainlink
ChainLink (LINK) $ 0.465029
decred
Decred (DCR) $ 17.46
lisk
Lisk (LSK) $ 1.25
augur
Augur (REP) $ 14.07
0x
0x (ZRX) $ 0.251297
bitcoin-diamond
Bitcoin Diamond (BCD) $ 0.776254
zb-token
ZB Token (ZB) $ 0.134384
bytecoin
Bytecoin (BCN) $ 0.000683
bitshares
BitShares (BTS) $ 0.046558
nano
Nano (NANO) $ 0.911160
pundi-x
Pundi X (NPXS) $ 0.000702
digibyte
DigiByte (DGB) $ 0.009931
icon
ICON (ICX) $ 0.241048
paxos-standard
Paxos Standard (PAX) $ 0.998919
iostoken
IOST (IOST) $ 0.008078
komodo
Komodo (KMD) $ 0.923882