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) $ 5,255.00
ethereum
Ethereum (ETH) $ 171.85
ripple
XRP (XRP) $ 0.330532
eos
EOS (EOS) $ 5.43
bitcoin-cash
Bitcoin Cash (BCH) $ 306.25
litecoin
Litecoin (LTC) $ 81.85
binancecoin
Binance Coin (BNB) $ 23.71
cardano
Cardano (ADA) $ 0.078459
stellar
Stellar (XLM) $ 0.114840
tether
Tether (USDT) $ 1.00
tron
TRON (TRX) $ 0.026250
monero
Monero (XMR) $ 68.88
cosmos
Cosmos (ATOM) $ 4.82
dash
Dash (DASH) $ 123.84
bitcoin-cash-sv
Bitcoin SV (BSV) $ 59.28
tezos
Tezos (XTZ) $ 1.31
iota
IOTA (MIOTA) $ 0.305244
ontology
Ontology (ONT) $ 1.30
neo
NEO (NEO) $ 11.02
ethereum-classic
Ethereum Classic (ETC) $ 6.24
maker
Maker (MKR) $ 629.36
nem
NEM (XEM) $ 0.063562
okb
OKB (OKB) $ 1.79
basic-attention-token
Basic Attention Token (BAT) $ 0.369695
zcash
Zcash (ZEC) $ 69.11
crypto-com-chain
Crypto.com Chain (CRO) $ 0.082632
vechain
VeChain (VET) $ 0.007164
dogecoin
Dogecoin (DOGE) $ 0.002840
bitcoin-gold
Bitcoin Gold (BTG) $ 17.12
omisego
OmiseGO (OMG) $ 1.96
lisk
Lisk (LSK) $ 2.02
waves
Waves (WAVES) $ 2.66
usd-coin
USD Coin (USDC) $ 0.998378
holotoken
Holo (HOT) $ 0.001394
decred
Decred (DCR) $ 25.09
augur
Augur (REP) $ 21.35
qtum
Qtum (QTUM) $ 2.87
nano
Nano (NANO) $ 1.64
bitcoin-diamond
Bitcoin Diamond (BCD) $ 1.14
ravencoin
Ravencoin (RVN) $ 0.062799
true-usd
TrueUSD (TUSD) $ 0.998791
zilliqa
Zilliqa (ZIL) $ 0.021933
0x
0x (ZRX) $ 0.324205
chainlink
ChainLink (LINK) $ 0.515075
bytom
Bytom (BTM) $ 0.117868
icon
ICON (ICX) $ 0.368233
bytecoin
Bytecoin (BCN) $ 0.000938
iostoken
IOST (IOST) $ 0.012645
bitshares
BitShares (BTS) $ 0.062109
digibyte
DigiByte (DGB) $ 0.013856