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Philippine Union Bank Partners With METACO To Launch Crypto Trading Services

NFT, crypto
Published 3 weeks ago
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Philippine Union Bank Partners With METACO To Launch Crypto Trading Services
NFT, crypto,
Published 3 weeks ago

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Digital asset management technology provider, announced that UnionBank is active on the Harmonize platform to provide cryptocurrency trading services.

The Union Bank of the Philippines has partnered with METACO, a Swiss cryptocurrency company, to offer cryptocurrency trading services in Bitcoin and Ethereum.

The plan announcement that was made in January of this year is finally live. The UnionBank is the largest bank in the Philippines.

The Philippines is a crypto-enthusiastic country

According to Henry Aguda, CTO of UnionBank, they are the first regulated bank in the Philippines to allow digital currency exchange.

more than 4% of the Philippine population owns cryptocurrencies. Cathy Casas, Head of Blockchain and App Programming Interface Group at UnionBank.

The average Filipino will likely have 3% to 5% of their personal assets in digital tokens like Bitcoin in five years, assuming the markets are stable. Many cryptocurrency investors are young, some of whom earn virtual game tokens from playing to win.

PHX, pegged to the Philippine peso. UnionBank intended PHX to be a medium of exchange and store of value. Later in April 2022, UnionBank expanded into the metaverse by partnering with the Ark of Dreams metaverse platform.

The world's largest banks are bullish on crypto trading


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    NFT, crypto
    METACO Philippine Union Bank Crypto Ethereum Bitcoin Eth Btc