UnionDigital Bank Eyes Venturing Into NFT
The announcement was said during the virtual media roundtable E-TalkTales on Tuesday, December 21.
The announcement was said during the virtual media roundtable E-TalkTales on Tuesday, December 21.
UnionBank was recently involved with the “Nagoyo” scam where BDO accounts were hacked by a scammer named “Mark D. Nagoyo”, who has multiple UnionBank accounts, the cybercriminal stole up to P25,000 thousand to P50,000 pesos per account.
BDO has denied changing its terms and conditions for online banking stating that these have long been in place.
PayMaya points out that putting crypto products in their app is part of its roadmap, and the firm is “approaching it purposively.”
In a statement, BDO acknowledged the “sophisticated fraud technique” and assured their account holders that they have already implemented additional security measures. Furthermore, the bank said it will reimburse their customers’ losses.
PayMaya is looking for a crypto product manager and investment manager for cryptocurrencies.
As early as May, Sazon already stated that the firm is looking into offering, buying, selling and storing cryptocurrency.
Aboitiz-led Union Bank of the Philippines (UnionBank) said that it received the approval of the Securities and Exchange Commission (SEC) to put up a digital banking subsidiary.
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