BSP Wants National QR Code Standard for Payments
According to the BSP, the operational requirement is much lower than investing in point-of-sale terminals and electronic data capture equipment required for card-based payment transactions.
According to the BSP, the operational requirement is much lower than investing in point-of-sale terminals and electronic data capture equipment required for card-based payment transactions.
With 1,500 companies expressing their intention to join the project, Libra Association said around 180 of these have met the criteria.
The regulator further said that cash remittances coursed through banks have also increased.
In a speech during the Finance Executives Breakfast Roundtable at the Grand Hyatt Hotel BGC, Sec. Diokno emphasizes the 3 principles that shape how the BSP regulates fintech.
The strategy involves allocating into cryptocurrencies that have increasing positive sentiments on social media.
BSP has a firm target – raise the percentage of digital payments to 20% in 2020 compared to just 1% in 2013.
COEX STAR is a trademark of ABA Global Philippines Inc, a BSP-Licensed Virtual Currency Exchange in the country.
In a statement sent to BitPinas, UnionBank said this initiative will enable blockchain “cadets” to become future leaders of the Philippine blockchain ecosystem.
100% developed in the Philippines, it leverages new technologies to create “complete documentation of door-to-door shipment from the country of origin to the country of destination.”
Besides BAKKT, Binance said its OTC desk has seen more sell flows than buys. Traders have moved out of their altcoin positions and even BTC positions when BTC prices were around $10,000.