Updated to include a tweet from Mr. Colin Goltra, former Head of Cryptocurrency at Coins.ph
Updated 9:19 pm (UTC+8) to include that Mr. Hose no longer works at Coins.ph.
Updated June 29, 2020: An updated PSE disclosure from UnionBank revealed Mr. Hose is no longer with Coins.ph
September 28, 2020 – Ron Hose, the former CEO of Bitcoin, cryptocurrency and mobile wallet Coins.ph, one of the licensed virtual currency exchange (VCE) in the Philippines has been appointed independent director of UnionBank, a major universal bank in the country.
The news was first revealed via a disclosure (alternative link on BitPinas here) to the Philippine Stock Exchange (PSE) today. Dated Sept. 25, it revealed that UnionBank’s Board of Directors elected Mr. Hose as an independent director to serve the remaining term of office of Mr. Edwin M. Elechicon, who passed away last June.
Note that the original PSE disclosure mentioned Mr. Hose as CEO of Coins.ph while also stating that his tenure at Betur Inc and DCPay, the companies that make up the Coins.ph brand ended in 2020. Sept. 29, 2020: An updated disclosure said Mr. Hose is CEO of Coins.ph from 2014 to 2020.
Based on an article in Inquirer (the story does not have an online version), Ron Hose has left Go-Jek, which acquired Coins.ph in 2019.
Mr. Hose will serve in the following Board Committees:
- Market Risk Committee as Chairman
- Risk Management Committee as Regular Member
- Operations Risk Management Committee as Regular Member
- Corporate Governance Committee as Regular Member
- Technology Steering Committee as Regular Member
UnionBank’s disclosure took note of Mr. Hose’s accomplishments. A graduate of Cornell University in 2005 with a Masters of Engineering Degree in Computer Science, he is the Founder and CEO of Coins.ph, a cryptocurrency and mobile wallet with more than 5 million customers. Mr. Hose also held positions in Zapeddy and served as CTO and Director of TokBox, Inc. from 2007 to 2009.
Coins.ph is one of the first to receive the virtual currency exchange (VCE) license from the Bangko Sentral ng Pilipinas (BSP), the country’s central bank, which allowed it to engage in cryptocurrency to fiat transactions and vice versa. Coins.ph also has an e-money license, allowing it to legally engaged in electronic money services.
To the credit of @UnionBankPH / @UBXPhilippines, they've done plenty of smart things in the FinTech space here in the Philippines…
However all that other stuff pales in comparison to this – their smartest move yet by far!
— Goltra (@Goltra) September 28, 2020
Coins.ph and UnionBank have had numerous collaborations through the years. A highlight was the bank’s Bitcoin ATM, which is powered by Coins.ph’s to enable its system. Essentially, buying Bitcoin through UnionBank’s ATM is based on the rates found on Coins.ph.
Coins.ph and UnionBank are members of multiple organizations promoting fintech for financial inclusion and blockchain, including Fintech Philippines Association and the Distributed Ledger Association of the Philippines.
This article is published on BitPinas: Crypto Wallet Coins.ph CEO Ron Hose is UnionBank’s New Director
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