EOS Philippines Launched

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A corporation experienced in online gaming in Asia, LR Data Center & Solutions Inc. (LR Data), recently launched EOS Philippines. It will support EOS’ global network and infrastructure.

The Vice Chairman of LR Data, Mr. Enrique Y. Gonzales, shared his enthusiasm and optimism about the EOS launch in the Philippines. The company is excited to face the opportunities the platform brings, such as a new form of digital transaction in the country.

“With the launch of EOS Philippines, LR Data is at the forefront of infrastructure provisioning and supporting decentralization and democratization. Financial technology and blockchain is going to be a pillar of our business model moving forward.” – Mr. Enrique Y. Gonzales, Vice Chairman, LR Data Center Solutions Inc.

Mr. Javier L. Benitez, community head of EOS PH, stated that it is important for the country to embrace new innovations. He added that future disruptive applications may be from the EOS platform. By using the Philippines as one of its bases, the country may fully benefit from it.

EOS is a blockchain platform for decentralized Applications or DApps. This platform can help developers create apps on the blockchain. It has a complete operating system that includes user authentication, cloud storage, and server hosting.

Mr. Brock Pierce, Co-Founder of Blockchain Capital, said that the Philippines is a good location to develop blockchain technology. The reason for this is because the country is an English-speaking nation, there’s a good room to make a difference, and there’s a huge percentage of people who are unbanked.

During the CEZA summit on May 21-22, 2018, the Cagayan Economic Zone Authority (CEZA) accepted 15 offshore companies in its Cagayan Special Economic Zone and Freeport (CSEZFP). The signed contracts are estimated to be worth Php 1.7 billion and are from fintech companies and cryptocurrency exchanges.

Source: Business Mirror

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