UnionBank Receives Digital Banking License, Will Launch UnionDigital Bank
Unionbank will create a new subsidiary which will be called Union Digital Bank (UnionDigital) according to a recent filing.
Unionbank will create a new subsidiary which will be called Union Digital Bank (UnionDigital) according to a recent filing.
Official sources at UnionBank confirmed to BitPinas the blockchain technology that was used to trial the bond issuance.
Ron Hose, CEO of Coins.ph is elected as an independent director of UnionBank of the Philippines.
Leading mobile wallet Coins.ph is reported to be integrated with upcoming cryptocurrency automated teller machine (ATM) that will be launched by UnionBank.
UnionBank President and CEO Edwin Bautista said the bank’s digital strategy was key as they scale up their businesses “while maintaining lean operations.”
The World Wide Fund for Nature (WWF) Philippines, Unionbank of the Philippines, and TX partnered up to build and promote Tracey, an application that uses blockchain technology for documentation and verification of fish harvests and traceability data.
Strategic partnership that aims to advance the blockchain ecosystem in the Philippines.
UnionBank also revealed that there were 335 transactions performed last August 2019 and the transaction volume exceeds $1 million.
In a statement sent to BitPinas, UnionBank said this initiative will enable blockchain “cadets” to become future leaders of the Philippine blockchain ecosystem.
UnionBank services basically every licensed virtual currency exchange in the Philippines.