Weekly Wrap-Up: Tesla Will Only Accept Bitcoin If This Happens (June 14, 2021)
Xian Gaza, Xian Coin, Axie Infinity, and BPI were the hot stories last week. Also DICT conducted a blockchain basics seminar.
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BPI
BPI No Longer Allows Crypto Transactions
The ban from BPI didn’t make sense because GCash, a sister company (both are part of the Ayala group) recently expressed interest to add cryptocurrency functions on the GCash mobile app.
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Luis Buenaventura II: PH Crypto Industry’s Dirty Little Secret
It’s truly saddening to still be marginalized after all this time operating in the regulated space.
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Digital Banking Grows During ECQ
The enhanced community quarantine (ECQ) has triggered the increase in the number of people using digital banking in the Philippines.
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Philippine Banks Are Interested With the Blockchain, but Not With Cryptocurrency
Banks are now looking at the blockchain as a way to improve efficiency across their systems. However, they are still cautious on cryptocurrencies.
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