UnionBank Launching Cryptocurrency (Stablecoin) PHX
UnionBank of the Philippines launched the stablecoin called PHX to facilitate a blockchain-based cross-border remittance transaction.
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Remittance
UnionBank Pilots Blockchain-based Remittance from SG to PH
The test was done on June 27 by remitting money from OCBC bank in Singapore to Cantillan Bank in Surigao.
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Bitspark CEO Explains the Importance of Peso Stablecoin (and Stablecoins in General)
Bitspark said they see this as a way forward to introduce stablecoins without the need for understanding blockchains directly.
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Ripple xRapid Has a New Remittance Partner for Philippines
Vienna-based fintech startup Transpaygo announced its addition as one of Ripple’s partners for xRapid, its cross-border money transfer system powered by XRP.
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Philippines Bloom Finds Blockchain Remittance Partner in Remiit
The two companies also agreed to partner when it comes to marketing and market exploration.
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A Growing 15.8% of Remittances from the US are via Cryptocurrency
A growing number of people from the United States are now showing a bigger interest in using cryptocurrency as a means of sending money.
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Cheaper Australia-Philippines Remittances Using Blockchain
A company wants to use blockchain to speed up remittance transactions from Australia to the Philippines.
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Ripple-Powered SendFriend to Help Cut US to PH Remittance Costs
SendFriend, a Ripple-powered xRapid payments solution aims to cut costs and speed up remittances from the US to the Philippines.
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Research Forecasts that Blockchain will Lessen the Cost of Remittances by 2022
Ken Research projected that from 2018-2022, the Ethereum blockchain will become a primary means to lessen the cost of remittances.
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Aniko Successfully Completed a Fiat Transfer from UAE to the Philippines
Based in the Middle East, the company aims to support one of the largest source of remittances to Asia by developing its own blockchain-powered solution.
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