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âWe remain the only bank with real links to crypto exchanges and open to retail accounts and traders,â Arvie de Vera of UnionBank said in a phone interview.
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The announcement was said during the virtual media roundtable E-TalkTales on Tuesday, December 21.
Read more UnionBank was recently involved with the âNagoyoâ scam where BDO accounts were hacked by a scammer named âMark D. Nagoyoâ, who has multiple UnionBank accounts, the cybercriminal stole up to P25,000 thousand to P50,000 pesos per account.
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Bookshelf PH stated that âOpening the Archipelago: the Story of Blockchain in the Philippinesâ is the essential guide to understanding blockchain technology as it applies to the Philippines.
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Aboitiz-led Union Bank of the Philippines (UnionBank) said that it received the approval of the Securities and Exchange Commission (SEC) to put up a digital banking subsidiary.
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This is the list of banks and their corresponding credit card fees when buying crypto through credit cards in the Philippines.
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The first stage is to provide digital asset custody to UnionBank employees.
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UnionBank is the first publicly-listed Philippine bank to be granted a digital banking license by the BSP.
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Unionbank will create a new subsidiary which will be called Union Digital Bank (UnionDigital) according to a recent filing.
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Official sources at UnionBank confirmed to BitPinas the blockchain technology that was used to trial the bond issuance.
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