News dalla rete ITA

21 Gennaio 2022

Filippine

PHILIPPINE BANK TO LAUNCH CRYPTO TRADING SERVICE

Union Bank of the Philippines plans to offer trading and custodial services for cryptocurrencies to capitalise on fast adoption of digital tokens in the Asian nation.The average Filipino investor will likely hold 3-5 per cent of their personal assets in digital assets like Bitcoin in 5 years assuming markets are "stable", up from around 1-2 per cent now, said Cathy Casas, head of the bank's blockchain and application programing interface group. About 5 per cent of the local population have dabbled in cryptocurrencies, Casas estimated. That is in line with the global average, according to an estimate from Binance Holdings, operator of the world's largest cryptocurrency exchange.The bank's custodial services for digital assets will also be capable of covering tokenised bonds, Casas said. In 2019, UnionBank became the first Philippine lender to launch its own stablecoin - called PHX - providing rural banks in its network easier access to remittances and payments.UnionBank will use a system developed by Switzerland's Metaco for managing its digital-asset operations.https://www.businesstimes.com.sg/banking-finance/philippine-bank-to-launch-crypto-trading-service (ICE SINGAPORE)


Fonte notizia: The Business Times, 20 January 2022