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Topic: [NEWS] Philippine Bank RCBC to Issue Peso-backed Stable Coin - page 2. (Read 319 times)

full member
Activity: 798
Merit: 104
This is a good sign na dumarami na ang tumarangkilik sa crypto related mas favor ito para atin kung saka sakaling dumagsa ang tatangkilik sa cryptocurrency, as what OP mentioned aboved mukhang katulad din ng Union bank sana nag sanib nalang sila well ganun talaga mas marami mas maganda since mag issue sila ng stable coins mas mura ang magiging fee nito since dadaan ito sa blockchain mas secured pa ang magiging transaction.
sr. member
Activity: 657
Merit: 270
So meron nanamang isang bank ang mag iissue ng stable coin sa bansa natin.

I would be happy kung merong mga benefits na pwede natin mapa kinabangan sa kanila right? at dahil supportado naman natin sila
legendary
Activity: 2114
Merit: 1147
https://bitcoincleanup.com/
This is a good news, but do you have an idea how we can benefit on this? anyone have an idea?
I like this progress to help us get the best rates in the market, especially the BTC rates where we are not enjoying the coins.ph rates.

And also, I'd like to know how to acquire this stable coin, is this available in popular exchanges?
I have a lot of questions in my mind, and since this was not launch yet, I cannot get the right answer but I'd like to hear your thoughts on this.
Ang mang yayari dito boss sa palagay ko magiging kalaban na nila ang coins.ph sa pag papapalit ng mga cryptocoins  sa stable coins nila yan sa palagay ko ang magiging benefits at tsaka diba meron exchange na dinedevelop ang coins.ph which is coins.pro so sa palagay ko pag dumami na ang mga coins dito sa pinas madadagdag na ito sa coins pro at ilalaunch na ang coins pro public to all pinoys.

Sa palagay ko makakakuha ka lang ng stable coin na to kung verified user ka sa banko kasi ito ngayon ang pinag kakabusihan ng mga business ngayon to require KYC bago mo ma redeem ang coins kagaya na lang sa mga ICO.

Sa ngayon hanggang hula lang muna tayo. Base sa purpose as quoted in OP, tingin ko magkaroon ng internal exchange ang bangko.

Halimbawa:

Magpapadala ang isang OFW sa kanyang pamilya gamit ang stable coin at  kapag natanggap na ng pamilya niya, pwede na agad i-convert directly to fiat sa bangko. Since sa blockchain magaganap ang transfer, mas mura ito at mas mabilis.
legendary
Activity: 1638
Merit: 1046
This is a good news, but do you have an idea how we can benefit on this? anyone have an idea?
I like this progress to help us get the best rates in the market, especially the BTC rates where we are not enjoying the coins.ph rates.

And also, I'd like to know how to acquire this stable coin, is this available in popular exchanges?
I have a lot of questions in my mind, and since this was not launch yet, I cannot get the right answer but I'd like to hear your thoughts on this.
Ang mang yayari dito boss sa palagay ko magiging kalaban na nila ang coins.ph sa pag papapalit ng mga cryptocoins  sa stable coins nila yan sa palagay ko ang magiging benefits at tsaka diba meron exchange na dinedevelop ang coins.ph which is coins.pro so sa palagay ko pag dumami na ang mga coins dito sa pinas madadagdag na ito sa coins pro at ilalaunch na ang coins pro public to all pinoys.

Sa palagay ko makakakuha ka lang ng stable coin na to kung verified user ka sa banko kasi ito ngayon ang pinag kakabusihan ng mga business ngayon to require KYC bago mo ma redeem ang coins kagaya na lang sa mga ICO.
hero member
Activity: 1050
Merit: 529
Student Coin
This is a good news, but do you have an idea how we can benefit on this? anyone have an idea?
I like this progress to help us get the best rates in the market, especially the BTC rates where we are not enjoying the coins.ph rates.

And also, I'd like to know how to acquire this stable coin, is this available in popular exchanges?
I have a lot of questions in my mind, and since this was not launch yet, I cannot get the right answer but I'd like to hear your thoughts on this.
legendary
Activity: 1638
Merit: 1046
Mukang dumarami na ang umaayon sa related blockchain coin ah at mukang ang mga banko pag papalagan din sa pinas para lang maiwasan na rin ang mga scam.

Hintayin nyo lang ako mag lalabas din ng coin blockchain related din dito sa pinas inaaral ko lang at nasa testnet pa ang ginagawa ko ang problema ko lang yung related sa security at bugs kung paano ma sosolve. After nito ooffer ko skill ko sa security bank para mag karon din sila ng blockchain related coin.

Sa totoo lang marami nang mga universities na nag tuturo ng related sa blockchain technology at possible na mag lalabas pa ng iba ibang coin dito sa pinas magiging online base na ang payment lahat dito sa pinas.

Wag lang sana maging decentralized.
hero member
Activity: 2912
Merit: 627
Vave.com - Crypto Casino
Akala ko magsasanib pwersa sila ni Unionbank para sa iisang peso stable coin pero mukhang may competition na agad. Okay lang yan as long as cryptocurrency yan ibig sabihin pumapasok na din mga bangko pagdating sa adoption. Di na ako magtataka in the future kung pati bitcoin meron na rin silang option na tumanggap at mag process direkta as an exchange. Simula palang ito baka pati yung ibang kilalang mga bangko sumunod sa mga yapak nila.
legendary
Activity: 2114
Merit: 1147
https://bitcoincleanup.com/
Pagkatapos natin mabalitaan na may plano ang Union bank na maglabas ng peso stable coin (UPHP), may bago nanaman bangko ang plano maglabas ng isa pang peso-backed stable coin.


Quote
Global firm and blockhain solutions provider IBM announces IBM Blockchain World Wire, a blockchain-based global payments network designed to process transactions in real time. The Philippines’ Rizal Commercial Banking Corporation (RCBC) have signed a letter with the multinational company intending to launch their own stable coins backed by the Philippine Peso on the IBM World Wire.


Quote
RCBC is pleased to be an early innovator with plans to issue our own Peso stable coin on World Wire, pending final approval from our regulators,” – Manny T. Narciso, First Senior Vice President, RCBC


Isa sa mga gamit ng stable coin nil ay para mas mapabilis ang pagpapadala ng mga kababayan nating nasa ibang bansa.

Quote
New comments from RCBC reveals that one intent of their issuance of stablecoin is for the benefit of OFW beneficiaries (people who receive money from OFWs). Because the transactions will become faster and middlemen are eliminated, it will result to cheaper transaction fees, Mr. Narciso said that while these fees may look small, when converted to Pesos, it’s actually worth a lot.

Source: https://bitpinas.com/news/ibm-rcbc-stable-coin-peso-world-wire/

Samantalang sa isang bansa ay nilalabanan ng mga bangko ang cryptocurrency, mukhang dito naman ay naguunahan sila  Grin
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