Union Bank of the Philippines Launching Cryptocurrency ATM

boyptc

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Quote from: Noilee on May 08, 2019, 07:15:15 AM

Good news, especially to the people who are investing in bitcoin, it shows only that Philippines are really appreciate cryptocurrency. Maybe later there are some countries are convincing to launching cryptocurrency Atm also, because of what the Philippines did.

It is one of the crypto friendly country in Asia. Although PH is a small country, its stand with cryptocurrency and on how it reacts with adoption is very encouraging.

Quote from: Noilee on May 08, 2019, 07:15:15 AM

It also increase the number of people who investing in cryptocurrency.

There's a report last year that monthly transactions were increasing up to $40M.

Noilee

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Good news, especially to the people who are investing in bitcoin, it shows only that Philippines are really appreciate cryptocurrency. Maybe later there are some countries are convincing to launching cryptocurrency Atm also, because of what the Philippines did. It also increase the number of people who investing in cryptocurrency.

n0ne

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Philippines already holds a big userbase over the Asian countries, now a banking firm supporting with the launch of an ATM will help with the growth of bitcoin further. These new ATMs used to serve as a promotion medium, because more the growth more will be the ease in the access. Here with more and more ATM we can confirm the growth is happening. Following the same can expect more banking firms to start launching their own bitcoin ATMs.

jademaxsuy

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Quote from: ubay on April 12, 2019, 02:09:49 PM

That's very good news, the development of bitcoin is increasingly supported by the existence of bitcoin ATMs. Hopefully there will be many more countries that adopt bitcoin as a currency.

Well, I am trying to reach out the bank since I am also from.the Philippines but for now there is no assurance that cryptocurrency will be adapted. One of the branches of the bank did not even know about the plan. So, this might be a fake news and here in the Philippines fake news is more rampant than the real one.

bitcoin31

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Quote from: Vektrum on May 03, 2019, 06:59:53 AM

The Philippines continues to be pleasantly surprised by its progressiveness and interest in Bitcoin and cryptocurrencies in general. Cryptocurrency infrastructure in this country has grown strongly lately and is developing much faster than even in European countries.

That is righr one of the good country who adapting bitcoin is the Philippines because we have own wallet where we can buy bitcoin and sell and now another bitcoin ATM MACHINE that you can sell /buy bitcoin and it is supported by the bank and not only a bank it is one of the famous banks in the Philippines for sure next few years more Bitcoin ATM machine will be launch in the Philippines.

Baofeng

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Quote from: goaldigger on May 03, 2019, 08:19:15 AM

Atlast. An ATM with the real function of cryptocurrency. I am really tired of withdrawing cash from Security bank which is always having a system error and always ending up calling their customer service after. Its so hassle because instead of immediate cash, you will get it after 2 to 3 days. Hope they will install something near me.

I think coins.ph will discontinue supporting Security Bank. I don't know that reasons, but I haven't tried that options for a long time now because of the issues you have describes. Anyways, since I posted this thread, someone already visited the physical site with actual pictures, will link it here once I found it.

goaldigger

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Atlast. An ATM with the real function of cryptocurrency. I am really tired of withdrawing cash from Security bank which is always having a system error and always ending up calling their customer service after. Its so hassle because instead of immediate cash, you will get it after 2 to 3 days. Hope they will install something near me.

Vektrum

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The Philippines continues to be pleasantly surprised by its progressiveness and interest in Bitcoin and cryptocurrencies in general. Cryptocurrency infrastructure in this country has grown strongly lately and is developing much faster than even in European countries.

TheKeyLongThumbI

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Quote from: Vaculin on May 02, 2019, 11:19:52 AM

Quote from: jonaire99 on May 02, 2019, 03:24:45 AM

The recent moves of a well-known bank to establish a bitcoin atm in the philippines is really a step in the right direction because it will further raise the awareness of the filipinos on bitcoin and cryptocurrencies. This will also speed up the adoption of bitcoin in the Philippines becahse it was spearheaded by the bank. Many bitcoin exchanges and some blockchain related companies have been established in this southeast asian nation so it is possible that someday it will also become one of the leading blockchain hub in asia.

Yes Philippines has just on its right tract to start adopting bitcoin through its atm machine which is spearheaded by one of the biggest bank in the country. This will definitely promote awareness to all Filipinos that bitcoin can be of great relevance in their lives not just as a payment system but even as a good investment that will generate good profits.

Philippines is an asian country that is highly influenced by Japan and Korea so that must be the reason that they are so positive and wants to adopt and embrace the cryptocurrency. The crypto atm launch is going to be the start of their journey to become a very rich economy just like the 2 country I mentioned and with the help of btc and its innovation in the future.

simongros

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Awesome news and this will do wonders for the industry. Even if Bitcoin does not survive forever, the adoption and tech of Cryptocurrency is only getting bigger.

Vaculin

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Quote from: jonaire99 on May 02, 2019, 03:24:45 AM

The recent moves of a well-known bank to establish a bitcoin atm in the philippines is really a step in the right direction because it will further raise the awareness of the filipinos on bitcoin and cryptocurrencies. This will also speed up the adoption of bitcoin in the Philippines becahse it was spearheaded by the bank. Many bitcoin exchanges and some blockchain related companies have been established in this southeast asian nation so it is possible that someday it will also become one of the leading blockchain hub in asia.

Yes Philippines has just on its right tract to start adopting bitcoin through its atm machine which is spearheaded by one of the biggest bank in the country. This will definitely promote awareness to all Filipinos that bitcoin can be of great relevance in their lives not just as a payment system but even as a good investment that will generate good profits.

jonaire99

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The recent moves of a well-known bank to establish a bitcoin atm in the philippines is really a step in the right direction because it will further raise the awareness of the filipinos on bitcoin and cryptocurrencies. This will also speed up the adoption of bitcoin in the Philippines becahse it was spearheaded by the bank. Many bitcoin exchanges and some blockchain related companies have been established in this southeast asian nation so it is possible that someday it will also become one of the leading blockchain hub in asia.

blockchainwriters

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if a bank itself encourages to launch a cryptocurrency then we may expect other countries to follow similar kind of adoption of cryptocurrency atms

Bustart

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Quote from: Unblock_news on May 01, 2019, 10:54:34 PM

People will then be able to convert fiat to cryptocurrency and vice versa lot easier using UnionBank's crypto ATM.

Check this article: https://www.unblock.news/technology/unionbank-crypto-atm-launch-march-8

It's such a good news knowing that one of the largest banks in the Philippines is launching a cryptocurrency ATM. It aims to regulate for the use of financial services and payments. It creates a sense of progress and growth in the field of crypto that its demand is increasing day by day. It also open doors for new investors to join the market and for other countries to adopt cryptocurrency and realize its real value and functionalities.

Unblock_news

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People will then be able to convert fiat to cryptocurrency and vice versa lot easier using UnionBank's crypto ATM.

Check this article: https://www.unblock.news/technology/unionbank-crypto-atm-launch-march-8

Ailmand

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It's actually great that they are starting to create crypto ATM in Philippines. But, I think this will not be fully utilized since only few know about bitcoin and few are using it in Philippines. However, this is still a good news since there will be another alternative for Filipinos to cash-out their money aside using remittance services.

teejayrichard2

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I must commend the endless effort of the Philippines in trying to promote bitcoin usage and make sure it is adopted for use in the country. This is good and i believe it will give bitcoin users across the country access to bitcoin with ease. soon enough this will also spread across neighbouring countries as time goes on.

ubay

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That's very good news, the development of bitcoin is increasingly supported by the existence of bitcoin ATMs. Hopefully there will be many more countries that adopt bitcoin as a currency.

purple.thoughts

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I can say that based on how I see bitcoin adaptation here in the Philippines, banks will really make their first move to get clients open their account from them because of crypto. There are really a lot of us who use bitcoin here in the Philippines that is ehy it is being adapted.

Reppeps1417

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Well somebody has to initiate right. I hope for it to be a great initial steps for Cryptocurrency banking.

Even if it would not meet the expectations I'm happy that people are starting to make it work.
Cryptocurrency would really undergo a lot of innovations, no doubt.

Topic: Union Bank of the Philippines Launching Cryptocurrency ATM (Read 1016 times)