Union Bank of the Philippines Launching Cryptocurrency ATM - page 4.

Siren

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Quote from: ASHLIUSZ on February 19, 2019, 01:34:05 PM

Cryptocurrency ATM is a must when more and more users get into the network. Philippines being one of the country in the Asian continent having lots of cryptocurrency users coming with a plan to launch its own cryptocurrency ATM is truly appreciable. The same being done by one of the leading banking service provider Union Bank will let reach common people with ease.

Actually theres already an Bitcoin ATM in Makati and Baguio mate but this one is better because this may offer many cryptocurrency than just a bitcoin so i am looking forward about this,though Coins.Ph also offered 5 of the too cryptocurrency so far yet ATM will be more appealing than just a Local Wallet an offer

Quote from: kumar jabodah on February 23, 2019, 10:51:00 PM

This is a great success for us, Because the virtual currency will rise faster and many people will have the interest to try to use it. Hopefully, other banks will also take steps to accept the crypto currency because it will greatly contribute to the betterment of the economy and all transactions will be fast.

Before we wish other banks to have same as this,better we spread first the cryptocurrency to the whole nation,because we need another supporters aside from as all,crypto must be spread and adopted by many

Bonsaiav

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Quote from: Baofeng on February 09, 2019, 10:40:44 PM

Union Bank of the Philippines Launching Cryptocurrency ATM

With the launch of crypto ATM in the Philippines, of course this thing will real benefit all crypto users in the country, what else's launching the crypto ATM is one of the largest banks in the Philippines. I hope the existence of crypto ATMs in the Philippines can last a long time, so the growth of people who adopt crypto can reach the target as many people expect especially cryptocurrency users as a whole.

kumar jabodah

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This is a great success for us, Because the virtual currency will rise faster and many people will have the interest to try to use it. Hopefully, other banks will also take steps to accept the crypto currency because it will greatly contribute to the betterment of the economy and all transactions will be fast.

tunapa

jr. member

Activity: 667

Merit: 1

This is really going to be great and it will be a major boost for crypto atmosphere especially for the fact that it’s coking from a bank. Another special feature is that it will be a two way atm which I think will Ben able to run both transactions for fiat and bitcoin. This is indeed awesome and I hope more of this happens even in other locations.

Oasisman

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I have heard before that there were handful of Bitcoin ATM particularly in Manila right?? Now, if Im not mistaken, those machines is owned by international private companies deployed in the Philippines (I dont know much about it since it didnt catch my attention because my location is way too far from the business capital in PH)
Anyway, this is gonna be great if Union Bank will deploy atleast one Bitcoin ATM in all region.

sapnu

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Quote from: dothebeats on February 10, 2019, 01:21:43 AM

Quote from: nutildah on February 10, 2019, 12:29:50 AM

I think this is mainly for promotion of their bank -- they are probably trying to appeal to the younger generations and give themselves a reason to stand out among other banks. More power to them. I won't click on the link because I boycott bitcoin.com but I wonder is it available to everybody for use or only registered account holders? I also praise the government of the Philippines for maintaining a rather "hands off" approach when it comes to crypto regulations.

True, though I know that a lot of Filipino miners and traders utilize Unionbank's services for their needs, alongside BDO and BPI (which are the biggest banks here.) The Philippines is a country ripe for the picking for cryptocurrency investments and startups, as the country is somewhat friendly towards such ventures knowing that it could potentially drive profit and boost employment should someone decide to open up a firm here. Anyway, I don't think bitcoin ATMs are that relevant for the Filipino community, but it's a good way of telling and reminding people that at the least, the scene is somewhat ramping up its game.

This was actually a good news for everyone especially holders of cryptocurrency in the philippines. I think this is for better transaction making easy payment and savings for our bitcoins. Due to this news, i think cryptocurrency will be more famous in the philippines as the government recognized it.

rachellee

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This is great news, not only for the Filipinos but also for other developing nations. This might kindle the fire for other third world countries to embrace and adopt crypto also. And we all know for a fact that the more nations are adopting the bitcoin concept, the higher is the probability for crypto to be be legally accepted.

chaintee8989

copper member

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This is a little step and a brave decision to install ATMs by Union Bank. I believe it will spread the name of Bitcoin and cryptocurrency in Phillipines. They should make regulation for crypto exchanges, to obtain a registration certificate to operate as a remmitance.

susuberuang

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Quote from: Becky666 on February 23, 2019, 02:31:20 AM

Recent happening around the cryptocurrency has been good news and we wish this to continue which could lead to the adoption and acceptance of the technology. Philippines launching cryptocurrency ATM is a welcome development which act as an eye opener to other countries to follow.

yes you are right now there is a lot of good news popping up, even in 2020 there will be better news and will make the price of bitcoin back to be even more expensive than the previous price of just under $ 4k so this can recover again on it.

Becky666

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Recent happening around the cryptocurrency has been good news and we wish this to continue which could lead to the adoption and acceptance of the technology. Philippines launching cryptocurrency ATM is a welcome development which act as an eye opener to other countries to follow.

Blockfolioz

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Though Philippines is a small country, it has got large number of cryptocurrency users. Union Bank clearly understands the need of the people and this has made them come up with the solution of launching cryptocurrency ATM which at present is not available even in grown countries.

PlusOne88

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“Tackling Climate Change Using Blockchain”

This is a good idea for Philippines. It is an eye opener and for those who haven't been into cryptocurrency. Philippines is a very small country but people are so open-minded to ideas and technologies which could be beneficial to the whole country. I would agree to most of the comments that are positive as this could be opening new door ways to the use of cryptocurrency which others might have taken for granted. Philippines is small as it is but bigger in its ideas to engage more on the use of this technologies. Good work Union Bank!

meanwords

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That is actually good news because the bank itself that many people refer to as "against crypto" is the one who is promoting it. You can see how they will adapt and use every means to maximize the potential of cryptocurrency. But I think it's going to be Bitcoin only.

teejayrichard2

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this is so so good to hear. Indeed bitcoin is moving to places even at a greater pace than we thought initially. if Philippines can come up with this am positive other countries will hoin them soon enough. Bitcoin is just getting started, more to come soon

idham29

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Quote from: Rebisco on February 19, 2019, 10:01:22 AM

As time passing by, we keep seeing improvements in the cryptocurrency world. The Union bank will become a great factor to the citizens of the Philippines to become interested in using bitcoins. The reason why union bank is now launching bitcoin atms are because they saw that there are a lot of people in the country who are interested in patronizing bitcoins.

Bank Union Philippines sees a business opportunity by launching an ATM cryptocurrency, because more tourists or Filipinos are using crypto digital money.
The bank always looks at it from the business side, therefore whoever sees the opportunity early and is brave enough to take a decision will enjoy the profit first and one step further.

Jating

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Quote from: ASHLIUSZ on February 19, 2019, 01:34:05 PM

Cryptocurrency ATM is a must when more and more users get into the network. Philippines being one of the country in the Asian continent having lots of cryptocurrency users coming with a plan to launch its own cryptocurrency ATM is truly appreciable. The same being done by one of the leading banking service provider Union Bank will let reach common people with ease.

I wouldn't say it's a must, but probably just a "nice-to-haves".

I say this because those bitcoin ATM machines will charge you huge fees to begin with so I don't think it's a nice idea for crypto enthusiast to rely on these ATM machines. Localbitcoins is still the best way, if you have to ask me. What makes this special though is that the machine will come directly from a bank in the Philippines, which is unheard of, as far as I know.

ASHLIUSZ

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Cryptocurrency ATM is a must when more and more users get into the network. Philippines being one of the country in the Asian continent having lots of cryptocurrency users coming with a plan to launch its own cryptocurrency ATM is truly appreciable. The same being done by one of the leading banking service provider Union Bank will let reach common people with ease.

Godric-Gryffindor

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This step will definitely improve the lives of many in the Philippines, living in the Philippines has been the most unfathomable experience I will definitely treasure in my life. Banking in this country, as much as I remember is never been easy, you have to wait in a long line just make a transaction. This move will definitely make anyone's life living in the Philippines even more exciting.

Rebisco

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As time passing by, we keep seeing improvements in the cryptocurrency world. The Union bank will become a great factor to the citizens of the Philippines to become interested in using bitcoins. The reason why union bank is now launching bitcoin atms are because they saw that there are a lot of people in the country who are interested in patronizing bitcoins.

kramchers

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Quote from: mk4 on February 09, 2019, 10:59:54 PM

I usually think that new bitcoin ATMs aren't that relevant(though any publicity is good publicity I guess), but knowing that a bank itself is releasing a bitcoin ATM? That's quite a big deal in my opinion.

It is not on just on that point. it is all about the development happening and the adaptation of the currency within a country.
I think this is not just a good new but a good addition to make the demand better not just in the Philippines but also other part of the world.

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