Topic: Union Bank of the Philippines Launching Cryptocurrency ATM - page 7. (Read 1082 times)
Philippines as a country in Southeast Asia is now starting to take good action by launching Crypto ATM. maybe it can be copied by other countries in Southeast Asia and it has become a crypto progress in Southeast Asia.
This is a good sign of adoption in the Philippines, bank adopting crypto is a big thing for the space.
With a crypto friendly government, everything is possible and since Unionbank is one of the biggest bank in the Philippines, I'm sure they
will get the attention of an average joe, they won't call bitcoin as scam anymore since they already see a bank backing it.
I see that coming, since the media's bring bad impressions about bitcoin, as a lots of scam ponzi networking victimized lots of innocents filipinos,With a crypto friendly government, everything is possible and since Unionbank is one of the biggest bank in the Philippines, I'm sure they
will get the attention of an average joe, they won't call bitcoin as scam anymore since they already see a bank backing it.
this move coming from one of the biggest bank around the country will bring light that bitcoin is not that bad to invest with, we need to promote more
about cryptocurrency in order remove those doubts.
Good move, if more banks and businesses promotes the use of cryptocurrency inside the country, it will attract additional people to start investing.
Such good news as this is a great leap towards the crypto currency development and adoption in the Philippines. This is to boost the Filipino crypto community to continuously support the future of payments and to widely share good benefits on having crypto currency in any form of social media platforms.
Union Bank of the Philippines Launching Cryptocurrency ATM
https://news.bitcoin.com/union-bank-philippines-cryptocurrency-atm/
Another compelling moved that the Philippines is really working hard and getting closer to adopt bitcoin as one of the biggest bank in the country is launching a crypto ATM. Union Bank seems to be spearheading this, and as far as I can remember this bank is one of the first if not the first to integrate Paypal as well in the country. So let's see how it goes.
This is a good step for the development of digital currencies in the Philippines, and even systematically will have a positive impact on the pace of crypto development globally. It needs a lot of growth and also the role of crypto support more, with the opening of ATMs it will make crypto at a much higher level in the global financial system. There must be a continuous increase and then we will feel the benefits Quote
One of the largest banks in the Philippines is reportedly launching a two-way cryptocurrency ATM that is in compliance with Bangko Sentral ng Pilipinas’ specifications. In the Philippines, the central bank regulates cryptocurrencies “when used for delivery of financial services, particularly, for payments and remittances.”
https://news.bitcoin.com/union-bank-philippines-cryptocurrency-atm/
Another compelling moved that the Philippines is really working hard and getting closer to adopt bitcoin as one of the biggest bank in the country is launching a crypto ATM. Union Bank seems to be spearheading this, and as far as I can remember this bank is one of the first if not the first to integrate Paypal as well in the country. So let's see how it goes.
This is a good sign of adoption in the Philippines, bank adopting crypto is a big thing for the space.
With a crypto friendly government, everything is possible and since Unionbank is one of the biggest bank in the Philippines, I'm sure they
will get the attention of an average joe, they won't call bitcoin as scam anymore since they already see a bank backing it.
With a crypto friendly government, everything is possible and since Unionbank is one of the biggest bank in the Philippines, I'm sure they
will get the attention of an average joe, they won't call bitcoin as scam anymore since they already see a bank backing it.
Union Bank of the Philippines Launching Cryptocurrency ATM
https://news.bitcoin.com/union-bank-philippines-cryptocurrency-atm/
Another compelling moved that the Philippines is really working hard and getting closer to adopt bitcoin as one of the biggest bank in the country is launching a crypto ATM. Union Bank seems to be spearheading this, and as far as I can remember this bank is one of the first if not the first to integrate Paypal as well in the country. So let's see how it goes.
The Philippines and Indonsians are more serious when it comes to cryptocurrency and the governments are doing everything possible to raise the economy through the utilization of Blockchain and cryptocurrency. Building cryptocurrency ATM amongst the Philippines is an important step towards that goal. Quote
One of the largest banks in the Philippines is reportedly launching a two-way cryptocurrency ATM that is in compliance with Bangko Sentral ng Pilipinas’ specifications. In the Philippines, the central bank regulates cryptocurrencies “when used for delivery of financial services, particularly, for payments and remittances.”
https://news.bitcoin.com/union-bank-philippines-cryptocurrency-atm/
Another compelling moved that the Philippines is really working hard and getting closer to adopt bitcoin as one of the biggest bank in the country is launching a crypto ATM. Union Bank seems to be spearheading this, and as far as I can remember this bank is one of the first if not the first to integrate Paypal as well in the country. So let's see how it goes.
Such ATMs will be used by a small number of people, but it is still very good that they appear. At first it will not be very relevant, but in the future I think that such ATMs will be almost everywhere.
It's actually just a test, an experiment. It's only one ATM machine. The bank owners are future-oriented and they wanted to be at the forefront of fintech. But they want to see if there's real demand first.
I think they are not the first one to launch a bitcoin ATM in the Philippines but a bank yes. Well its a good news for Filipinos who are into bitcoins, its a sign they are progressing in cryptocurrency and I believe as time passes by as they see more and more bitcoin ATMs being launched everywhere in the country, adopters will also be more. That will be good for attraction.
Such ATMs will be used by a small number of people, but it is still very good that they appear. At first it will not be very relevant, but in the future I think that such ATMs will be almost everywhere.
It's actually just a test, an experiment. It's only one ATM machine. The bank owners are future-oriented and they wanted to be at the forefront of fintech. But they want to see if there's real demand first.
The placement of Bitcoin ATMs directly by a huge bank is an important indicator of the fact that banks can no longer stand up to the market's demand, and that banks are seriously considering to work in the crypto currency market. I think there is no reason for us not to hear similar news about such developments in 2019.
Such ATMs will be used by a small number of people, but it is still very good that they appear. At first it will not be very relevant, but in the future I think that such ATMs will be almost everywhere.
I already see this latest news in our country which is Philippines and I think launching ATM for cryptocurrencies will have good impact in our country where many people already use cryptocurrency. If this kind of ATM will be fully launch in our country we can easily convert our cryptocurrency into fiat.
Yeah this is good news to the Filipinos especially to those who are new to cryptocurrency, this is a reason to trust them in bitcoin and in other altcoins. Thanks to the union bank because they are the first one to adopt and i strongly believe that many more to adopt the crypto but step by step just first and in later generations the crypto will adopt worldwide
As I remember, they are tied up for a certain ICO before which they probably used for their integration with crypto. They are the first bank in the Philippines who used crypto technology without 3rd party involvement and I really sure that Filipinos will used crypto ATM's aside from usual ATM cards we used. This is one great development of crypto in our country and it could be more to follows.
Union Bank of the Philippines Launching Cryptocurrency ATM
https://news.bitcoin.com/union-bank-philippines-cryptocurrency-atm/
Another compelling moved that the Philippines is really working hard and getting closer to adopt bitcoin as one of the biggest bank in the country is launching a crypto ATM. Union Bank seems to be spearheading this, and as far as I can remember this bank is one of the first if not the first to integrate Paypal as well in the country. So let's see how it goes.
Its great to see that bitcoin in the Philippines is improving and many filipinos will adopt bitcoin and use them on buying stuffs because as far as I know there are some stores in Philippines that accept bitcoin as a payment which is really cool and it can have positive impact on bitcoin. Quote
One of the largest banks in the Philippines is reportedly launching a two-way cryptocurrency ATM that is in compliance with Bangko Sentral ng Pilipinas’ specifications. In the Philippines, the central bank regulates cryptocurrencies “when used for delivery of financial services, particularly, for payments and remittances.”
https://news.bitcoin.com/union-bank-philippines-cryptocurrency-atm/
Another compelling moved that the Philippines is really working hard and getting closer to adopt bitcoin as one of the biggest bank in the country is launching a crypto ATM. Union Bank seems to be spearheading this, and as far as I can remember this bank is one of the first if not the first to integrate Paypal as well in the country. So let's see how it goes.
That's is good news for the Philippines especially for its citizens. I think Union bank already know the huge potentials of Crypto Currencies and they are the first ones to adopt it in the Philippines and they made a good move to show their support in blockchain and cryptos. 
..
Probably that is the start to trigger another big banks institution out there in the Philippines to follow the step of what Union Bank did. That is one of the advantages there in the Philippines, they have adopted cryptocurrency and their government is quite no implementing laws regarding this. Yes, they saw the potentials on Bitcoin that's why they are now crypto friendly...
It is nice to hear, Philippines seems to be a country which is readily accepting crypto. I am curious about the 2 ways Bitcoin ATM, does it means that the user can buy or sell Bitcoin using the ATM?
more and more countries are starting to develop bitcoin and give permission for the use and trading of bitcoin, so surely the price of bitcoin will be very expensive and many transactions will certainly be easier to do. 
Having 7/11 stores all over the country in which the most accessible place where you can easily purchase bitcoin(or i mean cash to convert in bitcoin)together with its own online wallet Coin.Ph i guess this has nothing big deal so far since the majority of Filipino cryptonians are using this Coin.Ph wallet
The big deal is that it's a coming from one of the leading banks in the Philippines, so this is very welcoming news indeed.
the launching of ATM is another way to foster the massive adoption of the bitcoin in various part of the world. that people walk into ATM gallery and make good withdrawal via the ATM machine is a step ahead of other methods of propagating massive adoption of the blockchain technology.
Maybe it is the fastest way to have massive adoption in the Philippines. But, I think the best way to have massive adoption is to accept it as currency where even our government will accept it. I hope more banks will launch this kind of machine because both banks and cryptocurrencies will get benefit from it.
This is good news to the Filipino people as they are adapting a technology that will help the believers to have an early advantage on the blockchain technology. This will also be a legal proof that bitcoin and the blockchain is not a scam but a high technology that will meet every Filipino peoples high expectation and prove all the doubters wrong from the start they are negative about cryptocurrency.
Having 7/11 stores all over the country in which the most accessible place where you can easily purchase bitcoin(or i mean cash to convert in bitcoin)together with its own online wallet Coin.Ph i guess this has nothing big deal so far since the majority of Filipino cryptonians are using this Coin.Ph wallet
The big deal is that it's a coming from one of the leading banks in the Philippines, so this is very welcoming news indeed.
But in wider perspective Union Bank of the Philippines is looking towards future and want to he the first and pioneer to offer for the crypto community,this has been a very good timing to start this and for sure many banks will follow as well
It could be one main reason for them to launch this project, on the contrary, BDO (another one of the most established banks in the Philippines) has been making a U-turn: https://www.reddit.com/r/Philippines/comments/7l06db/bdo_allegedly_subjects_accounts_to_closure_for/
Jump to: