Union Bank To Launch Peso Stable Coin (UPHP) - page 2.

Sanitough

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Quote from: asu on May 15, 2019, 06:55:03 AM

Quote from: Bttzed03 on May 15, 2019, 05:39:17 AM

Quote from: ice18 on May 15, 2019, 05:29:33 AM

sa nakikita ko talagang push nia ang blockchain technology lalot nag umpisa na ang bitcoin atm nila tingin ko magkakaroon din ito ng sarili nilang blockhain wallet na pwede gamitin ng UPHP nila or posibleng gumawa den siguro sila ng crypto exchange like CoinsPro.

Sa pagkakaalam ko sila pa lang ang crypto friendly bank, meron pa bang iba?

As far as i know... Yeah sila pa lang, and it’s quite good to see na handa talaga silang pasukin ang cryptocurrency, nag ready talaga sila, naghanda, and everything.

They pledge trained 100 blockchain developers.
https://www.cfnewswire.com/unionbank-readies-the-philippines-for-blockchain-revolution/

Launched the first cryptocurrency ATM in Philippines
https://news.bitcoin.com/union-bank-philippines-cryptocurrency-atm/

And ngayon naman their going to launch a Peso Stable Coin. I’m glad to see na sobrang interested talaga sila at ready na bitcoin ko para mag invest sa kanila and supportahan yung gagawin nilang proyekto.

They are the only bank that are really showing to the public their interest on crypto, and now they are already here with their stable coin.
The first bank to adopt crypto and therefore they are the first to benefit the success of crypto.
I wonder how much bitcoin this company is holding, I really believe they are also holding like other big institution.

What do you think guys?

darklus123

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This is actually a good move by Union bank and this can be a good alternative sa peso, especially if mabilis ang confirmation sa said stablecoin. Aside from that magandang opportunity ito sa mga pinoy crypto users (hopefully meron ding mining structure sa said token) That will help us mine for certain coins na friendly sa current rate sa pinas ang ibig ko sabihin is hindi na natin kailangan mag adjust sa globabl market.

We have to be very careful tho, Union bank is backed by Chinese Investors kaya mahahalata mo tlga na alam nila ang ginagawa nila. By that being said, baka kasi maisipan ng pinoy na mas maganda ito gamitin kesa sa FIAT. What's scary about that ay baka mag karuon cla ng power to control the philippine economy.

asu

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Quote from: Bttzed03 on May 15, 2019, 05:39:17 AM

Quote from: ice18 on May 15, 2019, 05:29:33 AM

sa nakikita ko talagang push nia ang blockchain technology lalot nag umpisa na ang bitcoin atm nila tingin ko magkakaroon din ito ng sarili nilang blockhain wallet na pwede gamitin ng UPHP nila or posibleng gumawa den siguro sila ng crypto exchange like CoinsPro.

Sa pagkakaalam ko sila pa lang ang crypto friendly bank, meron pa bang iba?

As far as i know... Yeah sila pa lang, and it’s quite good to see na handa talaga silang pasukin ang cryptocurrency, nag ready talaga sila, naghanda, and everything.

They pledge trained 100 blockchain developers.
https://www.cfnewswire.com/unionbank-readies-the-philippines-for-blockchain-revolution/

Launched the first cryptocurrency ATM in Philippines
https://news.bitcoin.com/union-bank-philippines-cryptocurrency-atm/

And ngayon naman their going to launch a Peso Stable Coin. I’m glad to see na sobrang interested talaga sila at ready na bitcoin ko para mag invest sa kanila and supportahan yung gagawin nilang proyekto.

Bttzed03

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Quote from: ice18 on May 15, 2019, 05:29:33 AM

sa nakikita ko talagang push nia ang blockchain technology lalot nag umpisa na ang bitcoin atm nila tingin ko magkakaroon din ito ng sarili nilang blockhain wallet na pwede gamitin ng UPHP nila or posibleng gumawa den siguro sila ng crypto exchange like CoinsPro.

Sa pagkakaalam ko sila pa lang ang crypto friendly bank, meron pa bang iba?

Quote from: BossMacko on May 14, 2019, 06:25:24 PM

Yun na nga magiging legit lang crypto currency pero using the coin itself since stable coin useless mag hold. Ang maganda support nlng nten ibang pinoy crypto pag naglabasan after release ng UPHP n yn.

Hindi naman sa useless talaga ang mag-hold nito. Usually ginagawang taguan ang stable coins lalo na kapag pabagsak ang merkado.

meldrio1

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Magandang balita ito unti unti na rin makilala ang crypto sa ating bansa pero kailangan ba natin ang stable coin? Sa aking opinyon sapat na may coins.ph tayo pwede naman tayo maka convert into peso ah.

crzy

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Quote from: Bttzed03 on May 14, 2019, 12:14:37 PM

Eto ang bagong development ng cryptocurrency sa Pinas. Marahil marami sa inyo ang hindi pa bilib sa mga stable coin pero wala din masama kung madagdagan option natin. Para sa akin, isa itong positibong balita. Nakakatuwa na sa bansa natin ay hindi hadlang ang Bangko Sentral sa paglaganap ng cryptocurrency.

Quote

By it being bank-backed and approved by the central bank, the UPHP distinguishes itself by it having a stable value backed by trusted institutions.” – Arvie De Vera, UnionBank Head of Fintech Business Group

https://bitpinas.com/news/exclusive-interview-unionbank-launch-peso-stablecoin-called-uphp/

Approved by central bank is really attracting, super ganda ng mga coins kung ito ay regulated kase alam natin na maproprotektahan tayo ng government. I just want to know more about the function of this coin, kase if they operate locally lang eh baka mahirapan sila makakuha ng mga investors. Basta ang alam ko, Pilipinas ang isa sa pinakamagandang lugar to use cryptocurrency.

ice18

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Mukhang may plano ang UNION BANK na maging number 1 friendly crypto bank dito sa Pilipinas sa nakikita ko talagang push nia ang blockchain technology lalot nag umpisa na ang bitcoin atm nila tingin ko magkakaroon din ito ng sarili nilang blockhain wallet na pwede gamitin ng UPHP nila or posibleng gumawa den siguro sila ng crypto exchange like CoinsPro.

CryptoBry

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Sa aking alam malaki ang gamit ng stablecoin lalo na sa trading, sa mga panahon na very volatile ang merkado at gusto mong pumunta muna sa isang safe haven. I am sure UnionBank many things with this coin as it can have many uses not just in trading actually this can also be used in remittance here and abroad. The choice of a stablecoin is good since UB is not a decentralized financial organization. Tingnan natin ang mga susunod na kabanata sa bagong pangyayaring ito...sigurado ako UB will soon launch an introduction or education campaign on this. Here in the Philippines, we are slowly developing the cryptocurrency market and we have to thank SEC and the Central Bank for not closing theri minds on this platform.

efrenbilantok

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Magandang balita to at talagang makakatulong kung maililist sya sa mga major exchanges tulad ng binance, bittrex, coinbase at kung anuman na madalas gamitin ng pinoy na exchange para hindi na tayu makaltasan ng madami sa pagconvert convert pero syempre kelangan supported at available sya sa coins wallet para direkta dun ang withdraw.

Russlenat

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Quote from: spadormie on May 15, 2019, 12:27:59 AM

Quote from: Sanitough on May 15, 2019, 12:07:22 AM

Banks will favor the stable coin, they just want to use that for their transaction.

Of course, ang gusto lang naman ng government and banks is safe tayo on investments. Pero mas maganda kung gagawa sila ng Btc wallet din nila para dito if gusto nilang magkaroon ng stable coins. Kase ang alam ko ATM palang ang meron eh.

Yang stable coins is not an investment para sa akin, dahil from the word stable, hindi yan volatile or mag change ang value.
Parang tether lang yan, at iba pa, marami ng stable coins ngayon, bali kung gamitin natin sa investment yan, parang nag convert tayo para di na apektado pag bumaba ang price. Maganda kung may trading site na pwede tayong mag trade btc to stable coin (UPHP).

rosezionjohn

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Quote from: Bttzed03 on May 14, 2019, 12:14:37 PM

[..snip..]Nakakatuwa na sa bansa natin ay hindi hadlang ang Bangko Sentral sa paglaganap ng cryptocurrency.

Sa totoo lang mapalad tayo dito sa Pinas kumapara sa ibang bansa kagaya na lamang ng India na pinaghihigpitan ang crypto.

Quote from: sheenshane on May 14, 2019, 03:50:57 PM

Well, let's just wait what is the progress bring by the Union Bank by having their own stable coin. Maganda magkaroon ng stable coin I am sure dumami ang crypto exchange market dito sa atin dahil maganda gamitin sa trading and stable coin tulad ng USDT.

Ito din inaasahan ko noong nakita ko yung balita. Once na magsimula na mag-operate ang mga approved exchanges, malaki magiging role din ng UPHP. Mukhang maayos naman takbo ng mga local exchanges sa ibang bansa gaya ng Indodax at yung mga nasa S. korea.

spadormie

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Quote from: Sanitough on May 15, 2019, 12:07:22 AM

Banks will favor the stable coin, they just want to use that for their transaction.

Of course, ang gusto lang naman ng government and banks is safe tayo on investments. Pero mas maganda kung gagawa sila ng Btc wallet din nila para dito if gusto nilang magkaroon ng stable coins. Kase ang alam ko ATM palang ang meron eh.

Sanitough

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Banks will favor the stable coin, they just want to use that for their transaction.
Well, although not so relevant in the market for now, but in the future it could help, maybe if they can partner with coins.ph, we don't have to worry about the high spread conversion from bitcoin to PHP as they already have the stable coin, well, I hope all commercial banks will follow.

bitcoin31

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Unti unti na talagang naadapt ng Pilipinas ang cryptocurrency. Isang napakagandang balita nito para sa atin dahil makakatulong ito sa pagunlad ng cryptocurrency. Kaya hindi nakakapagtaka sa susunod na mga buwan mas lalong tatas ang presyo ng bitcoin at ng ibang mga altcoins. Ang maganda pa dito isang banko pa mismo pa mismo ang gagawa ng sarili nilang coin pero let's see if magiging successful ito.

dameh2100

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Quote from: BossMacko on May 14, 2019, 06:25:24 PM

Yun na nga magiging legit lang crypto currency pero using the coin itself since stable coin useless mag hold. Ang maganda support nlng nten ibang pinoy crypto pag naglabasan after release ng UPHP n yn.

Para sa akin, okay lang naman yung stablecoin para hindi na lumabas entirely sa crypto market cap yung pera natin, atleast park lang ng park yung mga magtake ng profit sa stablecoin. And kung gagawin naman ito ng Unionbank, maganda ito gamitin for payment sa mga stores online or sa mga bill payment.

BossMacko

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Yun na nga magiging legit lang crypto currency pero using the coin itself since stable coin useless mag hold. Ang maganda support nlng nten ibang pinoy crypto pag naglabasan after release ng UPHP n yn.

yazher

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Quote from: Bttzed03 on May 14, 2019, 12:14:37 PM

Eto ang bagong development ng cryptocurrency sa Pinas. Marahil marami sa inyo ang hindi pa bilib sa mga stable coin pero wala din masama kung madagdagan option natin. Para sa akin, isa itong positibong balita. Nakakatuwa na sa bansa natin ay hindi hadlang ang Bangko Sentral sa paglaganap ng cryptocurrency.

Quote

By it being bank-backed and approved by the central bank, the UPHP distinguishes itself by it having a stable value backed by trusted institutions.” – Arvie De Vera, UnionBank Head of Fintech Business Group

https://bitpinas.com/news/exclusive-interview-unionbank-launch-peso-stablecoin-called-uphp/

Isa lang talaga ang masasabi ko dito, Isa itong magandang balita para sa mga Crypto currency lover dito sa ating bansa Atleast hindi na tayo mangangamba na alisin nila ang legelidad ng crypto dito sa atin. peron tungkol jan sa Pagkastable ng UPHP parang hindi ko bet yan. tignan mo tumataas na yung presyo ng ibang mga coins pero yung USDT na katulad nyan wala pa rin pinagbago.

sheenshane

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Well, let's just wait what is the progress bring by the Union Bank by having their own stable coin. Maganda magkaroon ng stable coin I am sure dumami ang crypto exchange market dito sa atin dahil maganda gamitin sa trading and stable coin tulad ng USDT. As of now, no comment muna ako kasi malay natin maging successful yan. I that happen I am sure some banks will follow their steps sa pag adopt ng Bitcoin(crypto in general) sa ating bansa since crypto here was BSP-approved virtual currency exchanges.

Theb

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Malakas ang kutob ko na ang UPHP ay para lang magiging Gcash or Smart Money ng mga Telecom providers natin. Yes it will be a stablecoin by design but it has no means of becoming a traditional crypto that Filipinos need to learn. Ang nakikita ko dito is kung hindi ka user ng Unionbank di mo lang din gagamitin ito lalo na kung hindi nila ginawang available ito on other outlets. Sa nakikita ko lang Unionbank has been aggressively using Blockchain pero di pa nga nila napapakalat yung Crypto ATM nila, parang may mali.

harizen

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Let them do what they want. We can criticized after lol.

Di mawawala ang questions pero we can just see the results once become live. Having our own stablecoins will also lead into awareness by others. Good thing nga nakiki-involved na ang mga banks because no doubt at ayaw man ng iba, we need banks cooperation to promote such things.

Matatalinong tao nasa likod nyan and they will not just issued or implement something na di dumaan sa malawakang brainstorming.

Topic: Union Bank To Launch Peso Stable Coin (UPHP) - page 2. (Read 647 times)