I posted a similar thread way back a month ago here:
https://bitcointalksearch.org/topic/union-bank-of-the-philippines-launching-cryptocurrency-atm-5108095
@Oilacris, - yes, I don't know what's the thing with BDO right now. I still remember using my Union Bank to withdraw my paypal earnings as I was a freelancer before. So they really supports lots of innovation so I'm not surprise if they lead the way as far as crypto in the Philippines is concern. Union Bank also open a blockchain based institute, https://bitpinas.com/news/union-bank-opens-blockchain-institute/.
Topic: UnionBank Crypto ATM To Launch On March 08 - page 4. (Read 8854 times)
It is always this new innovative bank that starts but than everyone will follow I am sure of that. Look at Tesla for example, its a car company that was built upon the idea that electric cars could be something decent and wanted, before Tesla all electric cars were looked as something environmentalists use and so forth and it wouldn't go fast and it wasn't cool at all.
Now, thanks to Tesla it is something like a brand, kinda like apples iphones, it is highly marketed and loved by everyone. That is why now many big car companies started to invest billions of dollars into electric cars because they realized they don't want to be left behind in this race. Same applies for Bitcoin ATM, companies who have BTM will be favored and others will see that and eventually will start doing to same so they won't be left behind neither.
Now, thanks to Tesla it is something like a brand, kinda like apples iphones, it is highly marketed and loved by everyone. That is why now many big car companies started to invest billions of dollars into electric cars because they realized they don't want to be left behind in this race. Same applies for Bitcoin ATM, companies who have BTM will be favored and others will see that and eventually will start doing to same so they won't be left behind neither.
Hopefully they will also introduce a basket of crypto currencies so people will know that it isn't just bitcoin that exists in this new world, we have a coin / token for pretty much everything
One of the best banks around in the Philippines if you'd ask me. Their EON debit card works wonders for my freelancing ventures during my stay there and perhaps their crypto-ATM would be working wonders too. It is no doubt that they'd be placing their crypto-ATMs on the hubs of cryptocurrency, which is currently Makati and Ortigas since there are already businesses and establishments in there that are accepting crypto albeit discreetly (or not really letting the word out just yet.) Unionbank is really spearheading a lot of good things and innovation for banking in the Philippines, and I hope their crypto-ATMs wouldn't be the end.
Among all the banks on Philippines I do only see that Unionbank is really the only one who do accept or adopt cryptocurrencies unlike other banks like BDO which they do really restrict out and a friend of mine been block on his account due to crypto earnings and with this news about crypto ATM by unionbank then its really a good news for crypto users out there residing on PH.
One of the best banks around in the Philippines if you'd ask me. Their EON debit card works wonders for my freelancing ventures during my stay there and perhaps their crypto-ATM would be working wonders too. It is no doubt that they'd be placing their crypto-ATMs on the hubs of cryptocurrency, which is currently Makati and Ortigas since there are already businesses and establishments in there that are accepting crypto albeit discreetly (or not really letting the word out just yet.) Unionbank is really spearheading a lot of good things and innovation for banking in the Philippines, and I hope their crypto-ATMs wouldn't be the end.
Cryptobankomats are becoming more and more in different countries. Even in African countries, Bitcoin ATMs have already begun to appear. This suggests that cryptocurrency continues to evolve rapidly. Unfortunately, in many countries, cryptocurrencies are banned and equal to monetary surrogats. For example, in Russia, the police arrested Bitcoin ATMs and a penalty was imposed on the owners, but nevertheless, the law on cryptoregulation should be passed this year and the crypto ATMs can be established legally. And so in many countries.
On Friday, people will then be able to convert fiat to cryptocurrency and vice versa lot easier using UnionBank's crypto ATM.
Full article here: https://www.unblock.news/news/unionbank-crypto-atm-launch-march-8
Full article here: https://www.unblock.news/news/unionbank-crypto-atm-launch-march-8
I actually never managed to use a BTC ATM before, I haven't seen any nearby. This is good decision on part of UnionBank. I might actually open an account there, especially since my bank disabled cash-in and imposed larger fees for cash out.
This is such great news especially to us crypto lovers, and this just also means that banks starting to adopt crypto and soon, mass adoption will begin, imagine ten years from now, maybe there will no use of paper money. 😍
Unionbank won various awards and recognition such as;
These were the remarkable for me and few of the many. You can see most of their awards and citations; https://www.unionbankph.com/aboutus/corporate-governance/awards-and-citations
With a bank that's recognized through the entire country, people will start to think that crypto's are good for everybody. They have made their own crypto ATM and probably in the future they will create more and will place it everywhere to be more accessible. It can also encourage other banks to do so although crypto's are really against to the bankers. But this shows that crypto is applicable to everybody and these banks can also make money out of it.
- Bests digital bank
- Most innovative bank of the year
These were the remarkable for me and few of the many. You can see most of their awards and citations; https://www.unionbankph.com/aboutus/corporate-governance/awards-and-citations
With a bank that's recognized through the entire country, people will start to think that crypto's are good for everybody. They have made their own crypto ATM and probably in the future they will create more and will place it everywhere to be more accessible. It can also encourage other banks to do so although crypto's are really against to the bankers. But this shows that crypto is applicable to everybody and these banks can also make money out of it.
This is good for Union bank customers. It will make there banking experience better, easier and smooth to transfer or convert from cryptocurrency to fiat. But I don't know how far reaching it will be for branches located in countries who are not yet dealing in cryptocurrency.
This is one of the most exciting news I have read today, Since it is happening in other countries I know that one day we will have bitcoin ATM in my country. With bitcoin ATM it is not difficult to convince your citizens about bitcoin.
Bitcoin atm (or better known version BTM as in bitcoin teller machine) is getting more and more popular but I doubt that is the case for getting the adoption rate higher. We need to figure out ways to make the bitcoin world a lot more day to day and BTM's are one way to do it and I support them endlessly however if we could find a way to pay people in bitcoin while they receive fiat instead of bitcoin would be the biggest leap of all.
If I can go to a cafe and pay with my bitcoins on my phone while they basically charge me whatever dollar amount they want and get it on their bank instead of receiving my bitcoin, that will increase the adoption insanely. The problem with bitcoin and the price being stuck as that we can't figure out a way to bring bitcoin into our daily lives.
If I can go to a cafe and pay with my bitcoins on my phone while they basically charge me whatever dollar amount they want and get it on their bank instead of receiving my bitcoin, that will increase the adoption insanely. The problem with bitcoin and the price being stuck as that we can't figure out a way to bring bitcoin into our daily lives.
Nice news, it seems the number of bitcoin ATM will grow faster, now there are 2658 locations of bitcoin ATM in USA and countries such as Canada, Austria and UK also has hundreds locations of bitcoin ATM. bitcoin adoption still growing more companies will accept bitcoin.
2658 bitcoin ATMs aren't that much for a big country like the USA.They have to be atleast 100,000.
This post is kinda pointless.Should we celebrate,every time a new bitcoin ATM is installed somewhere around the world?
Nice news, it seems the number of bitcoin ATM will grow faster, now there are 2658 locations of bitcoin ATM in USA and countries such as Canada, Austria and UK also has hundreds locations of bitcoin ATM. bitcoin adoption still growing more companies will accept bitcoin.
2658 bitcoin ATMs aren't that much for a big country like the USA.They have to be atleast 100,000.
This post is kinda pointless.Should we celebrate,every time a new bitcoin ATM is installed somewhere around the world?
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
I hope that the news can affect the other banks to integrate the systems with cryptocurrency. It will help the user to buy crypto while they can watch the account too so they can make sure that their member is not using cryptocurrency for illegal things.
That will bring good news in the financial industry and if it's a success, then the chance for the other banks to follow will be wide open. And when it's a success, we will see the adoption in the financial will be happening soon. But there will need support too from the governments as they are making a regulation for the crypto and the financial in their country.
That will bring good news in the financial industry and if it's a success, then the chance for the other banks to follow will be wide open. And when it's a success, we will see the adoption in the financial will be happening soon. But there will need support too from the governments as they are making a regulation for the crypto and the financial in their country.
Finally, they have now fully announced that UnionBank Crypto ATM will launch on March 8 here in the Philippines.
Bitcoin ATM's now fastest grow and I'm sure mass adoption will follow after this, so I smell probably have a huge effect on price and that is a huge pump on price. Hopefully, all institutional Banks are follow on the step of what Unionbank did.
Bitcoin ATM's now fastest grow and I'm sure mass adoption will follow after this, so I smell probably have a huge effect on price and that is a huge pump on price. Hopefully, all institutional Banks are follow on the step of what Unionbank did.
This is really great. I hope that Asian countries will have similar ATM pillars. Europe is currently investing heavily in crypto and Asians need to have such positive moves.
I guess after only 5-7 years, our crypto market will have a lot of good changes. Blockchain will become an important technology for financial businesses, the crypto market is where investors want to avoid rising inflation each year and the great thing is that people can trade money with each other through countries with very cheap fees.
I guess after only 5-7 years, our crypto market will have a lot of good changes. Blockchain will become an important technology for financial businesses, the crypto market is where investors want to avoid rising inflation each year and the great thing is that people can trade money with each other through countries with very cheap fees.
On Friday, people will then be able to convert fiat to cryptocurrency and vice versa lot easier using UnionBank's crypto ATM.
Full article here: https://www.unblock.news/news/unionbank-crypto-atm-launch-march-8
After a series of days reading articles about crypto, I realized that businesses are very excited about participating in the crypto market and creating favorable conditions for investors in the crypto market.Full article here: https://www.unblock.news/news/unionbank-crypto-atm-launch-march-8
ATMs appear more and more, no longer too strict rules about crypto. I feel that our market is highly appreciated in countries around the world. Let's hope a BTC is priced at $ 50,000 and that can become true in the future.
Nice news, it seems the number of bitcoin ATM will grow faster, now there are 2658 locations of bitcoin ATM in USA and countries such as Canada, Austria and UK also has hundreds locations of bitcoin ATM. bitcoin adoption still growing more companies will accept bitcoin.
On Friday, people will then be able to convert fiat to cryptocurrency and vice versa lot easier using UnionBank's crypto ATM.
Full article here: https://www.unblock.news/news/unionbank-crypto-atm-launch-march-8
Full article here: https://www.unblock.news/news/unionbank-crypto-atm-launch-march-8
Jump to: