Blockchain
Coins.ph and Circle to Drive Awareness of USDC-Denominated Remittances
Coins.ph, a Philippines-based cryptocurrency exchange and digital wallet provider, has partnered with Circle Internet Financial (Circle), a global fintech firm and issuer of USDC. The partnership aims to drive awareness of USDC-denominated remittances as a secure, low-cost and near-instant solution
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BSP Picks Hyperledger Fabric for CBDC Pilot Project
The Bangko Sentral ng Pilipinas (BSP) has selected Hyperledger Fabric as the distributed ledger technology (DLT) for its wholesale Central Bank Digital Currency (CBDC) pilot project, Project Agila. Formerly known as Project CBDCPh, Project Agila aims to test the use
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SEC Delays Releasing Philippines Digital Assets Framework in Wake of FTX
The Philippine Securities and Exchange Commission (SEC) has deferred the rollout of a new framework for digital assets, influenced by lessons learned from the fall of Bahamas-based cryptocurrency exchange, FTX, in late 2022. The SEC Chairperson, Emilio B. Aquino, expressed
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Venom Ventures Fund Commits a $5 Million Strategic Investment in the Everscale Blockchain
Venom Ventures Fund, a Web3 and blockchain innovation fund managed by Abu Dhabi-based investment fund manager Iceberg Capital Limited, has announced a strategic partnership with Everscale, a premier blockchain that aims to solve the scalability issues bogging down the Web3
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Direct Agent 5 Secures Crypto, E-Money and EPFS Licenses From BSP
Direct Agent 5 (DA5), a provider of remittance and forex services, has secured three licenses from the Bangko Sentral ng Pilipinas (BSP). Among them are approvals to operate as a Non-Bank Electronic Money Issuer (EMI), Virtual Assets Service Provider (VASP),
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UnionBank Expands Its Partnership With Hex Trust to Enter The Sandbox Metaverse
Union Bank of Philippines (UnionBank) announced its entrance into the The Sandbox metaverse, a decentralised gaming virtual world and a subsidiary of Animoca Brands, by leveraging Hex Trust’s digital asset custody services. Since March 2021, Hex Trust has been a
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The Philippines Is Poised to Become Number One Global Blockchain Hub
The Philippines has the potential to become the number one blockchain hub, according to the newly formed Blockchain Council of the Philippines. The archipelago is home to several blockchain startups and amongst the highest internet and NFT penetration rate of a digital
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Philippines: Web3 Is Where the Future’s at for Filipinos
Many are familiar with the term Overseas Filipino Workers (OFW), but how about the Metaverse Filipino Workers (MFW)? Instead of going outside the country, they work in the metaverse without having to leave their homes. That’s where the Philippines is
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UnionBank’s Crypto Services Pilot Goes Live on METACO’s Harmonize
Digital asset technology provider METACO announced that UnionBank has gone live on its flagship platform to pilot the launch of crypto services for its clients. UnionBank leverages Harmonize, METACO’s digital asset custody and orchestration platform, as a fully managed service
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I-Remit Taps Ripple’s Liquidity Solution for Same-Day Settlements Globally
I-Remit, a non-bank remittance service provider in the Philippines, will leverage Ripple’s On-Demand Liquidity (ODL) solution to improve its cross-border treasury flows. As a partner of Ripple since 2018, I-Remit is an early adopter of ODL and has been using
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