The Mega Maxi
  • Home
  • News
  • Topics
    • Art
    • Careers
    • Guides
    • Business
  • Features
    • Features
    • Power Rankings
    • TMM TownHall
    • POW Series
  • About
  • Community
  • Contact
No Result
View All Result
  • Home
  • News
  • Topics
    • Art
    • Careers
    • Guides
    • Business
  • Features
    • Features
    • Power Rankings
    • TMM TownHall
    • POW Series
  • About
  • Community
  • Contact
No Result
View All Result
The Mega Maxi
No Result
View All Result
Home News

Unionbank Mobile App to Support Cryptocurrency Exchange

Danesh by Danesh
August 16, 2022
Reading Time: 2 mins read
0
Unionbank Mobile App to Support Cryptocurrency Exchange

UnionBank of the Philippines

UnionBank of the Philippines is planning to become the very first universal bank in the Philippines that will soon facilitate crypto exchange within its mobile application. Users of UnionBank will be able to buy and sell cryptocurrencies directly from the said banking application.

UnionBank said in an interview with ABS-CBN, a broadcasting network in the Philippines, that the blockchain will become a source of power in the future of banking. Cathy Casas, the head of digital asset markets, blockchain, and application programming, said that “At the same time, we also recognize that cryptocurrency has become one of the services that most of our customers are already searching for, especially those from our younger generation, and this demand was also accelerated by the pandemic.”

RELATED POSTS

Nakamigos: Did the studio behind Cryptopunks launch the project?

Joe Josue, CEO of Metasports Acquires Kusho World NFTs

As one of the top ten banks in the Philippines, UnionBank has already built and established itself as a crypto-friendly institution. There was an announcement a year ago that there were going to be preparations to pilot a custody service for crypto currencies, and in the first month of this year, UnionBank revealed their plan to facilitate crypto trading.

The said exchange functionality will be offered soon to pre-selected users of the banking application, randomly. UnionBank clarified that this will aim for a wider rollout in the future.

The in-app crypto exchange feature was also said to be one of the few features that the bank is working on as it approaches its closest step to entering the metaverse. Their partnership with Art of Dreams, an NFT game, became an initiative. Other than that, the bank also plans to launch a Metaverse Center of Excellence in the following months.

Although the digital bank Maya already offers exchange options for crypto assets, UnionBank, as a licensed cryptocurrency exchange, will now become the very first traditional lender to be administered in the country.

Tags: CryptocurrencyUnionBank of the Philippines
ShareTweetShare
Danesh

Danesh

Related Posts

Nakamigos
News

Nakamigos: Did the studio behind Cryptopunks launch the project?

March 28, 2023
Metasports Acquires Kusho NFTs
News

Joe Josue, CEO of Metasports Acquires Kusho World NFTs

March 22, 2023
Meta Killing NFT Features
News

Meta Is Killing Its NFT Features Amidst Crypto Meltdown

March 14, 2023
Next Post
Upcoming Drops This Week: August 15-21

Upcoming Drops This Week: August 15-21

Weekly Blue Chip Power Rankings (August 10-16)

Weekly Blue Chip Power Rankings (August 10-16)

Follow Us!

Recommended Stories

Oliver Lance De Leon

POW with Oliver Lance De Leon

March 31, 2023
AOD Web3 Bootcamp

Ark of Dreams and Ateneo de Manila to Launch Web3 Bootcamp

March 16, 2023
Deezy.eth

POW With Deezy.eth

March 14, 2023
Contact Terms Privacy

Name

Copyright © 2023 The Mega Maxi. All rights reserved.

Facebook-f Twitter Instagram Tiktok
No Result
View All Result
  • Home
  • News
  • Topics
    • Art
    • Careers
    • Guides
    • Business
  • Features
    • Features
    • Power Rankings
    • TMM TownHall
    • POW Series
  • Community
  • About
  • Contact Us

Copyright © 2022 The Mega Maxi. All rights reserved.

Stay Updated

Don’t miss out on the latest Web3 news, insights, and alphas. Get the best of TMM straight to your inbox!

Name
Email