UnionBank, one of the largest universal banks based in the Philippines, launched the cryptocurrency trading after its partnership with the Swiss crypto firm.
Union Bank of the Philippines for certain retail customers bitcoin (BTC) and Ethereum (ETH) storage and purchase and sale announced that it has launched a pilot program that includes its services. Swiss crypto technology firm metaco The new investment and trade feature launched in cooperation with harmonize made available on the platform. 2018 The bank, which has been closely interested in cryptocurrencies since 2019in in to Philippine pesos had produced a stablecoin focused on pegged payments.
UnionBank’s head of transformation Henry Aguda He made the following statements about the innovation in question:
This service, offered in cooperation with Metaco, is part of our customer-focused work. We are proud to continue UnionBank’s series of firsts in the industry. This time we became the first regulated bank in the country to allow digital currency trading features for customers.
Recently Philippine President Ferdinand Marcosto specialize in digital banking and digital transactions blockchain stressed the importance of adopting technology. President Marcos said in a speech in September 2022 that “UnionBank’s track record in creating opportunities across the banking industry through digital solutions is unquestionable.” he had stated.