Stablecoin revolution: Philippine banks embrace digital currency

Quick Summary:

Plans for the PHPX stablecoin is in the works with an aim to enable overseas Filipino Workers to send remittances faster and with lower fees.

The post Stablecoin revolution: Philippine banks embrace digital currency appeared first on CoinGeek.

While huge institutions like the Bank for International Settlements (BIS) have worked on projects like mBridge to realize these benefits for central banks and financial institutions, we’re increasingly seeing retail-focused projects.

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Article Details

Author / Journalist: Gavin Lucas

Category: Crypto

Markets: CanadaChinaIndiaIndonesiaNigerNigeriaPhilippinesSingaporeUnited States

Topics: Hedera BSV Blockchain Stablecoins Cantilan Bank John Januszczak Bitcoin SV Southeast Asia Rizal Commercial Banking Corporation Finance Unionbank PHPX UBX Rural Bank of Guinobatan Remittance

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-28 @ 08:00:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 878 words

Reading Time: 5 minutes read

Sentences: 34 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 25567631

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