Philippine Bank to Offer Bitcoin Trading: Report

Philippine Bank to Offer Bitcoin Trading: Report

The Union Financial institution of the Philippines is planning to supply bitcoin and cryptocurrency buying and selling and custody providers to its clients, in accordance with a Bloomberg report.

The transfer seeks to capitalize on the rampant adoption of such belongings within the Asian nation, the report mentioned, as the typical investor within the nation is predicted to carry between 3% and 5% of their private belongings in cryptocurrency in 5 years. Presently, these figures are roughly 1% to 2%, Cathay Casas, head of the financial institution’s blockchain and software programming interface group, advised Bloomberg.

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