Express

Partnership Between UnionBank and OCBC Bank Hopes to Serve the Unbanked Population of the Philippines

Sofia Cabrera

Summary: UnionBank, based in the Philippines, partnered with OCBC Bank, based in Singapore, to develop a blockchain-based cross-border remittance from Philippine to Singapore. The banks have effectively completed their trial run of the software. The workings of the software, include a blockchain-based tokenized fiat to transfer from OCBC Bank to a rural Caitlan Bank account. The ...

UnionBank, based in the Philippines, partnered with OCBC Bank, based in Singapore, to develop a blockchain-based cross-border remittance from Philippine to Singapore. The banks have effectively completed their trial run of the software. The workings of the software, include a blockchain-based tokenized fiat to transfer from OCBC Bank to a rural Caitlan Bank account. The mission of both banks is to provide the unbanked population of the Philippines the ability to use financial services.  


Author: Sofia Cabrera


s

Last Update:

Tags: ,,,,,
Link: Partnership Between UnionBank and OCBC Bank Hopes to Serve the Unbanked Population of the Philippines   [Copy]
Next:

Related Articles

  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 9 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 16 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 20 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 23 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 27 days ago

    • You need to login to comment.