cryptonews.net
Union Bank of Philippines has become the first bank in the country to offer cryptocurrency trading services to its customers, according to local news outlet Inquirer.Net. Union Bank customers can access the service through the bank's mobile application. Notably, Union Bank customers can buy and sell Bitcoin, the world's largest cryptocurrency by market cap, directly from the app without the need for any third-party wallet.
Initially, the cryptocurrency trading service using a mobile application will be offered to a limited number of bank customers. According to the results of the test period, the number of users of the application will expand. The launch is carried out in accordance with the Central Bank of the country Bangko Sentral ng Pilipinas (BSP).
Union Bank intends to dive deeper into the crypto industry by launching the country’s first Metaverse Center of Excellence. Union Bank first joined Metaverse in April following its partnership with the non-fungible token (NFT) project Ark of Dreams. The bank recently launched a new campaign called Tech-Up Pilipinas, an initiative to promote digital literacy and financial inclusion across the country.
Image: CryptoNewsZ