The Union Bank of the Philippines has partnered with METACO, a Swiss cryptocurrency firm, to offer crypto trading services in Bitcoin and Ethereum.
METACO, the digital asset management technology provider, announced today that UnionBank is live on the Harmonize platform to provide crypto trading services. The announcement of the plan that was made in Jan this year is finally live. The UnionBank is the largest bank in the Philippines. According to Henry Aguda, CTO of UnionBank, they are the first regulated bank in Philippines to allow digital currency exchange.
The Philippines is a crypto-enthusiastic country
According to a June 2022 report, over 4% of the Filipino population owns cryptocurrencies.
