Philippines’ Largest Bank, UnionBank, Launches its Own Cryptocurrency

UnionBank has released a digital currency dubbed PHX. According to the Philippine Star, the Bank will use the Stable coin to carry out transactions via the Blockchain. Aside from being the biggest bank in the Philippines, the financial establishment is now the first in the archipelagic country to develop a cryptocurrency.
The bank joins other top financial institutions to build a crypto settlement system. According to UnionBank‘s fintech team boss Arvie de Vera, coin processing was execute