Global blockchain firm ConsenSys has announced its partnership with UnionBank of the Philippines to establish the country?s first financial technology product based on Ethereum that can execute and settle domestic remittances to and from rural banks in the Philippines.
With Bloomberg's repo platform in place, repo counterparties now have a standardized calculation and communication platform with complete transparency of collateral details.
Cash machines remain antiquated and prone to fraud because the Bangko Sentral ng Pilipinas (BSP) is taking time to allow banks to raise fees for upgrades.
