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Philippines’ Banks to Pilot Ethereum-based Blockchain for Retail Payments

Five rural banks in the Philippines will conduct a pilot of a real-time retail payments system on a blockchain developed by Ethereum startup Consensys. In a move to further financial inclusion and bring some 35 unbanked Filipinos into the financial system, the Union Bank of the Philippines (UnionBank) has picked five rural banks in Mindanao

The post Philippines’ Banks to Pilot Ethereum-based Blockchain for Retail Payments appeared first on CCN

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