UnionBank Successfully Performs Blockchain Remittances Pilot

The Philippine-headquartered UnionBank has successfully performed a blockchain-based cross-border remittance from the Philippines to Singapore in partnership with Singapore-based OCBC Bank. The senior VP of UnionBank, Arvie de Vera explained, “With this connected platform, other value-added services can now be made accessible to rural banks.This empowers rural banks that were once financially excluded, with access to universal banking services.”

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