Philippines Banks to Use Visa B2B Connect

A group of Philippines banks is going to use Visa's blockchain-based payment platform  
15 February 2018   754

Four rural banks have partnered with The Union Bank of the Philippines (UnionBank) for blockchain technology-reliant payment system. UnionBank will help those banks to boost the efficiency of their payments processes by building a local platform base on top of Visa's B2B Connect system.

It is the first Philippine bank chosen by Visa for the latter’s B2B Connect.

According to Henry Rhoel Aguda, UnionBank's senior executive vice president, the bank is co-creating the blockchain platform to be used by the rural banks. He hopes that in future more banks will be included in the program.

B2B Connect is a business solution platform that allows financial institutions to provide their clients fast and secure cross-border payments.

U.S.-based Commerce Bank, South Korea's Shinhan Bank, and the United Overseas Bank are also working with Visa on the B2B.

Binance to Spread Crypto Fiat Wings

The list of upcoming jurisdictions was found by the Block
18 January 2019   62

The Block has gained access to the list of jurisdictions in which the largest cryptocurrency exchange Binance intends to launch fiat trading platforms. The latter use technology Binance, but will be separate legal entities.

Alleged Binance New Operation Jurisdictions
Alleged Binance New Operation Jurisdictions

In 2019, the exchange allegedly intends to launch full-scale activities in Malta and in Singapore. At the same time, South Korea, Liechtenstein, Russia, Turkey and Argentina are in the plans.

Note that in October last year, such a platform appeared in Uganda, and just a few days ago - on the island of Jersey.