Philippines

Ripple Backs Philippine-Focused Remittance Firm SendFriend in $1.7M Funding

SendFriend, a Philippine-focused remittance market startup, has raised up to US$1.7 million capital in a venture round backed by blockchain giant Ripple also known as the cryptocurrency XRP. Other leading investors include the MIT Lab, Mastercard Foundation, Barclays, Techstars, Mahindra

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UnionBank Sets Up Bitcoin ATM in Manila

Bitcoin machines are on the rise worldwide. Currently, these devices are in 76 countries and now the Philippines have been added to the list. In the capital Manila, the first Bitcoin ATM was set up. A look at who is

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Blockchain Education in the Philippines Going Mainstream

Be it formal or casual, blockchain education is becoming a regular thing in the Philippines although its usage in different sectors, education in itself, has yet to be applied. AMBERLab or Ateneo-MediXserve Blockchain Education & Reasearch Lab defines blockchain as

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UnionBank-IBM Blockchain Venture Seen to Revolutionize Trade Finance in Philippines

UnionBank of the Philippines has set its eyes on revolutionising the supply chain finance in the Philippines through its tie-up with tech giant IBM. IBM Philippines chief technologist Lope Doromal Jr disclosed that UnionBank and IBM are working on a

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Philippines’ CEZA Favours Self-Regulation in New Cryptocurrency Asset Regulation

The Philippines’ “fintech city ” Cagayan Economic Zone Authority (CEZA) has crafted a new set of rules in the acquisition and trading of cryptocurrency assets in the Philippines meant to effectively regulate and protect investors. CEZA disclosed it has approved

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Philippines: New VC Fund Gobi-Core Debuts Investments in Healthtech Startup MariaHealth

A recently-launched venture capital fund by Philippine-based VC company Core Capital and Malaysia-based VC Gobi Partners made its first two investments in a healthtech startup MariaHealth and an edutech firm called Edukasyon.ph. The VC fund Gobi-Core Philippine Fund (PH Fund)

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With Go-Jek’s New Acquisition, Could Blockchain Be A Secret Weapon Against Grab?

Thanks to Go-Jek’s diversification strategy, it’s pretty easy to get a glimpse about the company’s future direction based on what companies they’ve acquired or shook hands with. This time around, it’s come out that the US$9 billion-worth company gained a majority stake

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Fintech Startup Partnership to Better Serve Philippine SMEs

SeedIn, a Singapore based Business Financing Platform, partners with Acudeen, a Philippine based online Peer-to-Peer Marketplace for receivable discounting. SME borrowers and Investors can leverage on the strengths of both platforms for their financing and investment needs, while being able to

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Philippine SEC sets 2nd Round of ICO Rules Consultation

Having postponed the release of its final rules on ICOs (initial coin offerings), the Philippine SEC (Securities and Exchange Commission) has set its second round of public consultation open until January 15, 2019. “The Commission is inviting banks, investment houses,

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10 New Philippine Fintech Startups to Watch out for in 2019

Financial technology continues to bring exciting times ahead in the Philippines with the ever-growing emergence of new fintech players that aim to cater to 69 per cent of its adult population that are still unbanked. Citing one industry report, Philippine

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