Philippines

ConsenSys Ventures Backs Philippine Crypto Trading Startup PDAX

Crypto-exchange platform Philippine Digital Asset Exchange (PDAX) has raised an undisclosed amount of investment made by ConsenSys Ventures, the venture capital arm of US-based blockchain software firm ConsenSys. Founded in 2017 by Nichel Gaba, Krystian Kucharzyk, and Yang Yang Zhang,

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Philippine-based Blockchain Ticketing Startup Raises Capital for SEA Expansion

Singapore’s diversified group of companies Citystate Group made a seed investment in Ticket2Me, a blockchain-powered ticketing startup from the Philippines. The startup is now gearing for business expansion in Southeast Asia. Ticket2Me raised $350,000 in fresh capital and reportedly plans

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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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