Fintechnews.PH picks every Friday for you the top 5 Fintech Philippines News of the week:
Here we go:
Coins.ph Contemplates Rolling out SegWit Support and Enabling Bitcoin Cash Transactions
All Bitcoin service providers struggle with the world’s leading cryptocurrency right now. More specifically, network congestion and high fees make Bitcoin virtually unusable. Coins.ph plan to address is this issue with a two-pronged approach. (Read more)
BSP: Bitcoin trade in PH quadruples as sheen lures young Pinoys
Twelve more virtual currency exchanges are applying for registration with the Bangko Sentral ng Pilipinas (BSP) as the volume of transactions for bitcoin in the Philippines almost quadrupled in the past two years. (Read more)
12 firms vying for BSP nod to be Bitcoin exchange operators
Twelve entities are awaiting the Bangko Sentral ng Pilipinas’ (BSP) approval to operate as Bitcoin exchange, as virtual currency (VC) transactions in the country continue to rise, with the average in the first half of 2017 reaching USD8.8 million a month. (Read more)
Venteny nets $2.3m for its combination of employee benefits and microlending
Venteny, a combined human resources and fintech platform, has raised US$2.3 million in series A funding. (Read more)
BAP develops digital banking ID facility
The Bankers Association of the Philippines (BAP) has upped the ante of digitization in Philippine banking. It has recently convened with Amihan Global Strategies, a technology and consulting company in establishing an industry-wide facility that will further enhance the country’s digital identity technology. (Read more)
