Union Bank is a joint consortium among the Aboitiz Group, Insular Life, and Social Security System. This was first started in 1968. The Union Bank acquired a license in 1992 after which it became one of the universal banks of the Philippines.
Union Bank Joins Hands With Metaco
The Union Bank of Philipines is the seventh largest bank of the countries countrymen the world of cryptocurrencies. In January this year, they tied up with Metaco to update their crypto trading services. They both went on air on Metaco’s digital platform ‘Harmonize’ to launch Bitcoins and Ether for selected retail consumers on the 2nd of November.
Patrick Enjalbal, Vice-President of the Asia Pacific region at Metaco for digital trading, said they will ensure best-in-class services to Union Bank, which has a collective 15 billion dollars in assets under management. Metaco is a cryptocurrency platform for securing trading, issuing, and managing digital assets.
The entire set-up has been supervised by the central bank of Philipines, Bangko Sentral ng Pilipinas (BSP). They have given the required license to Union Bank for their strategic collaboration with Metaco.
The President of the Philippines, Ferdinand Marcos, stressed the importance of adapting blockchain tech to understand digital transactions and banking solutions. Union Bank empowers consumers to live their best lives through the latest financial innovations. They are creating new opportunities through digital solutions. This will make life much easier and simpler.
The BSP had issued warnings to the people of the Philipines asking them not to use foreign cryptocurrency trading platforms. This would only lead to a lot of fake and bogey transactions and ultimately financial loss.
Henry Aguda, the Chief Tech and Transformation Officer of Union Bank Philipines has said that the role of Metaco to provide consumer-centric services in the country has only been possible because of them. They have gone out of their way to ensure we are able to incorporate cryptocurrencies safely into our daily life. With the help of the Swiss company, Metaco, it has been able to present to
