Philippines’ Banks to Pilot Ethereum-based Blockchain for Retail Payments


Five rural banks in the Philippines will conduct a pilot of a real-time retail payments system on a blockchain developed by Ethereum startup Consensys. In a move to further financial inclusion and bring some 35 unbanked Filipinos into the financial system, the Union Bank of the Philippines (UnionBank) has picked five rural banks in Mindanao

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Posted by Samburaj Das on May 28, 2018 @ https://www.ccn.com/philippines-banks-to-pilot-ethereum-based-blockchain-for-retail-payments/

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