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Philippines’ UnionBank Rolls Out Own Cryptocurrency: The PHX Stablecoin

Philippines’ UnionBank Rolls Out Own Cryptocurrency: The PHX Stablecoin – AllStocks Network

After last year’s pilot project in collaboration with the Ethereum-based startup ConsenSys, Philippine’s UnionBank now has its own cryptocurrency, reports local news outlet The Philippine Star. Arvie de Vera, Senior Vice President of UnionBank confirmed that not just the cryptocurrency, in the form of a stablecoin called PHX, has been launched, but PHX transactions have also been enabled across rural banks.







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