Largest Bank in the Philippines Showcases Bitcoin Mining Equipment

[Kargai]

When the CEO of a top bank in the Philippines runs #Bitcoin miners at a business conference, you know we're headed in the right direction.

This is the tweet shared by Miguel Cuneta today while attending to a business conference of Unionbank, the biggest bank in the country.

Even if the bank has not confirmed it is involved in mining in any ways until there they probably don't show that for the fun. Especially since Unionbank already announced a blockchain payment system (in partnership with Visa). PH seem less strict about cryptos than a lot of other countries.

Source : https://www.newsbtc.com/2018/05/18/unionbank-showcasing-cryptocurency-mining-hardware-raises-some-interesting-questions/

 

[xtinepink]

Wow didn’t know this until you posted it. Not that strict but probably they are on the way to make some regulations about cryptos too.

thanks for the info.

[barbaris]

 

I think they are on the right track. In my opinion this is the first bank which itself extracts the cryptocurrency.