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RCBC Bank taps IBM for Blockchain Remittances


xtinepink

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Posted

A well known bank in Philippines taps IBM. 

RCBC Bank recently announce about aan upcoming remittance payments services from Japan using blockchain technology.

The remittance centers are highly huge here in the Philippines because of having  more Filipinos being around the world and sending money to their loved ones in Philippines. And they see this as a potential one by using also the blockchain technology. 

 

“IBM has decided to pilot it with 15 banks around the world, we’re the only one in the Philippines that they included in this pilot test,” Narcisco added. Details surrounding the type of blockchain deployed are currently scarce and IBM wasn’t available for a comment at press time.

source: 

https://www.ccn.com/swift-is-expensive-major-philippine-bank-taps-ibm-for-blockchain-remittance-to-japan/

 

Any thoughts? 

 

Posted

Most of the Philippines are in use earning heart amount of salary and sending back to home in every month which cause lots of transection fee hence will be less burden for them to transfer the money

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