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Author Topic: 6 Digital banks are now involved in the cryptocurrency  (Read 207 times)
gunhell16
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September 20, 2022, 05:10:11 AM
 #21

I think I'm familiar with the concept of digital banks, and from what I know about them, while they are digital and cryptos are digital, digital banks aren't always allowing to use or store cryptos. So a digital bank and a crypto-friendly bank are different things. I opened a few links of the op and there were no mentions that these banks would allow sotring Bitcoin or other cryptos. So I'm a little confused what proves that these banks aren't just digital banks but are truly getting involved in cryptos.
I also opened and read all the links OP gave as a reference and there was no mention of cryptocurrency. These banks were just given licenses or permission to make electronic payments using fiat, not cryptocurrencies. Hence I think the title of this thread is slightly different from the information these links are giving.
 
Nevertheless, digital banking is a good preparatory phase for the inclusion and operation of cryptocurrency in these banks' transactions. Maybe in a few years, the news of banks getting fully involved would be heard in the Philippines. Although the government of the Philippines recently announced that it would stop accepting applications from cryptocurrency-related companies for the next three years, the country has really been friendly to cryptocurrencies.   

Yes, you are right nothing was mentioned in the link reference given by OP about cryptocurrency. But have you also looked at the aforementioned digital banks to see what kind of features they have? I think you didn't know that, because just like Maya apps, it's a type of app wallet where one of its features is that it has cryptocurrency where you can swap or trade using Maya apps. Even the other digital banks mentioned.

So its title is not different from the source link given by OP, and besides that, the Philippines is one of the countries open to cryptocurrency. And it's also true that 3 years from now, the Philippines that has a crypto connection will no longer accept the application, but a lot can still happen before the 3 years come.



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