Bank to hike MSME lending as it pursues blockchain

Blockchain can push for greater financial inclusion by allowing financial institutions to provide accessible, useful, and affordable products and services that meet client needs. Whether it’s transactions, payments, savings, credit, or insurance, these can be delivered in a responsible and sustainable way …
TOKYO. — Unionbank of the Philippines, one of the country’s more aggressive lenders, yesterday said it hopes to increase its lending for medium, small and micro enterprises as it increases its presence in the unbanked areas via a “digital shift.”

Speaking here at the Philippines-Japan Investment and Cryptocurrency Forum, Unionbank chairman Justo Ortiz said the bank intend to increase its portfolio mix for MSMEs to 33 percent of total from the current 15 percent.

“We want to crank it up. It’s an exciting sector, huge potential. And most are still underserved if not unserved,” Ortiz said.

Ortiz said the bank hopes to achieve this via a platform, to be launched in April, where it plans to connect 5,000 MSMEs.

“With the platform, MSMEs can sell, pay and be linked to other fintechs offering digital services,” Ortiz said.

Ortiz said Unionbank is now focused on linking rural banks to blockchain technology for easier transactions.

“Rural banks are on-site. They invested on communities. They are the best avenue to banking the unbanked. But they are unbanked themselves, cut off from the system. And they have to go to middle man. We can put rural banks to blockchain,” Ortiz said.

“There’s a lot of hope going forward to embracing this technology. Financial transactions underlie all commerce. So if there is more commerce, then clearly we will benefit from it,” Ortiz added.

“We feel there’s a lot of opportunity in rural areas. The growth rates of places outside advanced areas have been encouraging. But a trust factor is needed. How do we got these businesses work with each other? Enter Blockchain,” Ortiz said.

Blockchain can push for greater financial inclusion by allowing financial institutions to provide accessible, useful, and affordable products and services that meet client needs. Whether it’s transactions, payments, savings, credit, or insurance, these can be delivered in a responsible and sustainable way via blockchain.

Ortiz said Unionbank is in the midst of a digital shift as it pursues a three-point plan which aims to transform its operations with digital technology, put up a digital bank, and engage fintechs in catering to the local market.

Blockchain, according to experts who spoke in the forum, is a transformational technology that brings down the cost to serve the mass market.

At its core, it is a form of data structure used to create a digital transaction ledger that, instead of resting with a single provider, is shared among a distributed network of computers.

With blockchain technologies, banks can increase efficiencies by addressing the settlement process across the board. Speeding payments, trading of all financial instruments, and automatically outputting regulatory information will massively disrupt the industry and shift labor into better customer service.

As part of its endeavors, UnionBank has partnered with Microsoft to conduct blockchain trials on Azure.

Ramon Vicente de Vera, Head of Fintech at UnionBank, said: “Blockchain technology will revolutionize financial services, and more so in a context like the Philippines where financial inclusion is such a challenge.”

“The Microsoft partnership has also been about sharing best practices and experiences. UnionBank is grateful to have the guidance of such a technology leader—one who has also undergone its own transformation,” De Vera said.

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Waves Community Token (WCT) 24 Hour Volume Tops $36390.00

Waves Community Token can be purchased on these cryptocurrency exchanges: Cryptomate, LiteBit.eu, YoBit, Bittrex, Gate.io, HitBTC, Kuna, Waves Decentralized Exchange, Binance, COSS, Exrates, Tidex, Exmo, Coinrail, Livecoin, Liqui, OpenLedger DEX and Bitcoin Indonesia. It is not possible to …

Waves Community Token logoWaves Community Token (CURRENCY:WCT) traded down 3.3% against the dollar during the 1 day period ending at 8:00 AM ET on February 25th. Over the last seven days, Waves Community Token has traded 2.9% higher against the dollar. Waves Community Token has a market cap of $22.04 million and approximately $36,390.00 worth of Waves Community Token was traded on exchanges in the last 24 hours. One Waves Community Token coin can currently be purchased for about $2.21 or 0.00019711 BTC on cryptocurrency exchanges including Exmo, YoBit, Bittrex and Kuna.

Here is how other cryptocurrencies have performed over the last 24 hours:

  • Ripple (XRP) traded down 0.8% against the dollar and now trades at $0.91 or 0.00008062 BTC.
  • NEO (NEO) traded down 4.2% against the dollar and now trades at $121.02 or 0.01077600 BTC.
  • Stellar (XLM) traded up 8.8% against the dollar and now trades at $0.35 or 0.00003136 BTC.
  • IOTA (MIOTA) traded up 0% against the dollar and now trades at $1.89 or 0.00016798 BTC.
  • TRON (TRX) traded down 0.1% against the dollar and now trades at $0.0484 or 0.00000431 BTC.
  • Tether (USDT) traded up 0.4% against the dollar and now trades at $1.00 or 0.00008923 BTC.
  • VeChain (VEN) traded down 0.2% against the dollar and now trades at $4.56 or 0.00040642 BTC.
  • Binance Coin (BNB) traded down 2.3% against the dollar and now trades at $10.09 or 0.00089831 BTC.
  • Populous (PPT) traded down 2.8% against the dollar and now trades at $20.37 or 0.00181404 BTC.
  • Maker (MKR) traded 4% lower against the dollar and now trades at $966.82 or 0.08608860 BTC.

Waves Community Token Coin Profile

Waves Community Token’s total supply is 10,000,000 coins and its circulating supply is 9,973,578 coins. Waves Community Token’s official Twitter account is @wavesplatform and its Facebook page is accessible here. The Reddit community for Waves Community Token is /r/Wavesplatform and the currency’s Github account can be viewed here. Waves Community Token’s official message board is wavestalk.org. The official website for Waves Community Token is wavesplatform.com.

According to CryptoCompare, “The Waves Community Token (WCT) is a Waves Platform asset intended to provide a tool for community assessment of crowdfunding campaigns launched on the Waves platform and to incentivize long-term holding by providing an additional income stream for WAVES token holders in the form of regular asset distributions. WCT will be a virtual community organization. It will be launched in several stages based on the technical maturity of the Waves platform. “

Waves Community Token Coin Trading

Waves Community Token can be purchased on these cryptocurrency exchanges: Cryptomate, LiteBit.eu, YoBit, Bittrex, Gate.io, HitBTC, Kuna, Waves Decentralized Exchange, Binance, COSS, Exrates, Tidex, Exmo, Coinrail, Livecoin, Liqui, OpenLedger DEX and Bitcoin Indonesia. It is not possible to purchase Waves Community Token directly using U.S. dollars. Investors seeking to trade Waves Community Token must first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Waves Community Token using one of the exchanges listed above.

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Bismuth Price Tops $1.84 (BIS)

Bismuth logo Bismuth (CURRENCY:BIS) traded 10.1% lower against the US dollar during the 24-hour period ending at 8:00 AM Eastern on March 4th. Bismuth has a total market cap of $14.88 million and approximately $53,579.00 worth of Bismuth was traded on exchanges in the last 24 hours. Over the …

Bismuth logoBismuth (CURRENCY:BIS) traded 10.1% lower against the US dollar during the 24-hour period ending at 8:00 AM Eastern on March 4th. Bismuth has a total market cap of $14.88 million and approximately $53,579.00 worth of Bismuth was traded on exchanges in the last 24 hours. Over the last seven days, Bismuth has traded 5% lower against the US dollar. One Bismuth coin can currently be bought for $1.84 or 0.00016437 BTC on popular cryptocurrency exchanges including Heat Wallet and Cryptopia.

Here is how similar cryptocurrencies have performed over the last 24 hours:

  • Electroneum (ETN) traded down 3.4% against the dollar and now trades at $0.0714 or 0.00000636 BTC.
  • Ripio Credit Network (RCN) traded down 3.9% against the dollar and now trades at $0.14 or 0.00001228 BTC.
  • Nimiq (NET) traded down 1.3% against the dollar and now trades at $3.66 or 0.00032646 BTC.
  • Elastic (XEL) traded down 7.2% against the dollar and now trades at $0.33 or 0.00002919 BTC.
  • Golos (GOLOS) traded down 3.5% against the dollar and now trades at $0.15 or 0.00001326 BTC.
  • Bytecent (BYC) traded 2.7% higher against the dollar and now trades at $1.13 or 0.00010070 BTC.
  • Woodcoin (LOG) traded 0% lower against the dollar and now trades at $0.22 or 0.00001925 BTC.
  • Indicoin (INDI) traded 6.4% lower against the dollar and now trades at $0.0235 or 0.00000210 BTC.

About Bismuth

Bismuth uses the hashing algorithm. It was first traded on May 1st, 2017. Bismuth’s total supply is 8,767,825 coins and its circulating supply is 8,075,120 coins. Bismuth’s official message board is bismuth.cz/forum. The Reddit community for Bismuth is /r/cryptobismuth and the currency’s Github account can be viewed here. Bismuth’s official Twitter account is @cryptobismuth and its Facebook page is accessible here. The official website for Bismuth is bismuth.cz.

According to CryptoCompare, “Bismuth is a Proof of Work cryptocurrency based on the SHA224 algorithm. It comes with a set of dApps supplied as interpretation engines, which prevent blockchain bloat. On-chain messaging and data storage is available in both public and encrypted forms. By reformulating the cryptocurrency code Bismuth aims to simplify its readability, make it compatible across all platforms and integrate it into business solutions. Bismuth is not based on code of BTC or any of it’s derivatives, it is only inspired by some ideas laid down by Andreas M. Antonopoulos, Satoshi Nakamoto (BitCoin), Sunny King (Peercoin), NXT and ETH developers. “

Buying and Selling Bismuth

Bismuth can be bought or sold on these cryptocurrency exchanges: Cryptopia and Heat Wallet. It is not currently possible to buy Bismuth directly using U.S. dollars. Investors seeking to trade Bismuth must first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Bismuth using one of the exchanges listed above.

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OAX (CRYPTO:OAX) Price Tops $0.92 on Major Exchanges

It is not presently possible to purchase OAX directly using US dollars. Investors seeking to trade OAX must first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase …

OAX (CURRENCY:OAX) traded 3.6% lower against the US dollar during the twenty-four hour period ending at 8:00 AM Eastern on February 25th. OAX has a total market cap of $23.12 million and approximately $988,400.00 worth of OAX was traded on exchanges in the last day. One OAX token can now be bought for approximately $0.92 or 0.00008247 BTC on exchanges including Gate.io, HitBTC, Binance and Qryptos. In the last week, OAX has traded 28.3% higher against the US dollar.

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Here is how similar cryptocurrencies have performed in the last day:

  • Ripple (XRP) traded down 0.8% against the dollar and now trades at $0.91 or 0.00008062 BTC.
  • NEO (NEO) traded down 4.2% against the dollar and now trades at $121.02 or 0.01077600 BTC.
  • Stellar (XLM) traded 8.8% higher against the dollar and now trades at $0.35 or 0.00003136 BTC.
  • IOTA (MIOTA) traded up 0% against the dollar and now trades at $1.89 or 0.00016798 BTC.
  • TRON (TRX) traded 0.1% lower against the dollar and now trades at $0.0484 or 0.00000431 BTC.
  • Tether (USDT) traded up 0.4% against the dollar and now trades at $1.00 or 0.00008923 BTC.
  • VeChain (VEN) traded down 0.2% against the dollar and now trades at $4.56 or 0.00040642 BTC.
  • Binance Coin (BNB) traded 2.3% lower against the dollar and now trades at $10.09 or 0.00089831 BTC.
  • Populous (PPT) traded 2.8% lower against the dollar and now trades at $20.37 or 0.00181404 BTC.
  • Maker (MKR) traded down 4% against the dollar and now trades at $966.82 or 0.08608860 BTC.

OAX Profile

OAX’s total supply is 100,000,000 tokens and its circulating supply is 25,009,250 tokens. OAX’s official website is oax.org. OAX’s official Twitter account is @OAX_Foundation. The Reddit community for OAX is /r/OpenANX and the currency’s Github account can be viewed here.

OAX Token Trading

OAX can be traded on the following cryptocurrency exchanges: Qryptos, Gate.io, Binance, HitBTC, EtherDelta and Liqui. It is not presently possible to purchase OAX directly using US dollars. Investors seeking to trade OAX must first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase OAX using one of the aforementioned exchanges.

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ColossusCoinXT (CRYPTO:COLX) Price Tops $0.0034 on Major Exchanges

Investors seeking to trade ColossusCoinXT must first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy ColossusCoinXT using one of the aforementioned exchanges.

ColossusCoinXT logoColossusCoinXT (CURRENCY:COLX) traded 11.3% higher against the US dollar during the twenty-four hour period ending at 8:00 AM Eastern on February 25th. ColossusCoinXT has a total market cap of $35.98 million and approximately $71,572.00 worth of ColossusCoinXT was traded on exchanges in the last day. One ColossusCoinXT coin can now be bought for approximately $0.0034 or 0.00000030 BTC on exchanges including Trade Satoshi and CoinsMarkets. In the last week, ColossusCoinXT has traded 13.6% higher against the US dollar.

Here’s how similar cryptocurrencies have performed in the last day:

  • Dash (DASH) traded down 1.4% against the dollar and now trades at $599.48 or 0.05338010 BTC.
  • Pura (PURA) traded 1.5% higher against the dollar and now trades at $0.60 or 0.00005394 BTC.
  • CPChain (CPC) traded down 2.9% against the dollar and now trades at $0.23 or 0.00002047 BTC.
  • ATMChain (ATM) traded 1.5% higher against the dollar and now trades at $0.0085 or 0.00000076 BTC.
  • I/O Coin (IOC) traded down 6.6% against the dollar and now trades at $2.35 or 0.00021001 BTC.
  • PinkCoin (PINK) traded down 7% against the dollar and now trades at $0.0337 or 0.00000302 BTC.
  • Synergy (SNRG) traded 2.1% lower against the dollar and now trades at $2.40 or 0.00021379 BTC.
  • ExclusiveCoin (EXCL) traded up 0.9% against the dollar and now trades at $1.48 or 0.00013221 BTC.
  • Creditbit (CRB) traded 0.4% lower against the dollar and now trades at $0.40 or 0.00003543 BTC.
  • Monoeci (XMCC) traded down 5.4% against the dollar and now trades at $1.89 or 0.00016889 BTC.

About ColossusCoinXT

ColossusCoinXT (CURRENCY:COLX) is a proof-of-stake (PoS) coin that uses the X11 hashing algorithm. It was first traded on February 8th, 2015. ColossusCoinXT’s total supply is 10,784,272,304 coins and its circulating supply is 10,724,738,924 coins. The official website for ColossusCoinXT is colossuscoinxt.org. ColossusCoinXT’s official Twitter account is @colossuscoin and its Facebook page is accessible here. The Reddit community for ColossusCoinXT is /r/ColossuscoinX and the currency’s Github account can be viewed here.

According to CryptoCompare, “ColossusCoinXT is a decentralized, open-source, and energy-efficient transaction platform. It is based on the popular PIVX Source Code with a fixed PoS block reward. “

ColossusCoinXT Coin Trading

ColossusCoinXT can be traded on the following cryptocurrency exchanges: Trade Satoshi and CoinsMarkets. It is not presently possible to buy ColossusCoinXT directly using U.S. dollars. Investors seeking to trade ColossusCoinXT must first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy ColossusCoinXT using one of the aforementioned exchanges.

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