Dear Diary: The Head Of My Bank Is Adopting To Cryptocurrencies

in #news6 years ago (edited)

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I love this development, that the head of my bank is a believer of cryptocurrencies. In fact they mined cryptos (possibly bitcoin) earned five dollars in five days with one miner but have to pay $4.5 in expenses for electricity so it was discontinued.

He also said that they were considering accepting cryptocurrencies as payment since he wasn't worried about regulations as the Philippine Central Bank is very open for cryptos but exchanges will just have to go over with the normal business protocols of KYC for anti-money laundering law. So I am now excited that in the near future I can load my debit card with cryptocurrencies in the near future, it's exciting indeed.

For SME's they partnered with Visa to facilitate a cross-border B2B or bank to bank payment system using blockchain technology. So with that transaction cost will get reduced for about 50%. It will be in operation in the end of the year and indeed it will be good for my country's economy.

Sources: Cryptovest.com
Ethereumworldnews.com

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So nice, this is good news. Hope you're sorted with your bank statement issues?
Wish you the very best

Wow extraordinary news ... The cryptocurrency is no longer the future, is the now!

Days are not far away when banks across the globe will accept cryptocurrencies and payment in digital coin for any service or purchasing goods will become normal matter. Waiting for those days.

Wow its a great news !
Congratulations!

Nice post....

its a great great great news. thanks for sharing.

That will be great!
Because in my country there is not concept of cryptocurrenies @cryptopie

Emotion to the maximum... And better and better things will come, we are part of this great experience... Thank you friends, thanks STEEMIT!

I am very happy for you because it has been able to solve your problem

I pray to God for your quality life.

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