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Like most millennials, I like things explained in the simplest way possible — Tweet-length, IG-story format. So the first time I heard the word “blockchain,” I immediately turned to Google for an all-encompassing, one or two-liner about the technology that was supposed to eliminate diseases, overthrow the government, and replace my bike with a lambo all in one fell swoop.


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Like most millennials, I like things explained in the simplest way possible — Tweet-length, IG-story format. So the first time I heard the word “blockchain,” I immediately turned to Google for an all-encompassing, one or two-liner about the technology that was supposed to eliminate diseases, overthrow the government, and replace my bike with a lambo all in one fell swoop.


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Manila, Philippines — 6 September 2018

It’s official: The Philippine Digital Asset Exchange (PDAX), dubbed as the first crypto-trading platform built specifically for Filipinos, has been granted by the Bangko Sentral ng Pilipinas (BSP) the license to facilitate the exchange of Philippine Peso with cryptocurrencies, tokens, and other forms of virtual currency (VC).

The license, which VC exchanges in the Philippines must have in order to operate, has been given to PDAX after it proved to be compliant with the guidelines set in the BSP Circular no. 944, series of 2017.

The guidelines in Circular no. 944 require VC exchanges…


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If you’ve been keeping up with the news the last few months, this is definitely not the first time you’re hearing about Bitcoin — as a digital currency, a method of payment, or even as a get-rich-quick scheme.

Last year, as the price of Bitcoin reached record highs, the topic of Bitcoin and “cryptocurrencies” began to infiltrate heated conversations among friends, family, and coworkers. Many debates end with confusion around the same issue: what — if anything — gave Bitcoin its skyrocketing value?

The answer might surprise you: Bitcoin and the peso are valuable for the exact same reason.

Since…


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While most people have only heard the term “blockchain” associated with Bitcoin, blockchain or blockchain technology is something with far more potential than just its current usage in cryptocurrency.

From land titles to reclaiming the remittance market, blockchain technology offers both an opportunity to set scalable infrastructures from the ground up and a way to navigate and govern industries that have either been previously inefficient or unclear.

What is blockchain?

Blockchain is essentially a shared digital record book — a new way of recordkeeping that guarantees accuracy in every transaction because any and all changes must be approved by everyone who has access…

Krystian Kucharzyk

PDAX co-founder/blockchain & meme enthusiast 🇵🇭

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