PDAX Forms Strategic Partnership With UnionBank
As we near the last month of 2019, we are very proud to gain the support of another key player in the industry and one of the leading financial institutions in the country, Union Bank of the Philippines (UnionBank), through their fintech subsidiary, UBX.
Blockchain Technology
This strategic partnership marks a significant stride in our goal to make financial services in the Philippines universally accessible to a greater number of Filipinos through blockchain technology.
From enabling cheaper remittances to revolutionizing the way we transact, save, and invest, the possibilities with blockchain technology are endless. These are the possibilities that we want to bring closer to everyone no matter where they are in the country or in the world.
As we work to turn these possibilities into reality, we find a great ally in UnionBank, whose thrust to tech up the Philippines has helped nurture a thriving blockchain-based economy in the country.
Financial Inclusion
Like PDAX, UnionBank is a relentless advocate of financial inclusion and champions technology as an indispensable part of making this possible, as highlighted by UnionBank President and CEO Edwin Bautista.
“Technology enables prosperity for people as well as the economy. After all, what good is prosperity if there is no inclusion,” Bautista said. “This partnership will support the digital asset ecosystem of our nation and enable financial inclusion for Filipinos.”
Justo Ortiz, Chairman of UnionBank, explained that by partnering with PDAX, UnionBank can learn from and participate in strategic tokenization projects that will power the future economy, elevate lives, and enable Filipino communities here and abroad in a collaborative commons.
Digital Future
As the world heads to a digital future, Arvie de Vera, Senior Vice President and Head of the Fintech Group of UnionBank, emphasized the key role that digital asset exchanges will take on.
“It is clear that the future is digital,” de Vera explained. “We are investing in infrastructure that makes this possible. A digital asset exchange where tokenized assets are traded is a key pillar of the future economy.”
At present, PDAX provides an easy-to-use and secure virtual currency exchange (www.pdax.ph) that is licensed by the Bangko Sentral ng Pilipinas (BSP) and is accessible by anyone who wants to trade cryptocurrencies like bitcoin.
Together with UnionBank, we want to make this platform a hassle-free and accessible option for all Filipinos to access digital assets like cryptocurrencies.
Once they do, a whole world of investing possibilities opens up for them — regardless of how much wealth they have, their financial background, their investing experience, or their status in life.
As digital transformation of assets and services all over the world gains pace, PDAX will be there to help usher in the trading of commodities, alternative assets, and derivatives in the Philippines in the near future.
Today, we are all about empowering Filipinos to get started with cryptocurrencies. All they have to do sign up at www.pdax.ph to create a FREE account.
About PDAX
PDAX (Philippine Digital Asset Exchange) is a digital asset exchange that is licensed by the Bangko Sentral ng Pilipinas (BSP). PDAX operates an order-book that enables users to buy and sell cryptocurrencies and other digital assets at globally competitive market prices directly with the Philippine Peso (PHP).
Earlier this year, PDAX partnered with BitMEX Ventures, the venture arm of the world’s leading cryptocurrency exchange, BitMEX, to highlight its commitment to advance financial inclusion and accessibility through cryptocurrency trading.
Prior to the BitMEX partnership, PDAX also joined forces with ConsenSys Ventures to help drive accessible investing for all Filipinos and provide a more inclusive trading platform for everyone.
