Digital banking leader Union Bank of the Philippines’ (UnionBank) Project i2i — a blockchain-based platform linking rural banks once disconnected from the country’s financial network — is making remarkable progress since the bank launched i2i in April this year.
UnionBank is First PH Bank to Use Blockchain-based Tokenized Fiat for Account-to-account Cross-border Remittance
This was done in partnership with OCBC Bank, Singapore’s longest established bank, using the Adhara liquidity management and international payments platform.