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Bitcoins can now be purchased in 14 different banks


After integrating with Dragonpay, a local online payment processor, bitcoins can now be bought in 14 different banks in the Philippines, according to a press release by BuyBitcoin.ph on Wednesday.

Among the banks are the following:
 
  • BDO
  • BPI
  • Metrobank
  • Chinabank
  • Eastwest bank
  • Landbank
  • Maybank
  • PNB
  • RCBC
  • RobinsonsBank
  • Sterling Bank
  • Security Bank
  • Unionbank
  • UCPB
 
Buyers can also pay for bitcoins through online banking in the following banks:
 
  • BDO
  • BPI
  • Metrobank
  • RCBC
  • Unionbank
  • UCPB
 
 
Bitcoins can also be deposted in the following remittance centers:
 
  • Cebuana Lhuillier
  • M Lhuilier
  • Bayad Center
  • ECPay
  • LBC
  • Robinsons Dept Store
  • SM Dept/Supermarket
 
BuyBitcoin.ph is an online bitcoin exchange that primarily offers an alternative method of senting money to the Philippines.

Bitcoin is a virtual currency that can be used to directly purchase items or services online. They can be traded for other currencies and can be used to send remittances from Filipino expats around the world.
 
Since payments do not need to pass through a central bank or clearing house, bitcoins are a relatively cheaper and faster alternative to banks or money transfer companies.
 
The use of bitcoins has been a controversial topic in some parts of Asia, including China and India.  — Kim Luces/ELR, GMA News
Tags: bitcoin
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