A Chinese cryptocurrency giant plans to introduce a so-called "digital peso" next year to serve not only overseas Filipino workers (OFWs) but also Chinese nationals working here in the Philippines. Visiting Huaren Capital president Jeff Wang told reporters through a translator Wednesday night that they were currently in talks with potential partner-banks, which he declined to identify, as well as the Bangko Sentral ng Pilipinas (BSP) for their digital peso project. Wang said the digital peso was aimed at reducing international remittance fees, hence would benefit OFWs. "In China, they have electronic payments systems like Alipay and WeChat Pay, so t...
Keep on reading: Chinese cryptocurrency firm eyes ‘digital peso’ launch in H1 2019
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