Union Bank of the Philippines introduced the first crypto ATM

Today it became known that Union Bank, the major financial institution in the Philippines, presented the country's first crypto bank machine that allows you to sell and buy virtual currency.
The press service of the bank noted that the main purpose of the crypto bank was to provide Filipinos with an easy way to exchange digital currency for Fiat, and national currency for virtual one.

“We constantly monitor the growth of customer needs for new services, taking into account the growth in the number of crypto users among them, the financial institution management decided to install in the branches a two-sided ATM for the exchange of digital currency,” Union Bank said."

Experts are confident that such a move by the bank will facilitate the massive adoption of cryptocurrency.

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