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Business Ideas

How a Bitcoin Pioneer in PH Survived the Vagaries of the Cryptocurrency Market

Meet the founders of one of the first blockchain technology companies in the Philippines

When John Bailon first heard about Bitcoin, he thought it was a scam.“When I downloaded the software, I ran it, [and] it crashed on my computer,” he told Entrepreneur Philippines during an interview last April.  “I said, this must be a scam. That was maybe ...

by Lorenzo Kyle Subido  | October 15, 2018 09:00:00
News and Events

Want Cheaper Grab Rides? Virtual Token Users Get as Much as Php100 Discount Per Trip

Appsolutely has partnered with Grab Philippines to allow LoyalCoin holders to avail of discounted fares

The return of the time-based fare charge on Grab Philippines and Hype Transport car-hailing rides could mean pricier trips for customers though it could also help boost the availability of the service. Entrepreneur Philippines estimates that the time-based component of the fare, ...

by Lorenzo Kyle Subido  | September 25, 2018 04:00:00
News and Events

SEC Proposes Rules that Set Stage for Extensive Regulation of Initial Coin Offerings

While some tokens may be exempt from registration, all offerings must go through assessment by regulators

The Securities and Exchange Commission (SEC) has released a memorandum circular detailing its proposed rules on initial coin offerings (ICOs) of Philippine companies or targeted at Filipinos.In the circular titled “Rules on Initial Coin Offerings,” the SEC defines ICOs as “distributed ledger ...

by Lorenzo Kyle Subido  | August 02, 2018 06:00:00
News and Events

After Building Xurpas, Can Nix Nolledo Deliver Free Internet Through Blockchain-Powered Platform?

Filipino tech pioneer raises $60 million in commitments from global crypto investors and VCs

Nix Nolledo stepped down from his role as CEO of Xurpas, the consumer tech company he co-founded, to focus on ODX, which aims to provide free internet through a blockchain-enabled marketplaceODX Pte. Ltd., a Singapore-based subsidiary of Philippine consumer technology firm Xurpas, has ...

by Lorenzo Kyle Subido  | August 01, 2018 10:00:00
Startup Tips

Financial Adviser: 5 Business Lessons Every Startup Can Learn from Coins.ph Founder Ron Hose

Coins.ph is the largest blockchain-enabled financial services platform in the country today

Ron Hose is not your typical serial entrepreneur. He does only one thing at a time. When he puts up a startup, he focuses on growing the business as big as he can before he cashes in and moves to another venture.Right ...

by Henry Ong  | July 31, 2018 09:00:00
News and Events

From Sari-Sari Store ATMs to Blockchain-Powered Remittance: RCBC Displays Knack for Fintech

The country's 10th biggest lender is rolling out several technological firsts in the banking industry

RCBC ePiso is the country’s first digital fiat currency, which clients can use to access financial services without the need to open and maintain a bank account“If you’re talking about financial inclusion, necessarily you have to talk about digital banking.”Those were the introductory ...

by Lorenzo Kyle Subido  | July 16, 2018 09:00:00
Run & Grow

Basic Blockchain Lingo You Need to Know

Do the terms 'proof-of-stake,' litecoin' and 'mining' mean anything to you? If not, keep reading

With all the buzz lately around blockchain technology, it can be tough to keep up. Given how fast this industry is growing, new terms are being introduced on a regular basis, and if you have wanted to learn more about crypto, the ...

by AJ Agrawal  | July 11, 2018 02:00:00
News and Events

Buying or Selling Bitcoins? BSP Approves 2 More Virtual Currency Exchanges

The banking regulator has registered a total of five crypto-exchanges since late 2017

The Bangko Sentral ng Pilipinas (BSP) has approved two more companies to operate as virtual currency exchanges (VCEs), or firms that convert Philippine pesos into cryptocurrencies such as Bitcoin and Ethereum, and vice versa.BSP Deputy Governor Chuchi Fonacier has said that the ...

by Lorenzo Kyle Subido  | July 09, 2018 04:00:00
News and Events

PH Conglomerates Eye Blockchain Tech to Address Challenges and Sustain Growth

Winston Damarillo's digital transformation consultancy helps turn doubters into early adopters

The Amihan Block Party featured a panel that discussed blockchain's effect on certain industries such as telecommunications and airlineIn early June, Amihan Global Strategies, a leading digital transformation company, hosted the Amihan Block Party, where it launched new product offerings all using ...

by Lorenzo Kyle Subido  | July 06, 2018 10:00:00
News and Events

How a Filipino Startup Founder Launched One of PH’s First ICOs and Raised $15 Million

Appsolutely CEO Patrick Palacios shares lessons from one of the country’s earliest initial coin offerings

Patrick Palacios, CEO of Appsolutely, speaks at the Beach Blockchain Conference in Cebu, which was attended by over 250 people from all over the world“An ICO is the best gift to an entrepreneur because [even] without any connections, you’re able to expand ...

by Lorenzo Kyle Subido  | May 30, 2018 09:00:00
News and Events

Rural Banks, Too, Suffer From Financial Exclusion. Is Blockchain the Solution?

UnionBank rolls out Project i2i, which seeks to integrate rural banks into ATM and payments networks

Last May 22, UnionBank officially launched Project i2i in a press conference in Davao City. Heading the event were (from left): Amor Maclang, co-founder of GeiserMaclang; Tanya Hotchkiss, executive vice president of Cantilan Bank; Justo Ortiz, chairman of UnionBank; and Ramon Vicente ...

by Lorenzo Kyle Subido  | May 29, 2018 12:00:00
News and Events

Fintech Startup Plans to Offer Blockchain-Powered E-Wallets to A Million Seafarers, OFWs

TraXion is also holding an initial coin offering to raise up to $55 million in virtual currency

Financial technology startup TraXion is launching an initial coin offering (ICO) that aims to raise up to $55 million worth of virtual currency through the sale of 250 million TraXion tokens or TXN.These utility tokens will grant TXN holders access to TraXion’s ...

by Lorenzo Kyle Subido  | May 21, 2018 09:00:00
News and Events

Listed Tech Firm Xurpas Announces Singapore Unit’s $100-M Initial Coin Offering

But virtual tokens are not available for sale to citizens and residents of the Philippines, China and the US

Nico Jose "Nix" Nolledo, Xurpas chairman and CEO, says that the company's existing businesses will "benefit significantly" from blockchain technologyXurpas Inc., the country’s largest listed consumer technology company, has announced that one of its international subsidiaries will be selling up to $100 ...

by Lorenzo Kyle Subido  | May 16, 2018 06:00:00
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