Approval has been granted to the Unionbank Philippines by the country’s central bank which allows them to launch a new two-way crypto ATM. The approval granted is indeed good news to all the cryptocurrency enthusiasts in the country as it will make virtual currency reachable by enabling them to convert their fiat currency (pesos) into cryptocurrency and vice versa.
A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.
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