‘SWIFT is Expensive’: Major Philippine Bank Taps IBM for Blockchain Remittance from Japan

The Rizal Commercial Banking Corporation (RCBC), one of the Philippines’ top 10 banks by assets, has announced an upcoming remittance payments service from Japan using blockchain technology. Speaking to reporters on Thursday, RCBC first senior vice president Manny T. Narcisco revealed that the banking giant is developing the blockchain platform to enable cheaper and faster … Continued

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