According to local News , Union Bank of the Philippines, one of the largest commercial banks in the Philippines, has launched first crypto ATM of the country.
The bank said in an official statement obtained by Philstar that the main motive behind the ATM's is to provide local clients a convenient way to convert cryptocurrency to local currency and cash out easily.
With the help of Crypto ATM's developed and distributed by UnionBank users can purchase and sell cryptocurrencies.