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Technology

Bonds.PH app makes bond investing easy for unbanked

Union Bank of the Philippines President and CEO Edwin R. Bautista says the Bonds.PH mobile app will benefit every Filipino.
Union Bank of the Philippines President and CEO Edwin R. Bautista says the Bonds.PH mobile app will benefit every Filipino.

Have you ever thought of investing in retail treasury bonds? Now the Bonds.PH mobile app makes it easy for every Filipino, even the unbanked, to do so for as low as US$100.

The Philippine Bureau of the Treasury (BTr) is the first in Asia to launch an app for the distribution of retail treasury bonds enabled by Distributed Ledger Technology (DLT).

“The launch of Bonds.PH paves the way for all Filipinos, particularly the unbanked, to easily and affordably invest in the BTr’s newest retail treasury bond, RTB-24 or the Progreso Bonds. The mobile app presents a compelling opportunity for all to invest and help the Republic raise funds for economic recovery and COVID-19 response,” Philippine National Treasurer Rosalia V. De Leon said in a press statement.

The launch was made possible in partnership with Union Bank of the Philippines (UnionBank) and Philippine Digital Asset Exchange (PDAX).

“This is the first retail treasury bond issuance to leverage on blockchain technology in Asia, and likely the world. The Philippines is ready to lead the way into the future and tech up the nation with innovative, inclusive opportunities, powered by emerging technologies, for the benefit of all Filipinos,” said UnionBank President and CEO Edwin R. Bautista.

Categories
Gaming

Kalaro esports platform to be launched in PH

Kalaro Software Architect Jun D. Lasco said the new platform aims to become the central hub for the fragmented esports industry.
Kalaro Software Architect Jun D. Lasco said the new platform aims to become the central hub for the fragmented esports industry.

A new esports platform and social networking app made by Filipinos for Filipinos will be launched in October. Called Kalaro, this platform aims to serve the needs of over 27 million gamers in the Philippines as the esports industry continues its tremendous growth in Southeast Asia.

Kalaro Software Architect Jun D. Lasco told Digital Life Asia that this central hub for esports entertainment and gaming tournaments seeks to address the pain points of esports athletes and brands.

“One of the main pain points is the fragmented esports industry, especially in Southeast Asia and similarly situated countries. This fragmentation and lack of order makes it extremely difficult to strengthen the industry’s full capacity. Some stakeholders consequently get the short end of the deal. For instance, player compensation and incentives, or brands not benefiting from their marketing investment,” Lasco said.

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A Life Less Analog Technology

Embracing digital in the age of COVID-19

Technology column header

The COVID-19 pandemic has shattered many illusions and exposed the weaknesses of human society. It has also destroyed all our excuses for not embracing digital.

Our world has changed. And in the weeks since governments implemented physical distancing and lockdowns, millions have learned to adapt to a new digital lifestyle.

Some of us have been working from home for years. Well, from anywhere, actually, in my case. So we may not realize just how disruptive this has been for many people. I’ve been advocating and trying to live a digital lifestyle since the late 90s. Nicholas Negroponte’s “Being Digital“, which was published in 1995, made a big impact on me when I read it. And yet even I’m amazed by how quickly society ended up embracing digital when it was forced to do so.