In light of the growing adoption of cryptocurrency, a number of educational institutions in the Philippines will offer crypto training courses aimed at educating students on Bitcoin as well as other digital assets. The drive also comes following a recent Philippine Senate hearing that talked about cryptocurrencies, regulatory frameworks, as well as financial inclusion.
Taking part in the hearing are two of the biggest organizations in the world of cryptocurrencies, Fintech Alliance Philippines and Binance. The former being the prime and largest digital trade organization in the country and the latter being the biggest cryptocurrency exchange in the world.
Adding also to the overall number of participants in the event are government entities, such as the Securities Exchange Commission (SEC), Bangko Sentral ng Pilipinas (BSP), and Cagayan Economic Zone Authority (CEZA).
During said hearing, Binance General Manager Kenneth Stern reportedly said that majority of Filipinos—or 78 percent—remain unbanked. But, consequently, also presented a claim suggesting that the number can be reduced with the greater adoption of crypto, even surpassing the number of “credit card holders in the Philippines.”
Kickstarting a government partnership that will enable the establishment of local startups to create smart city projects and their applications via blockchain technology, the Department of Science and Technology (DOST) and the BCB Blockchain signed a Memorandum of Agreement (MOA).
Based in Singapore, the crypto business banking firm has offered $300,000 to help startup accelerators and incubators in the country.
Several universities also have signed an agreement with BCB Blockchain whose aim is to expand its reach to academics, community members, and developers, in a bid to engage them with the Building Cities Beyond (BCB) Blockchain system. Through this effort, it is hoped that opportunities around the building of smart city solutions would be raised.
Speaking about the collaboration, Executive Director of the Philippine Council for Industry, Energy, and Emerging Technology Research and Development (PCIEETRD) Dr. Enrico C. Paringit was hopeful in the partnership’s potential to “ignite the next wave of applications and innovations for the development of sustainable and smart cities.”
PH Universities to offer crypto training courses
- Technological Institute of the Philippines
- Adamson University
- Mindanao State University — Iligan Institute of Technology
- QBO Innovation hub
- Siliman University
- De La Salle University — Manila
- Technological University of the Philippines — Visayas
- Far Eastern University
- Batangas State University
- University of Southeastern Philippines
- Caraga State University
- Holy Angel University