WebClick Tracer

March 02, 2024

Bitcoin Island being developed in PH

A resort in Boracay is set to cater to BTC holders and to promote crypto tourism.

A resort is set to be developed in Boracay, called “Bitcoin Island”, to promote crypto tourism, accepting crypto as its main payment method. Pouch, an e-wallet service, has been actively promoting Bitcoin’s use in Boracay. Bankero Bill Mill said that over 120 businesses in the island have agreed to utilize Bitcoin as a payment method.

The company aims to further promote quicker and less expensive Bitcoin transactions as a payment and fund transfer method.


Security Bank posts net income of PHP9.1 billion in 2023

Security Bank Corporation (PSE: SECB) posted net income of PHP9.1 billion in 2023. Total revenues grew 8% year-on-year to PHP43.0 billion. Net interest income increased 19% to PHP34.7 billion. Net interest margin for the full year was 4.49%, higher compared to 4.23% in 2022. Total non-interest income was at PHP8.2 billion. Service charges, fees and commissions grew 15% to PHP6.1 billion, led by increase in fees from credit cards, remittances (which include Instapay fees) and bancassurance.

Read More ...