PHL is an emerging market for digital currencies - Citi
A newly-released study commissioned by financial giant Citi has put the
Philippines in the group of “emerging markets” in terms of use of digital
money:
The study also picked the Philippines and Greece to illustrate that two countries within the same stage can face different challenges, and may even have to improve in vastly different areas. The report noted that investments in enabling infrastructure may be a priority for some countries. For others, lack of strong private sector may be a far bigger barrier.
“Both countries are a similar stage, but require a clear difference in
priorities, with the Philippines needing to focus on market efficiency and
corporate use-case accelerators, and Greece needing to focus on improving the
ICT infrastructure and adoptio,” the report said.
— Newsbytes.ph
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