Virtual currency transactions soar

Virtual currency transactions soarLawrence Agcaoili(The Philippine Star) – October 9, 2020 – 12:00amMANILA, Philippines — Virtual currency transactions skyrocketed in the first semester amid the shift in consumer behavior due to the COVID-19 pandemic, the Bangko Sentral ng Pilipinas said.BSP Governor Benjamin Diokno said in a virtual press briefing the value of virtual currency transactions tripled to P59 billion from January to June as volume soared to 4.3 billion from an average of only six million annually.“This suggests the growing public acceptance of virtual currencies to facilitate paym…

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