RACONTEURPH

GOW bridges traditional banking and digital currency

GOW, a digital currency service provider licensed by the BSP under its subsidiary ETranss, is launching in Manila, Philippines this Q4 2018. Licensed to provide exchange services between legal fiat and digital currencies, GOW will be offering a variety of products and services that are set to be announced later this year, giving customers greater variety and real-world application.

GOW differs from existing service providers as it aims to be the first major bridge between traditional banking and digital currency industries. It will service both retail and institutional clients, bringing new liquidity to the digital economy.

As a provider of feedback on the SEC’s draft ICO policy and respondent to the draft in August, GOW plays a key role in spearheading best practices and standards for STO (Security Token Offerings) usage, especially in its capacity as a BSP Licensed VCE.

Speaking of these developments, GOW Co-Founder and CEO, Tim Ying, said: "We began this journey with a simple goal, bridge the industry chasm and bring digital currencies and its benefits into the mainstream. To achieve this, GOW is working in partnership with regulators, big 4 auditors, and academia, to define the next evolution of the digital token economy."

Tim also alluded to partnering with traditional banking and new digital currency partners to provide the industry with an alternative to service providers such as SWIFT offering cheaper and faster cross-border remittance.

GOW has a long history of serving Filipino and Chinese workers, making foreign remittances cheaper for overseas workers. GOW Exchange is the parent and holding company of ETranss and (ETranss Remittance International Corp.) and CMT (China Money Trade). ETranss is registered with the Philippines SEC and a licensed Virtual Currency Exchange (VCE) by the Bangko Sentral ng Pilipinas.

For more information, go to https://www.gow.com/pc/GowEnglish.html.