GOW, a digital currency service provider licensed by the Bangko Sentral ng Pilipinas under its subsidiary ETranss is launching in Manila in two weeks.
Licensed to provide exchange services between legal fiat and digital currencies, GOW will be offering a variety of products and services, 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 the 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 Securities and Exchange Commission’s draft initial coin offering or ICO policy and respondent to the draft in August, GOW plays a key role in spearheading best practices and standards for security token offerings or STO usage, especially in its capacity as a BSP-licensed virtual currency exchange or VCE.
On 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-four 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 VCE by the Bangko Sentral ng Pilipinas.
GOW is among the world’s first licensed and regulated virtual currency exchanges, licensed in the Philippines by the BSP through its subsidiary, ETranns. With a variety of products and services, customers are guaranteed secure digital transactions anytime, anywhere.