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SunStar Cebu City eyes use of cryptocurrency
FEASIBILITY. Filipino-Korean firm C Pass Inc., led by chief executive officer Jaewon Kim (right), signed a memorandum of understanding with Cebu City Mayor Edgardo Labella (left) to explore feasibility of bringing the former’s cryptocurrency and remittance and payment system to Cebu City. (Contributed)
+ April 18, 2021 RESIDENTS of Cebu City may soon have the option of settling their City Hall transactions business taxes, real property taxes, Bus Rapid Transit credits, etc. in cryptocurrency.
This after City Mayor Edgar Labella signed a memorandum of understanding to jointly explore with Filipino-Korean firm C Pass Inc., represented by chief executive officer Jaewon Kim, the feasibility of the city using C Pass’ cryptocurrency and remittance and payment system for the city government.
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